My Silly Spoiled Rotten Sheep
As you sit there grazing in the fields with your heads in your neighboring sheeps backside...the bankers continue to infect our investment accounts, retirement accounts, and pension plans with more and more debt.
We are increasing debt massively while tax receipts are declining, sales are flat, and productivity gains can be measured on one hand....if they can even be mearured.
Which leads us to Lession #4.
INCREASINIG DEBT WITHOUT REAL GROWTH IS NO DIFFERENT THAN DRAINING EQUITY.
If you don't believe me, just ask anyone who took out home equity loans in the past five or ten years.
My silly sheep, America is now borrowing and spending about $5 trillion dollars per year publicly and privately simply to maintain the illusion of an economy.
This borrowing is the primary reason we have such a high standard of living....and we are able to borrow not because of China lending it to us...but because we are lending it to each other through our pension plans/investment accounts, and retirement accounts.
If we didn't borrow this money from each other, our economy would quickly contract and fall into shambles in a very short period of time. The only difference between the illusion of prosperity and the worst depression America has faced is our continuing to borrow and spend trillions of dollars from each other every year.
Anyone receiving a pension right now is simply the beneficiary of a Ponzi Economy....but as you see in Greece, Spain, and Portugal...and now California, New York, Illinois, and New Jersey.....time is running out.
Just like in Brown v. Board of Education....Justice Marshall argued you can't have seperate but equal schools...in a global economy, you can't have sepreate but equal nations and rules.
Welcome to Marshall Law and the Digital Age.....it will be exciting as the spoiled realize they are nothing more than sheep.
You silly spoiled rotton sheep...you think you should have a better standard of lliving than the rest of the world when you really produce nothing....other than maybe a few bombs and telelvision shows?
Any by the way...in a sheep world.....until you realize we are all sheep.....just keep telling yourself...........honestly, I thought I was just being pushed over the fence as you grab your ankles and enjoy that pressure from behind.