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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
FACT OF LIFE...REALITY IS:

Economic STASIS and STAGNATION was bought after 2008 at the price of:

1. Monetizing Debt

2. The DOUBLING of FEDERAL DEBT.

There has been NO ECONOMIC recovery to speak of, especially when considering that what economic growth has occurred mirrors population increase. Then one has to consider that all that new money has to go somewhere? Equities and a RE recovery...(the FED bought nearly a trillion in mortgage backed securities). The alternative to FED action was rather bleak, and as stated better the devil you know than the one you don't.

Distortions in markets and economies eventually correct themselves. The greater the distortion the greater the stresses upon the system as the system tries to maintain an equilibrium. Eventually reality wins out and systems correct to regain equilibrium. Also the greater the distortion the quicker the snap back to equilibrium can occur. Equate it to the falling of a house of cards. War in this instance becomes a distinct possibility as well as a break in in the dam of confidence in the FED. As for the loss of confidence there are the seven phases of acceptance.

Trump becomes the HOPE of the outsider figure that can right the problems that the insiders are unable to correct. It was more or less preordained that he would fail. The dynamics of which have been enumerated previously.

REALITY CAN NOT BE DENIED.

Reality is that the Great post WW2 ERA of economic prosperity and plenty is over and the USA in particular is in a reversion to the mean of human history. Which is hallmarked by a small number of the very wealthy, a smallish MC and a large working poor class. Unfortunately the Great Enlightenment is over as human natures propensity for barbarity and intolerance (of other peoples views) takes precedence in time of stress. . Liberalism has the requisite blind adherence to an ideology that drowns out rationality. As many are now finding Liberalism is the new face of FASCISM with their growing hysterical intolerance. .
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Old 09-03-2017, 04:22 PM
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