Personally, I have tremendous respect for all who have served us in government. They are human too. They desire seeing growth in their own wealth and know that their actions dictate the direction of the US economy and position in the world. The problem is that most are so damn intelligent, they get caught up in a paradigm that does not allow them to see simple realities. We do this all the time as human beings. The reality they neglected to see, in simple terms, is that continuous growth is not reality. Couple that with a government that did not keep up with regulations to control the output and type of new financial products (ie: mortgage or credit card backed securities). Throw in a greedy banking system whose only interest is to make more and more money without concern for protecting the people (you and me who keep our money in their bank or buy their stock) that invested in them. A time bomb has been building for a long time and will take a long time to defuse. Hopefully, there won't be another. But guess what, they say the solution is to free up the banks to help them lend money again. I have to say it again....."lend money again". Do you think the new customers are going to be any better than the old ones? It's a vicious cycle and the reality is what goes up must eventually always come down. Like a sine wave, there are peaks and there are troughs. We happen to be in a trough as deep as an artisan well.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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