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Over the last year, and more specifically, once the USA government's massive bailouts began (or more accurately, taxpayer funded bailouts), Research and written
information shows where these misguided money wasters could ultimately take us. As background consider the Great Depression for research, as this decade
(1929-1940) served as a laboratory experiment for failed policies that should never be repeated. (Sadly they are)
Under Presidents Hoover and Roosevelt, the New Deal created government program after government program, each with the supposed intention of rescuing the US
(and global economy) from what started off as a run of the mild recession following the crash of 1929. Revisionist historians would have us believe that if
it were not for these government bailouts our economy would have failed even worse than it did. The proof is in the hard data. From 1934 to 1940, which was
the heart of the New Deal era, the average unemployment rate was 17.2%, and at no point during the 1930s did unemployment go below 14%. Soup kitchens and
tent cities were the norm and the truth is that if it were not for WWII, the Great Depression would have continued well into the 1940s. Consider one of the most disturbing developments, Adolph Hitler, a lunatic who couldn't get anywhere politically just a few years earlier when
Germany and the world were still prosperous, became the supposed savior for his bankrupt country. Are you aware of this history? Consider it in today's world
and keep it in mind as similar economic catastrophes develop abroad in the years to come. If you think that the Obama Administration is too well meaning and intelligent to lead us down the same path of destruction, consider this quote from one of the best researched books on the Great Depression, FDR's Folly, by Jim Powell. Why did the smart, well educated, well intentioned New Dealers back policies that prolonged the Great Depression? How could they have gone so wrong? Most of the New Dealers were lawyers (as is Obama's). Look at the picture graph.
Few among them, including FDR, had any practical business experience.The "New Dealers"
came to believe that their knowledge, combined with their political power, could cure the problems of the world. They thought that by issuing executive
orders, passing laws, raising taxes, and redistributing money, they could make society better.
This is sounding familiar, right??
Now, take a look at the chart on the right, look at the lack of business experience of the Obama Administration, compared to that of each Administration since 1900. It is truly
frightening when you realize how little our current leaders know about how the real world operates, especially with the economic conditions we face today.
The facts are, almost no one in Obama's administration has ever had a job outside of government, much less owned a company in the private sector where they
were forced to make payroll, or even to use Quickbooks to make sure that the company could pay its bills. So, what happens when the bailots stop? Lets go back in history for some clues....
Here's what Henry Morganthal, FDR's Treasury Secretary during the 1930s had to say about the government policies of the worst decade on record. The record amounts of money that we have spent have only made the situation worse, and prolonged the worst economy in our recent history. So the question everyone should be asking is: Why do we think we can repeat the same mistakes of the 1930s and get a different result?
Einstein says it well. "Doing things the same and expecting a different outcome is the very definition of insanity" The gap bet This is how the largest transfer of wealth in history starts.
Watch this trailer Conspiracy Against Your Money. If this resonates with you then I encourage you to take the next step and complete the form so that you can watch the complete Conspiracy Against Your Money. The money is flowing from the Uninformed to the Informed. I am marketing Financial Education and am a student and member of this elite community.
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