Every aspect of this fraud is self-inflicted. No one forced anyone to believe in these well-established con men...
The Roman Circus political diversion taking place right now in no way addresses the chasmic issues facing the U.S. today, much less to consider a root cause analysis. Non-stop campaigning by two sides fixated solely on gaining power leaves no time for problem resolution.
Going back three years to the 2016 election, investors were very skeptical about a continuation of the Obama/Clinton economic status quo. Trump fully capitalized on that disenfranchisement. He somehow convinced people that rampant corruption on a scale never before witnessed, would propel broad-based prosperity. And he succeeded in convincing the majority that his plan is working:
So well in fact, that the Baby Boomer generation is now over their skis on risk taking. Finally feeling confident that their savior has arrived and will usher them back to their 1950s Happy Days utopia. Which is what has bid the market up to insane valuations amid record global risk.
Misallocation of capital:
What is even more amazing at this parlous juncture, is that stimulus gimmicks aside, there is zero evidence of broad-based prosperity. This is truly the triumph of well-managed delusion over reality.
It's all just a stimulus driven sugar high. No more, no less.
It's all just a stimulus driven sugar high. No more, no less.
Backing out borrowed GDP, we see that the best news is in the rear view mirror.
Here we see U.S. stocks divided by Federal debt:
To successfully con that many people across all dimensions of society - economic, financial, political, media, academic, is truly shockingly sad and pathetic. A testament to how far down the rabbit hole we've descended since 2009.
The central bank Jedi Mind Trick has Ponzified every inch of this society.
We all have skin in this game now. If the deaths of despair carbon sequestration is high now, what does that portend when this Disney bubble ends? Ten years ago when the last bubble exploded, there was a "boom" in end-times preparations. People expected mass rioting and looting. Societal breakdown. Instead we got a Wall Street bailout and an attendant guarantee of far more criminality yet to come. The feared mayhem all may yet come to pass in some measure. But what we are witnessing right now is already societal breakdown. A total capitulation to corporate indentured servitude. The Pyrrhic triumph of Disney World over nature. The heaviest casualties will not be due to violence. They will be self-inflicted.
The term "zen" has many definitions - all quite similar. The familiar ones being meditation, mindfulness, inner peace, acceptance, gratitude. Another interpretation is that zen means "ultimate reality". Meaning that in every sense of the word zen is anathema to corporate values. The consumption-oriented external gratification lifestyle is inherently anti-zen. It's anti-reality. It's anti-satiety. Which is why it's claiming so many victims. They can't find inner peace. They are not seeking the truth, they are seeking emulation and assimilation.
What I am trying to say is that this will all be settled democratically, by consumer choice. As always.
Because what else are we owed beyond the inconvenient truth?
