Truth: The 30 Year Itch
When the Federal Reserve was established in 1913...soon to follow was not ecomomic growth; but a great depression. What got us out of that depression was World War II. That war spurred economic growth and ingeniuty at it's best for America.
30 years after that inflation caught up with us, and we a horrible time with another recession. Just following Vietnam, the mid 70's while fun for me, were not that great for the country. Jimmy Carter, inflation, long gas lines, Iran, etc. What got us out of that? Reagan's tax cuts, out spending the Russians.
Now 30 years after that we are at rock bottom again. The war, a president who's ratings are super low (in most categories, not all), unemployment, terrorism etc.
So what's going to get us out of this recession? I don't know. I wish I did, I would invest in it.
Oddly enough I see ominous parralels occuring every 30 years. I am no conspiracy theorist. I just know bigger things are at play - like the Federal Reserve printing money out of thin air, how banks make profits while the common man suffers.
And so it never ends.
30 years after that inflation caught up with us, and we a horrible time with another recession. Just following Vietnam, the mid 70's while fun for me, were not that great for the country. Jimmy Carter, inflation, long gas lines, Iran, etc. What got us out of that? Reagan's tax cuts, out spending the Russians.
Now 30 years after that we are at rock bottom again. The war, a president who's ratings are super low (in most categories, not all), unemployment, terrorism etc.
So what's going to get us out of this recession? I don't know. I wish I did, I would invest in it.
Oddly enough I see ominous parralels occuring every 30 years. I am no conspiracy theorist. I just know bigger things are at play - like the Federal Reserve printing money out of thin air, how banks make profits while the common man suffers.
And so it never ends.
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