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Deflating our way out of debt~
Via Default and Misdirection
By Rich Cash
Barbers, bartenders, beauticians, daycare workers, shoe-shiners and taxicab drivers may readily confirm popular wisdom the USA will inflate its way out of debt, like Zimbabwe today or the Weimar Republic over four generations ago with wheelbarrow money for a loaf of bread or a single ounce gold coin for a block of choice commercial property in downtown Berlin.
Yet the tenth richest person in the USA from insider trading and market manipulation….
as well as banks (Columbia Trust), booze (Somerset Importers’ Dewar’s Scotch, Gordon’s Gin, Seagram’s and Schenley earning him alleged friendships with bootleggers like Sam Bronfman or mobsters like Al Capone, Frank Costello and Sam Giancana during Prohibition), movies (RKO) and owning the largest commercial property in the country, the Chicago Merchandise Mart, later FDR’s head of the Security and Exchange Commission, remarked in 1929:
He knew it was time to get out of the market when he got hot stock tips from a shoeshine boy.
http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.
http://en.wikipedia.org/wiki/Samuel_Bronfman
As an instructive aside, in 1967 Time Magazine wrote JFK Sr’s road to riches was that he possessed a passion for facts, a complete lack of sentiment and a marvelous sense of timing.
The father of the President owned political machine votes from Boston, New York and Philadelphia to Chicago, Texas and Los Angeles.
His own political career was derailed by commenting, as Ambassador to the Court of King James in 1940, Democracy is finished in England. It may be here, [in the US].
General Stanley McChrystal apparently did not take notes.
His top aide resigned today after the General’s abrupt recall from Afghanistan to Washington DC, where it is apparently riskier (to criticize the President and his people as the wimps in the White House.
http://www.reuters.com/article/idUSTRE65L3GP20100622?type=politicsNews
That pesky Radical Sixties Chic Rolling Stone did it again.
First an expose on the Government Sachs Vampire Squid. Now The Runaway General.
http://thelede.blogs.nytimes.com/2010/06/22/excerpts-from-rolling-stones-mcchrystal-profile/
