Monday, June 27, 2016

The Age of the Trusted Moron is Ending. Badly.

When proven morons are the "experts", collapse is merely a function of Kardashian episodes...

Collapse is inevitable for many reasons, mostly to do with 35 year failed trade policy, and the axiomatic debt accumulation that followed. Econ 101. However, an Idiocratic collapse in broad daylight can only occur if the lamestream media keeps rolling out the same proven morons over and over again.

Since Friday, the tool of choice has been Alan Greenspan, the four hundred year old former Federal Reserve Governor. His claim to fame was lowering interest rates to 1% in 2004 and then encouraging Subprime Adjustable Rate Mortgages just before raising interest rates 17 times in a row. He decimated anyone who took his advice. He also didn't see any of the malfeasance occurring on Wall Street that led to the Lehman collapse.

"Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity (myself especially) are in a state of shocked disbelief."

"Life is a box of chocolates, you never know what you're gonna get"

At some point don't we just say to the Greenspan's, Bernanke's, Summers', Krugman's et al. Thanks but we never want to hear from you con artists again.

It takes a true buffoon to trust proven morons over and over again.