In short form, this video traces the financial history leading up to our ‘recession’ which is growing and will soon dwarf ‘The Great Depression.’ We listened to our elders talk of making couture ensembles with flour sacks and overshoe insoles from newspapers. We felt jubilation when John-Boy of ‘The Waltons’ was able to cadge some pencils and a Red Chief notebook. We did not listen when they – having learned much, placed FDIC Insurance in place, audits of the Federal Reserve, as well as
Glass Steagel SEC Regulations – so it would never happen again!
Knowing this, we have been extremely stupid, easily led astray, and/or bamboozled by the greedy banker/investor types…Choose all of the above, and add mass hypnosis. How else would we allow Greenspan to reason that ‘We don’t need no stinkin’ SEC Regulations.’ Banks and investors will behave in a genteel and honest manner. Bwahaha!