Wednesday, September 20, 2017

Beware The All Knowing Idiocracy

Bailouts, economic deflation, Ponzi borrowing, and printing money are the secrets to effortless wealth. But don't take my word for it. Just ask the prime beneficiaries:

"Step aside, pessimists. The only way is up for U.S. stocks"

It's sadly ironic and yet by no means a coincidence that this year both the stock market and the U.S. Federal debt both reached $20 trillion at the exact same time. Because without ongoing ponzi borrowing this charade would have ended a long time ago. 

U.S. total market index / Federal debt:

"The income inequality in the United States, according to the Gini coefficient (a measure of inequality where 0 is perfectly equal and 1 is perfectly unequal) is about 0.45, which is awful—worse than Iran"

And to think that it only took eight years to raise interest rates to the same level they were at during the worst part of the prior recession:

Which is reason enough for extreme optimism in the face of economic collapse...

This is the root cause of the problem - ubiquitous "well-educated" dullards believe that a sound economy consists of supply and debt versus supply and demand:

"Consumption inequality hasn’t grown as much as income inequality"

In other words, as long as jobless consumers keep borrowing they can pretend that inequality isn't as bad as it really is. 

Until the end of the cycle when they realize all over again that they are indentured servants enslaved to serial psychopaths. The lucky few who went to the top schools not to learn how to be more intelligent in the absolute sense, but how to become a more effective sociopath in the relative sense. Always ensuring that someone else is doing the heavy lifting.

Trump at the U.N.:
"The Iranian government masks a corrupt dictatorship behind the false guise of a democracy. It has turned a wealthy country, with a rich history and culture, into an economically depleted rogue state whose chief exports are violence, bloodshed, and chaos"

And dammit, if it's one thing we hate it's competition