From the celebrated Karl Denninger, who was awarded the
Accuracy in Media 2009 Grassroots Media Award:
http://projectavalon.net/forum/showt...karl+denninger I love his acceptance speech...
Open Note To Tim Geithner
Tuesday, June 2. 2009
In light of China's view of the "safety" of their dollar-denominated investments, your several-times removed predecessor has some words of wisdom for you:
Quote:
Treasury Secretary, Henry Morgenthau, angry at the Keynesian spenders, confided to his diary May 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and now if I am wrong somebody else can have my job. I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started.[49] And enormous debt to boot." http://en.wikipedia.org/wiki/New_Deal
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Do we really need to repeat history in order to learn from it?
SOURCE: http://market-ticker.denninger.net/a...-Geithner.html
Con of the Century FED UP USA: http://www.fedupusa.org/