HowardSave the Dollar and Kill Your Children
McDonald's of Time Square, New York
The bad thing about all the games done to "save the dollar" really have to be looked into. For example one of the key motivations on making the huge real estate, housing bubble in 2001, was you needed a new bubble to "keep up the dollar", after the collapse of the Internet bubble of the Y2K period. (year 2 thousand).
As an older guy, in the bug and rat extermination business told me at a recent public meeting , one Al Bechp, the real estate bubble was run up, starting in New York, going back to the mid to late 1960s. The real estate investors created shell companies and in effect, sold the buildings to themselves, so they would have more room to get rid of rent control. Now they even are eroding rent stabilization.
The idea was to move out the minorities, the blacks and hispanics, and either depopulate areas in places like the South Bronx, which was done to an extent, or bring in rich whites and foreigners to take over areas, like what is beginning to happen in Harlem, in upper Manhattan New York. This is of course what is called "gentrification", but this is the model for the real estate bubble and a whole other series of bubbles.
Take the situation of young Americans these days. As what is elucidated in USA Today, Nov 20, they are by and large hopelessly strapped with debt. It costs more and more to go to college. Meanwhile, the idiotic CEO mentality has spread to the colleges. The chancellor of Vanderbilt University in Nashville, Tennessee, became the first college president to earn more than $1 million last year.
Another interesting story is that state regulators are ruining some of the plans of the energy cartel to establish nationwide electricity companies. The merger of Excelon and Public Service Enterprise Group (aka PSEG) was stopped by the New Jersey public utilities commission, who feared too much concentration of "market power" and the fixing of prices. The Democratic elect governor in Maryland is pledging to fire the entire public utility commision in that state. The plans to "save the dollar" will be destroyed politically. It has to be saved the right way, with an FDRoosevelt style, New Bretton Woods international agreement on fixed exchange rates, etc......
