| inbluevt | Date: Saturday, 2013/06/15, 2:12 AM | Message # 1 | DMCA |
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The economies of the United States and Europe are seeing their worst downturn since the Great Depression. Tens of millions of people are unemployed or underemployed. This has led to
millions losing their homes, their access to health care, and, in some
cases, their lives.
Remarkably, the two individuals who bear the greatest responsibility for this disaster, former Federal Reserve Board chairman Alan Greenspan former president of the European Central Bank Jean-Claude Trichet, do not appear to be suffering at all for their failure. Both are living comfortably and continue to be sought out for their expertise on economic policy. This should infuriate reasonable
people everywhere.
At this point everyone should understand that the economic wreckage destroying tens of millions of lives across the
globe was an entirely preventable disaster. In the case of both the
United States and Europe unsustainable asset bubbles were allowed to
grow to ever more dangerous levels. It was inevitable that the bubbles
would burst and when they did the outcome would be a severe downturn
from which it would not easy to recover.
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Message edited by inbluevt - Saturday, 2013/06/15, 2:13 AM |
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