Moral Collapse Precedes Economic Collapse

This decayed society can't see that moral collapse is complete

The seed corn is now being eaten - the final stage of economic collapse.

The various "policy choices" made by today's thought dealers, under the auspice of specious academic theories, tell an unambiguous story of moral collapse and all-out desperation.
We're waiting for something that already happened...

"Time based Preference" aka. "Intra-generational theft"

If one were to conjure up one overarching specious academic "theme" to the Ponzinomic policies of this era it would be "time based consumption preference". Simply put, this means that every single policy, used and amplified since 2008, was aimed at pulling consumption forward from future generations to the present. This current set of generations burned through their income and savings on McMansions, tax cuts for the ultra-wealthy, shopping sprees, and military blunders and therefore turned to plundering all future generations.

The Consumption Oriented Lifestyle is Neither Scalable Nor Sustainable 

The average consumption drone sitting at home, may not fully comprehend what it means to max out their credit lines in a vain attempt to borrow their lifestyle to a permanent plateau, despite stagnant earnings and stagnant job prospects, however, our morally stunted thought dealers should comprehend what this all means. 

In aggregate, borrowing money for current consumption (versus investment) merely inflates current GDP at the expense of depressing future GDP due to debt service or if taken too far, implies bankruptcy. 

I won't even discuss the concept of printing money to buy stocks, the dumbest fucking idea in the history of mankind. That asinine idea speaks for itself and the extent of moral decay.  

Negative interest rates, now being applied in Europe, likewise true to theme, rewards current profligacy over saving. By penalizing saving, the ECB is disincentivizing investment in the economy. Still, these same Econo-dunces will wonder why there are no jobs. 

And of course this entire blog is an ongoing diatribe on mass outsourcing to amplify profits. Also known as eating the seed corn and/or generational liquidation sale.

All of the above specious and yet widely accepted policies encourage a "time based preference" for current consumption at the expense of future generations.

These are all deeply and profoundly immoral gimmicks, hence moral collapse is complete, and extreme economic/financial collapse is already well advanced. Whether they admit it or not.

I'm sure the Romans never viewed themselves as decadent either. "Business as usual".