It’s almost stunning how history repeats itself. As you study the great empires you get a flavor for their proverbial rise and fall.
There are the obvious, from Rome to the UK, and from Germany to America. However, a deeper study will show that many countries, not empires, that have been quietly taken over result in a complete change of culture and being.
Currently, the rise and fall, as well as the takeover, is being experienced by the U.S. During the 20th century, Russia, China, Japan, and Germany, just to name a few, saw periods of recession and depression that fostered and gave birth to movements that would change the world.
From Communism to Militarism, and Fascism to Nazism, the people were ready for something different.
But the fascinating aspect is those that led the new movement were often promising a return to the glories of the past, an all too familiar charade.
The common thread of takeover was for the middle and upper class to go into denial. How could a little paper-hanger be taken seriously in Germany?
After all, the civilized culture of art, music, and the inter-relationship between Jews and Christians had made the German culture one to be envied and admired.
The business acumen of the Chinese has been world renowned and the prosperity of this Asian form of capitalism could not be questioned, until it was, and a little known cultural leader named Mao enflamed a continent.
The similarities of both were that most people went about their business without speaking out, and firmly believing that “it can’t happen here.”
Now, it’s our turn.
MF Global steals clients’ money to support their lost sovereign debt trade, and Jon Corzine is not sure whether he will appear at a Congressional hearing.
Joe Biden shows up in Greece and announces that his travelling companion is from the U.S. Treasury carrying bags of money stolen from U.S. taxpayers.
Ben Bernanke and Tim Geithner encouraged the IMF to do more in Europe by stealing U.S. taxpayer money.
Senators and Congressmen look for ways to continue the payroll tax cut which is simply money stolen from the Social Security fund.
Steal, stealing, stolen.
This is happening every single day.
In asking the average middle-class person what is happening in the world, they will tell you Green Bay is still undefeated, home short sales are the way to go, and Christmas sales could be outstanding this year.
Oh, and Justin Bieber is really cute.
Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at email@example.com and on Twitter @tatroshow.