Pssst. Buy bananas. In these uncertain financial times, buy bananas. I’ll explain shortly.
But first, a little history:
E. F. Hutton
S&L scandals, RTC
You get the picture. It’s stark. The biggest bailout in the history of the world is underway. Big government is coming to the rescue of big money. Greed seems to be its own reward. But pity the homeowner trying to avoid foreclosure. No help in sight.
Now, a look into the future:
For starters. airlines, automobile manufacturers, credit card companies. If the federal government can bail out the stock market, why not these companies too? Print some more money. China is happy to back us up.
That’s where bananas come in. The U. S. government is spinning around the edges of becoming a banana republic. The feds buy another banana every time they put another buck into saving big corporations from big mistakes. We are nationalizing private business at an alarming rate.
Buy bananas. While you still can.