Paul B. Farrell: The 2008 crash isn’t over, only covered up

[marmar]

By Paul B. Farrell, MarketWatch


SAN LUIS OBISPO, Calif. (MarketWatch) — We have hard evidence Washington and Wall Street knew the 2008 crash was coming years in advance. Yes, they could have prevented it. But didn’t. And, yes, the cover-up cost Americans trillions.

Was their Reaganomics ideology so rigid, so blinding, they couldn’t (and still cannot) admit they were wrong? Forcing them to lie to America? Cover up the lies? The evidence is clear.

Today, a harsh lesson from history, facts and a warning. Listen closely America. It’s already happening again. The collective Reaganomics Brain has gone from crash to cover-up to comeback kid to capitalism-for-the-super-rich in three short years. Now with absolute power over America.

But the worst is yet to come. The forces behind the 2008 crash are stronger today. Like the villain in a horror-flick sequel, the dark side is now hungrier. Phase 2 is already in full swing as the Reaganomics Brain aggressively races to complete unfinished business — the 2008 meltdown — which will implode Wall Street banks and the Fed, ending the reign of the dollar as the world’s reserve currency. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/the-2008-crash-isnt-over-only-covered-up-2011-03-08

[kenny blankenship]

1. Was their Reaganomics ideology so rigid, so blinding, they couldn’t admit they were wrong?

Well that's the thing about Reaganomics. If it isn't completely rigid and blind while asserting its own infallibility, it would lack at least half of its essential features. Reaganomics isn't just a set of propositions about capital and government, it's the way they are held in the mind. Reaganomics exists as an adjunct of fundamentalist religion, and even in some cases its total replacement.

[midnight]

2. K&R

[xchrom]

3. recommend

if it's all right with you -- i will x-post this in SMW.

[marmar]

4. Of course it is, xchrom

nt

[xchrom]

5. thank you. nt