Personally, I have tremendous respect for all who have served us in government. They are human too. They desire seeing growth in their own wealth and know that their actions dictate the direction of the US economy and position in the world. The problem is that most are so damn intelligent, they get caught up in a paradigm that does not allow them to see simple realities. We do this all the time as human beings. The reality they neglected to see, in simple terms, is that continuous growth is not reality. Couple that with a government that did not keep up with regulations to control the output and type of new financial products (ie: mortgage or credit card backed securities). Throw in a greedy banking system whose only interest is to make more and more money without concern for protecting the people (you and me who keep our money in their bank or buy their stock) that invested in them. A time bomb has been building for a long time and will take a long time to defuse. Hopefully, there won't be another. But guess what, they say the solution is to free up the banks to help them lend money again. I have to say it again....."lend money again". Do you think the new customers are going to be any better than the old ones? It's a vicious cycle and the reality is what goes up must eventually always come down. Like a sine wave, there are peaks and there are troughs. We happen to be in a trough as deep as an artisan well.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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