beejean Sat 09 Nov 2013, 3:27 pm
Lately, it has been "back to Charles Dickens" nationally. (Tale of Two Cities, 1859)
The systemic values got crushed when the hyper-volatility and hyper-fast electronic trades went into play - everyone had plenty of warning signals that the Finance sector was pulling forward into a separate class unto themselves, and the people next thought to counter it with big government and 2008 tactics -- big government throwing money at the big behemoth finance interests because the big finance interests bought them. Lookee, lookee the government's still bought out -- but now, like a cornered and dangerous quarry of financial game wardens, it turns around and tries to best the financial game wardens. Meanwhile, we the people are not equipped with a means to break up this scrappy roaring inside the regency game reserve. So we have federal easing going only to banksters and selected pampered industries, while we tough it out on the margins with acorns and cheetos.
The world of stability has been bye-bye after that -- Orwell was like the Jonathan Swift of the 1950's -- Think "Animal Farm" lived out in "1984".