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How long before the crash?
FarmerRick:
the crash is happening as we speak, it's just in super slo-mo.
a website I like to keep an eye on: www.zerohedge.com
A-FIXER:
When other countries find out that their gold place here in the good ole usa was sold years ago... teotwawki rollercoaster begins.
abbafandr:
--- Quote from: FarmerRick on February 28, 2013, 08:38:25 PM ---the crash is happening as we speak, it's just in super slo-mo.
a website I like to keep an eye on: www.zerohedge.com
--- End quote ---
On that line, here's an old quote from Ernest Hemingway: "The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." :angry:
GreyGeek:
--- Quote from: FarmerRick on February 28, 2013, 08:38:25 PM ---the crash is happening as we speak, it's just in super slo-mo.
--- End quote ---
I believe that is true. I suspect that it began with the housing bubble burst in 2008, which was set up when Jimmy Carter and the Dems signed the Community Reinvestment Act, which was strengthened by Clinton. It was a ticking time-bomb. In 2001 and 2006 the Conservatives warned Congress about the pending problem but the Dems played the race card to shut it down.
Video of CSPAN recordings in the mid 1990s, leading to the resignation of Franklin Raines.
And Barney Frank denied that there was a house bubble problem. Later, he blamed the Republicans.
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