The Joke About The Debt...and it is on all of us
Wall Street mathematically infected America with more debt than we citizens can ever pay back.....as there is OVER 5X the debt as there is money......and the only way to sustainably service the debt is issue more credit just like Madoff needed more investors to service his existing investors.
However, in 2006/7, Wall Street started cutting off America from credit and the debt started defaulting.....the businesses started cutting wages and firing workers.....and millions of families have lost homes and gone bankrupt.
All the while the famed value investor Buffett tells you things are recovering as he fires tens of thousands of workers and makes money playing derivitives while his partner tells you its over.
The implosion process is only accelerating as we have only purged a small fraction of the total debt and a greater and greater percentage of GDP is feebly trying to service an unsustainable debt burden.
You were warned about the zombulation effect of above and soon our schools, hospitals and governments would start shutting down including police and fire departments.....and now our schools, hospitals and governments are shutting down.......
as we bail out those that infected America with this massive debt and created this Ponzi Scheme in the first place............
There will be some point where the American people will wake up and figure out what is happening around them.....they will notice more and more stores vacant, more and more homes foreclosed, more and more friends without jobs....maybe they too will be jobless or sustain massive wage loss.
and when they learn that most of this debt actually makes up the vast majority of their retirement, investment, and life insurance accounts......how do you think they will react????????
Welcome the the BIGGEST Ponzi Scheme in history....
Why do you think so many corporate executives and politicians have been retiring or announcing their retirement recently????