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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I don't get it..why you folks don't internalize that that you have nothing..your balance sheets, portfolios, pensions, RE may look fantastic...but when the govt and FED are doing what they are doing granted to keep the lights on ...all that dough you got is worthless..it is Alice In Wonderland..looney tunes time.
While you have lived the good life as a consequence of the fiscal and monetary manipulations over the decades. But it comes at the expense of sustainability, where your children's and grandchildren's future has been robbed. Sooner or later all bubbles deflate..the day arrived when Bernie Madoff' s clients had a reckoning..and so will the Global economy.
Your children at some level know this and it causes a nilhiism a sense of despair. Where they will turn to socialism as a false means to redress the situation. They will turn to a false hope because they can only see the possibilities available under the aegis of the current structure. In the end socialism will be a failure.
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