Medical Health

Did Alan Greenspan Cause the Economic Meltdown?

I am good at seeing patterns in life and in data, and I am often good at predicting (although sometimes I do not follow my own good advice), but right now I am unwilling to spend the time necessary to perhaps substantiate the following possibility:

When Alan Greenspan decided to pop the High Tech stock bubble by raising interest rates back in 1999 – 2000 (despite the fact that corporate leaders said he was doing the wrong thing, that he should let the good times continue), he did not take into account unforeseen disasters. Yet unpredicted disaster was on us soon enough, in 2001, when the World Trade Towers fell to dust on 9/11, furthering the decline on Wall Street and in our economy.

So the big-money guys on Wall Street had to find another way to make the money they had been making during the High Tech boom, and when the government reduced interest rates in order to counter the effects of 9/11 and of Greenspan’s earlier decision to blow the High Tech stock bubble, the big-money guys saw that the housing market could be manipulated. They saw a way to make the money they used to make buying and selling High Tech stocks.

If Greenspan had taken unforeseen disaster into account when he decided to manipulate, pop, and blow the High Tech bubble, maybe the money and the money men would have stayed in the High Tech sector rather than moving on to manipulate home mortgages and subprime loans.

These guys in the government should know by now that if anything can go wrong, it will.

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October 28: A friend said, “Yeah, if Greenspan hadn’t popped the High Tech stock bubble, America would be a high-tech economy instead of a service economy.”

The Last of Brazil’s Lost Tribe

On the news last night, the reporter called it the lost tribe, but that label seems like propaganda, given that the news report was about how Brazil’s ranchers and farmers had exterminated the tribe over a number of years–obviously the tribe was not lost to these ranchers (or to the Brazilian government, which has been synonymous with unfettered ranching and rainforest destruction for decades now).

I mean the world has been after Brazil to change its ways. The world has been after Brazil for decades. Yet the Brazilian government allowed its ranchers to commit blatant genocide, and neither the United Nations nor any of its members have instituted sanctions against Brazil. I think this state of affairs–a renegade, evil Brazilian government; a United Nations that looks the other way over and over again, even after acknowledging the crime–shows us that our so-called world leaders are a sham. They come from the scrapings at the bottom of the barrel. They are not doing their jobs and are probably too brainwashed and greedy to ever do the right thing.

That so-called lost tribe in Brazil, the one they talked about on the news last night, there are only 6 members left: 2 old men and 4 old women. They are too old to reproduce. The tribe and its customs and language will soon go extinct. The Brazilian ranchers wiped them off the face of the earth. And our leaders did nothing, and are doing nothing, despite the fact that millions of concerned citizens have been complaining about Brazil and its ranchers for the last 30 years or more.