"We were decoupled from reality, and then the brick wall appeared out of nowhere..."
Those of us NOT excited about monetizing our children, can now look forward to creating something sustainable, once the debris settles. In other words, taking "responsibility" - a concept that has absolutely zero meaning to desperate consumption-addicted zombies.
Another absolutely foreign word is "sustainability"...
Harvard psychopaths have invented every gimmick imaginable to keep this shit show running: Multi-decade trade deficits, Ponzi borrowing, bailing out serial psychopaths, currency manipulation, negative interest rates, buying stocks with printed money. If Bernie Madoff was at Harvard, he would be the President. But instead it's Larry Summers who said this in 2012 about the waning impact of never-ending Ponzi stimulus:
"With the past week’s dismal US jobs data, signs of increasing financial strain in Europe and discouraging news from China, the proposition that the global economy is returning to a path of healthy growth looks highly implausible...So, what is to be done? Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less."
You see, you become more creditworthy the more you borrow. We've been doing this all wrong. We're not borrowing too much, we're borrowing too little. But it took the President of Harvard to figure that out for us. Because none of us would think of that idea on our own.
Fortunately, all of this dumbfuck chicanery is coming to its predictable instantaneous "totally unforeseeable", Black Swan dive into pavement, ending.
