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Any one who remembers the financials of the 70’s will remember the stagflation during those years. The markets went nowhere for many years, approximately 1968 through 1982, when it took off with a vengeance.
Wow! I didn't realize that for nearly fourteen years the U.S. economy suffered. What was it about 1982 that caused the economy to take off?
Originally Posted by Ken Hill
I think there is a global wealth redistribution process occurring at this time and the effects will be painful for many Americans.
Naomi Klein writes about global wealth redistribution in her book, The Shock Doctine. She cites the US failure to secure Russia's markets when the Soviet Union collasped and instead, Russian industry barons took over their markets and became very wealthy.
Ms. Klein also states that the U.S. interests wanted to "privatize" Iraqi markets to gain an extravagant amount of wealth from those markets because they failed to secure wealth from the Russian markets in the 1990s. Ms. Klein states this is one of the reasons for the Iraqi "invasion" by the U.S.
