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View Diary: Lamont in WSJ: The Democrats mean business (292 comments)

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  •  I became disenchanted forever with the WSJ (2+ / 0-)
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    javelina, Carbide Bit

    when I unpacked my grandparents' things from storage after my mother died. They were wrapped in the WSJ. My grandfather had been a bond trader, his father a commodity trader,and my grandfather had clients who went down on the Titanic. That's what bond traders did in those days, preserved the wealth of the wealthy. They do the same today so when interest rates climb who profits? Remember what I just said when rates start to go up because of inflation.

    These papers coming into my hands were dated in the 1930's. Early. 32-33-34-35 when things were really bad here and all over the world. So I looked at the stock market pages to see what stocks were doing then and read the op eds and editorials that were on those pages or close to them.

    Every fucking one of them was optimistic. Things were getting better. This stock was going up so it was getting recommended. There was nothing in them to suggest that we were irrevocably stuck in a quicksand of ever lowering prices and commodities, and not likely to come out of it. Nothing of the truth watever. So right then in the 1980's I realized that whatever was going on we were not going to get the truth from this paper. Especially if it were bad news.

    We only came out of it, even after the New Deal, was war after Pearl Harbor. Does this scenario sound familiar?

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