How much energy, water and food will the “money” created out of thin air in the future buy?
Needless to say, few are expecting bubble symmetry to manifest now, because, well, of course, “this time it’s different.” Indeed. It’s always different and yet always the same, too.
So babble on, Babble-On 7; it won’t change anything. The forces in motion are like tides, and you can’t talk the tide into reversing.
This madness is now global, so next up: global depression.
America’s financial system is nothing more than a toxic waste dump of speculation, fraud, collusion, corruption and rampant profiteering.
Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of our attention and study.
Why would anyone sell when further gains are guaranteed? Because the gains are unreal but the losses are real.
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability.
Our Nobility’s assessment of risk and their war-gaming of vulnerabilitiesare fatally deficient.