show me the money...

Two Sides Of War (All Wars)

"All wars are planned by older men
In council rooms apart,
Who call for greater armament
And map the battle chart.

But out along the shattered field
Where golden dreams turn gray,
How very young the faces were
Where all the dead men lay.

Portly and solemn in their pride,
The elders cast their vote
For this or that, or something else,
That sounds the martial note.

But where their sightless eyes stare out
Beyond life's vanished toys,
I've noticed nearly all the dead
Were hardly more than boys."

 

hmmmmm.

ya get that.

 

 

Five years after the drama that began in 2008 — the failure of one bank after another, the decline in the stock market and the freezing up of finance — we still cannot seem to agree about the causes of the crisis. There are some who like to pin all the blame on the corrupt business practices of Wall Street and the greed of bankers. Then there are those who think it was just one more example of the sort of irrational mass hysteria that gives rise to boom-and-bust cycles in financial markets. Still others focus on the inherent characteristics of banks that seem to make them especially vulnerable to investor panics — the fact, for example, that their loans and investments cannot be liquidated in a hurry, while depositors can withdraw their cash with the click of a mouse.

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In their brilliant new book, “Fragile by Design,” Charles W. Calomiris of Columbia University and Stephen H. Haber of the Hoover Institution at Stanford take a wholly different approach. Why, the authors ask, are some countries so much more prone to crises than others? Why, for example, has Argentina had four in the last 40 years and Australia none? Why have the United States and Canada — two countries that have a common culture and similar legal arrangements, and that share a fundamental belief in a tempered free-market capitalism — had such different experiences with their banking industries? Since 1840 the United States has had 12 systemic banking crises and Canada has had none. The authors have a very simple answer: It all has to do with politics.

its not that simple.

all politics is about transferring wealth from one class to another.

creating wealth is another matter entirely.

without the continual ebb and flow of inflation and deflation then economies would stagnate.

e.g. soviet russia.  

maybe it is what we need now.

the world and the earth to go back into hibernation and slumber mode.