Wednesday, October 22, 2008

Whats Really Going On With The Nations Financial Crisis?

The circumstances that have led to our current recession are the controlled by the same pendulum that led to the great depression in 1920's. The doctrine that our very government has worked so hard to maintain, the rich get richer and the poor get poorer. But when the top 1% controls too much of the money "critical mass" hits and a recession is right around the corner. When income inequalities in this country become too skewed, it screws up the system. "The top 1% own more wealth in this country than the bottom 90%" According to Delaware Senator Bernie Sanders.

FDR's federal chairman who severed during The Great Depression likened this sort of financial catastrophe to a poker game:

"As in a poker game where the chips were concentrated in fewer and fewer hands, the fellows could stay in the game only by borrowing. When their credit ran out, the game stopped."

Marriner S. Eccles
(FDR's Federal Chairman)
1951

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