August 1, 2017 Starts the Most Dangerous 90 Days in American History
by John Galt | July 19, 2017
http://johngaltfla.com/wordpress/2017/07/19/august-1-2017-starts-the-most-dangerous-90-days-in-american-history/
The stock market is over-valued by at least 30%, the economy propped up by false statistics, and worse, an unstable Presidential administration unwilling to recognize that the mistakes of his 1929 clone are being repeated daily by an inexperienced staff and incompetent dual party leadership.
During the election of 1928 a somewhat charismatic, albeit not as flamboyant individual as Trump, ran for President. He, like Trump was a wealthy businessman. He, like Trump, had never held any elected political office. Also like Donald Trump, this candidate was disliked by the establishment Republicans, despised by the Democrats, and worse, was once a Democrat but rebuked when he refused to run for the Presidency under their banner (yes, the Dems did approach Trump after the 2000 disaster with Algore).
History has judged Herbert Hoover quite harshly, yet his goals to save our nation after the Great Crash of 1929 were quite noble. He was victimized by not only the establishment Republicans protecting the banking elites, but a Democrat Party which said to the average citizens “damn you we want total power” and thus froze the ability of the Federal Government to engage in any productive actions to prevent further deterioration of the economy or save the citizenry from the crashing banking system. The Democrats actually were willing to impose pain on the average man, letting them live on the streets and starve to retrieve positions of power and achieve the dual goal of destroying the Republican Party.
What made the situation worse was Hoover’s attempts to “work” with the other party by signing legislation supported by the most Progressive wings of both parties (Smoot-Hawley for example) which not only made the crisis worse, but accelerated the turn to the downside by destroying any remnants of capitalism as the economy declined at an accelerated pace.
Thus bringing us full circle to the crisis we are facing in America and the world now...