ANYONE WHO THINKS THAT THE CURRENT CHAOS HAS SOMETHING TO DO WITH A GREEDY MIDDLE CLASS IN THE US OR EUROLAND...IS MISSING THE POINT...
AS FREE TRADE AND GLOBALISM EXPANDED...AND THE CENTRAL BANKS BECAME THE WHORES OF INTERNATIONAL CAPITAL...
THE WEST...AND THE US...WERE DOOMED...
INTERNATIONAL CAPITAL'S NEVERENDING QUEST FOR CHEAP LABOR WAS ALLOWED TO MOVE PRODUCTION TO ASIA...TOTALLY WITHOUT RESISTANCE...
INDEED WITH THE HELP OF THE CENTRAL BANKS...AND MOSTLY BY THE FED...
THE FED'S INITIAL NOTION WAS TO KEEP STOCKS HIGH...AND AMERICANS INVESTED IN 401KS... THIS WAS SUPPOSEDLY GOING TO MAKE US ALL RICH...
THE FALLACY WAS THAT WE CAN'T ALL BE RICH ON THE STOCK MARKET...
AS WAGES HAVE FALLEN FOR 30 YEARS...THE AMERICAN CONSUMER BECAME DEPENDENT ON DEBT AND ASSET INFLATION...NOT WAGES TO PAY HIS BILLS...
THAT WAS FINE FOR THE RICH...IN THE OLD INDUSTRIAL ECONOMY...BUT IT COULD NOT WORK ON A LARGE SCALE...
THAT COLLAPSE IN THE 401K PARADIGM IS WHAT IS HAPPENING NOW...
ALL ECONOMIES ARE LOCAL...AND GLOBALISM AND FREE TRADE BASED SOLELY ON CHEAP LABOR WAS A DISASTER...
AS FREE TRADE AND GLOBALISM EXPANDED...AND THE CENTRAL BANKS BECAME THE WHORES OF INTERNATIONAL CAPITAL...
THE WEST...AND THE US...WERE DOOMED...
INTERNATIONAL CAPITAL'S NEVERENDING QUEST FOR CHEAP LABOR WAS ALLOWED TO MOVE PRODUCTION TO ASIA...TOTALLY WITHOUT RESISTANCE...
INDEED WITH THE HELP OF THE CENTRAL BANKS...AND MOSTLY BY THE FED...
THE FED'S INITIAL NOTION WAS TO KEEP STOCKS HIGH...AND AMERICANS INVESTED IN 401KS... THIS WAS SUPPOSEDLY GOING TO MAKE US ALL RICH...
THE FALLACY WAS THAT WE CAN'T ALL BE RICH ON THE STOCK MARKET...
AS WAGES HAVE FALLEN FOR 30 YEARS...THE AMERICAN CONSUMER BECAME DEPENDENT ON DEBT AND ASSET INFLATION...NOT WAGES TO PAY HIS BILLS...
THAT WAS FINE FOR THE RICH...IN THE OLD INDUSTRIAL ECONOMY...BUT IT COULD NOT WORK ON A LARGE SCALE...
THAT COLLAPSE IN THE 401K PARADIGM IS WHAT IS HAPPENING NOW...
ALL ECONOMIES ARE LOCAL...AND GLOBALISM AND FREE TRADE BASED SOLELY ON CHEAP LABOR WAS A DISASTER...
