Deep Throat’s Advice in 1972 is Still Valid 40 Years Later:
Why Wall Street Fears the Ancient Law of Eminent Domain in 2012
If you are younger than 45, you will benefit from a refresher course in modern American history—Richard Nixon’s Watergate Scandal, the reason Nixon resigned his Presidency, the only U.S. President ever to resign.
Watch the 1976 movie “All the President’s Men”, starring Robert Redford and Dustin Hoffman. The anonymous informant, code named “Deep Throat”, who helped break Nixon’s Presidency, says:
Deep Throat: Follow the money.
Bob Woodward: What do you mean? Where?
Deep Throat: Oh, I can’t tell you that.
Bob Woodward: But you could tell me that.
Deep Throat: No, I have to do this my way. You tell me what you know, and I’ll confirm. I’ll keep you in the right direction if I can, but that’s all. Just… follow the money.
Flash forward to 2012. [Read more…]