Economic Luddites

the trouble is that the NYSE crashes have been occuring for decades prior to the Great Crash of 1929.

The cause of where we are now is the Dot Comm Boom and Bust of 2000. The Stock Exchange crash of 1929 did not cause the Great Depression, it was the action taken in 1929 which caused the Great Depression. Other crashes happen it is what you do which is the test. The 2000 crash, they pumped in money into the economies. Only now the money is nearly all gone. The whole edifice is collapasing, sometimes it is actually better to do nothing, let it go, you lose more by trying to preserve something which is not worth preserving. Think of the politicians as economic luddites, they really have not got a clue.

Think of a friend in quicksand. He slowly sinking and his friends think they can save him. Only trouble is the quicksand wins, he drowns, and those who tried to save him go down as well, they would have been better letting him go, then they can put up warning signs about the danger. Because they sacrificed their lives others died.

This is a quicksand economy, put up the warning signs.