― Joseph Conrad, Heart of Darkness
...the essence of aging - learning to embrace sophisticated self-deceptions that any child could impugn.
The 15 year widely embraced lie:
aka. Monetary Policy doing the exact opposite of what we're told it's doing:
If, as Monetary psychopaths tell us, low interest rates alleviate unemployment, then why has the employment-population ratio been falling for 15 years as interest rates fell from 7% to zero? And no it's not because 25 year olds are retiring early as the government wants us to believe.
Because it took three bubbles to finish the corporate outsourcing job that started with Reagan. The only thing left to go are the soon-to-be-bankrupt corporations. That comes next.