Incredible! Japan is now in "the worst economic crisis in the postwar era" says the government's economics minister. And these are the people on whom Mr. Obama is betting the fate of our nation to finance his colossal borrow-and-spend "stimulus." Fat chance of that happening now.
We all ought to be really frightened and take some time to read the history of the late 1920s and the 1930s. People nowadays don't realize that Japan was a parliamentary democracy in the 1920s. Then the depression hit. The civilian government floundered; the military took over the government; Japan began a ten-year war in China; its aggressive foreign policies eventually led to conflict with the United States.
The world economy is crashing all around us. Things we used to think were safe, sound, and secure have cracked and crumbled. Nothing's normal any more. What happens when nations go bankrupt and families by the tens of millions are left destitute? History tells us the ugly tale of the 1930s the consequent catastrophe of the 1940s--world war. What has history got in store for us?
Read it here
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