Subj : Re: Testing the waters
To   : Dumas Walker
From : Boraxman
Date : Mon Dec 12 2022 23:04:00

-=> Dumas Walker wrote to NIGHTFOX <=-

 > The recession was already starting to happen before Obama took office.  I
 DW> eme
 > er hearing about it soon before George W Bush was about to leave office, and

 > re was an interview with him where he said "Why did this have to happen on
my
 > tch?"

 DW> It actually started with the dot.com boom/crash before Bush took
 DW> office, as well as the housing market crash, the roots of which were
 DW> taking hold before Bush took office, although it seemed to be going
 DW> unnoticed by most.

 DW> There was a docu-drama, and docu-series, about the dot.com boom/bust
 DW> sometime during the last 4-5 years that notes the link between the
 DW> dot.com crash, the housing market crash, and several other recession
 DW> causing incidents that it either triggered or made worse.

 DW> The moral of the story was not to invest tons of money in companies
 DW> that do not actually produce anything.  Their stocks were over-inflated
 DW> by the excitement, and total lack of misunderstanding, of what the WWW
 DW> was going to be.

 DW> The people going crazy with crypto lately did not learn anything from
 DW> it.

The leaders of the Anglosphere during that time period were truly, truly awful.
 John Howard went along with that shoddy Iraq war, ruined the Australian
economy by making housing unaffordable for two whole generations of people.
Tony Blair was a cretinous nation destroying war criminal arse who hated his
own country and sought to replace it.  No wonder things went tits-up.

 
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