When FDR took the oath of office as President, there was just a little tension. All of the banks were closed...
It had been the theory of Hoover that it was not the role of government to intervene in the creation of jobs etc...When FDR took office he quickly took the US off the gold standard, and then gradually devalued the dollar to .62. He reopened the strong banks. Created a barrier between the banks and the brokers---that has since been torn down. He had a foreclosure holiday....Added support for farming with AAA. and much, much more.
It's time for folks to go back and read some history of the 30's.
Tuesday, November 29, 2011
Sunday, November 27, 2011
View from the Cliff: appendix
All institutions, whether religious, political or educational, when they are facing the cliff, become obsessed with irrelevant details. They are not responsive....they just are just in denial about what they see around them.
Travel, Black Friday Specials incl violence, Plus War Top Priorities; Cost Cutting Can Wait till 2027
It seems that all Americans are taking their lead from the Italians...who just in the last few weeks removed their Prime Minister who planned on legislating reforms, like increasing the retirement age to 67, but making the effective date 2027. Americans seem to be following suit.
Everybody wants to be austere....in 2027, or maybe long after they are dead and gone. Make a note of it. Until then, making war, making violent competitive deals at the mall etc and traveling at whatever cost are the top priorities.
Everybody wants to be austere....in 2027, or maybe long after they are dead and gone. Make a note of it. Until then, making war, making violent competitive deals at the mall etc and traveling at whatever cost are the top priorities.
Thursday, November 10, 2011
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