U S Grant
so we want the political commentators to be able to say without contradiction that 'as I was saying' or 'as I have been reliably informed' 'when I asked the President' etc...That is why I think that the blogs have been effectively closed to the general public. You guys are just so knowing but may I humbly supply the following quote from U S Grant in 1874-75
'it is easy to conceive that the debtor and speculative classes may think it of value to them to make so called money abundant until they can throw a portion of their burdens upon others'
Now I got that quote from the FRUS pp.[III] - XXVII.ff
My point. Nothing actually changes and nothing will change, there always has been a Global economy and there always will. It just depends on your definition of Global.
'it is easy to conceive that the debtor and speculative classes may think it of value to them to make so called money abundant until they can throw a portion of their burdens upon others'
Now I got that quote from the FRUS pp.[III] - XXVII.ff
My point. Nothing actually changes and nothing will change, there always has been a Global economy and there always will. It just depends on your definition of Global.


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