It has been said that a historian is a prophet in reverse. I do believe we can learn from the past, but we don’t. I also think that the conditions leading up to the 1929 stock market crash have been increasingly prevalent again today. As of today, about 45% of the world’s wealth has been destroyed and now banks from 20 countries are going to meet together to figure out how one world bank might alleviate some of the global banking situation. Our government is looking to spend potentially trillions of dollars it doesn’t have on problems it can’t fix. Why?
We forgot to ask for our daily bread.