China's Cunning Plan to Destroy the US Dollar (Jesse)

 

Guest Post: Mass Delusion - American Style

Submitted by Tyler Durden on 08/15/2010 10:09 -0500
The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the vast majority of Americans act like a herd of cattle or a horde of lemmings. Throughout history there have been many instances of mass delusion. They include the South Sea Company bubble, Mississippi Company bubble, Dutch Tulip bubble, and Salem witch trials. It appears that mass delusion has replaced baseball as the national past-time in America. In the space of the last 15 years the American public have fallen for the three whopper delusions:

1. Buy stocks for the long run
2. Homes are always a great investment
3. Globalization will benefit all Americans

Where is our Leadership? (Lee Iacocca)

The Quiet Coup (Johnson) or as I call it, "The Enemy Within"

AIG Bailout Scandal (The Nation)

FRAUD (All over the place) and No One held Accountable!

Our Own Worst Enemy (A failure to Deliver the truth and more)

 

Taleb Says Government Bonds to Collapse, Avoid Stocks.


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Debts Rise, and Go Unpaid, as Bust Erodes Home Equity


Quarter of Russian crops lost in drought, Medvedev says


Markets Dive As Depression Fears Grow


Tons of gold imports turn to dust on arrival