Are We Fairy Fools In Fantasyland?
In WW2, the world essentially blew up and as the last one standing....we became defacto manufacturer to the world....allowing us to repay debts incurred fighting the war. It was a pretty good return on investment.
However, based on the Foolish responses, appears few are willing to fight the world to maintain our current economy so we can contine to consume massively without producing very much.....war and fighting is production. If you don't believe me...google "military keynesianism."
Yet we fantasize that government can keep spending massive amounts of money while tax receipts are evaporating due to bankers cutting off credit to the private sector?
For the past ten years...private wages in America have remained flat, and in many cases decreased....as Government and Wall Street salaries have increased dramatically....and the strange part is both government and Wall Street are insolvent.
Government and Wall Street has been slowly starving the private sector and elderly over the past ten years by increasing taxes, interest rates, costs of goods.....against falling wages.....
Yet many Fariy Fools think our Insolvent Government can keep spending trilions of dollars it doesn't have to maintain the current illusion while more and more American's suffer and more bankers get rich?
Keep fantasizing Fools.....a lot of people are getting very mad......unless we restructure soon.
Welcome to the Digital Age...it will be exciting.