01
Apr 2009
There is a line in both Peter Pan and Battlestar Galactica that says “All of this has happened before, and all of it will happen again.” In other words, history repeats itself.
I just finished reading The Forgotten Man: A New History of the Great Depression by Amity Shlaes and couldn’t help but get very fearful for the direction that our country is taking. From the very first page, it was impossible for me to not see the parallels between the 1930′s and now.
I have always enjoyed history because there is so much to learn. The funny thing about history though is that if you don’t know about it, chances are that you’re going to repeat it. Heck, even if you do know about it, you’re probably going to repeat it. But if you have knowledge, you can at least try and change the outcome. Look at the people that are running our country; they are making the exact same mistakes that politicians made in the 1920′s and 30′s. I’m guessing that they don’t know very much about history.
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Category: Books, Current Events
Tags: Amity Shlaes, Capitol Hill, country, Depression, FDR, Franklin D Roosevelt, great depression, Henry Morgenthau Jr., history, spending, The Forgotten Man, unemployment, Washington
11
Mar 2009
A few months back, you may remember me posting a poll asking what you were doing with your investments. At the time, I was planning on trying to ride out the current financial storm thinking that I’m young enough to recover my losses in the coming years. I’m not quite as optimistic now as I was then. Actually, I wasn’t very optimistic then but I was trying to convince myself that I was. Right now I think that we’ve actually already entered another depression. I also think that the pundits are either too dishonest or too stupid to share this fact with the rest of the world for fear of what problems it may cause. In my opinion though, they’re just postponing the inevitable which will ultimately make things worse.
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Category: Current Events
Tags: 401k, economic crisis, great depression, Jon Stewart, losses, mom, money management, money market account, poll, stock broker, stocks
09
Oct 2008
I’ve been thinking a lot about the state of our economy. I must say, I’m not very optimistic. I’m very angry with the politicians in Washington right now. Given the economic circumstances that our country is facing, spending money to save failing companies that then turn around and spend hundreds of thousands of dollars on retreats is just complete stupidity in my opinion.
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures that were to be implemented after the proletariat gained power. The purpose of this was to centralize all instruments of production in the hands of the state. Measure number five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” Let’s all give communism a great big welcome to the United States!
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Category: Current Events, Politics
Tags: bad business decisions, centralization, Communist, economic crisis, great depression, House, Karl Marx, Manifesto, proletariat, U.S. Constitution, United States, vote, Washington
