I'M GETTING A BAD FEELING THAT WE MAY BE SCREWED NO MATTER WHAT HAPPENS IN WASHINGTON, NEW YORK OR ANYWHERE ELSE...
RIGHT NOW...I THINK JUST GOING BACK TO THE BASIC ECONOMY IS THE ONLY WAY OUT...
THE BASIC ECONOMY "WORKS" BECAUSE EVERYDAY A BUNCH OF PEOPLE GET UP IN THE MORNING AND TRY TO DO SOMETHING, OR MAKE SOMETHING USEFUL...
NO DERIVATIVES, NO TRADING, NO FUTURES... JUST WORK...BY MILLIONS OF INDIVIDUALS...AND AT THE END OF THE DAY...HOPEFULLY THERE IS "SOMETHING" THERE THAT WAS NOT THERE WHEN THOSE PEOPLE GOT UP THAT MORNING... A GARDEN, A CLAY POT, A PYRAMID...?
NO MANIPULATION OF TRADES, NO PAPER MONEY...NO BULLSHIT...EXCEPT THE KIND THAT CAN FERTILIZE YOUR GARDEN.
THAT IS REALLY OUR FALL BACK POSITION...NOT THE WELFARE STATE...OR THE ASSET BUBBLES...
JUST GET UP IN THE MORNING AND DO SOMETHING PRODUCTIVE...
AND WHO KNOWS ...MAYBE IN 20 OR 30 YEARS...WE MAY BE READY TO SPECULATE IN ASSET BUBBLES AGAIN...
REMEMBER "SPECULATIONS" CAN ONLY HAPPEN IF THERE ARE SURPLUSES THAT THE ELITES CAN CONTROL...AND SPECULATE IN.
IF I GROW A CARROT AND I EAT A CARROT...THERE IS NO SURPLUS...
BUT IF I TAKE A BUSHEL OF CARROTS TO THE MARKET...SOONER OR LATER SOMEONE WILL START "TRADING" ON THAT FACT...WHETHER IT WILL OR IT WON'T HAPPEN...AND HOW MANY BUSHELS I'LL HAVE TO SELL.
RIGHT NOW THE USA IS DOUBLE DOG BROKE...BUSTED...AND CAN'T BE TRUSTED...
IN SHORT...WE DON'T HAVE ANYMORE CARROTS...JUST A BUNCH OF PAPER SPECULATIONS AND SPECULATORS.
GOT IT...?
SO NOW WHAT...?
