On Sat, 7 Nov 2015 19:09:49 -0500, "Mr. Luddite"
wrote:

Watching a new series on "The History Channel" called "Hunting Hitler".

The part being aired right now is the period giving rise to Hitler
following WWI, the Great Depression, it's global economic affects and
the lead up to WWII.

Eerily similar to some things going on today.

.... and the debt bubble hasn't even popped yet.
The governments are not in as good a position to just borrow money or
to simply print it. The world economy is certainly in as much trouble
as it was in the 30s but the central banks have a heavy thumb on the
scale so we don't notice. The question is how long can that last?


I was just reading an article today about how Walmart is suffering
because we are in a deflationary spiral and there are no "excess
profits" to cut to further lower prices. Some of that is simply
because they gave the employees a $1 raise. Imagine what would happen
if Bernie gets his wish and it is over $5. The idea that the
government can stop deflation with government mandated wage hikes is
as stupid as the idea in the 70s that they could stop inflation with
wage and price controls. BTW is Bernie telling his followers that
those wage hikes WILL come with price hikes? That will affect the
middle class more than anyone else.