Wednesday, July 1, 2009
Optimism Opium
In the Spring of 2009, delusion was in full bloom. The sentiment was that the global economic emergency was ending. Americas stock market was up 37% from the March 9 lows. Hope and optimism were broadcast. Trillions of dollars backed by NOTHING were magically manufactured. beneath the media hype, Obama's rock star gig was met with mixed reviews at the April 2009 G-20 meeting in London. But, from here in 2012 there are now food riots, tax protests, farmer rebellions, student revolts, homeless uprisings, tent cities, ghost malls,.......... and general strikes."
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