Yeah it’s pretty scary.
Loaded up and on the way.
“Dolla dolla bill ya’ll…”
Or is it yen yen ya’ll?
No matter, the helicopters are in the air over Tokyo and currency is about to fall from the sky.
Watch military spending in Japan ramp up. This ought to work. We promise. This time. It’s gonna happen.
This is from 2011 when the wounds of the Crash were still fresh.
Now we’ve been conditioned. Time has passed and the banks want you to forget what happened and the dull economic pain which still dogs the world.*
We at ACC will never forget.
At the end of this video is a very short ad for someone who was running for Congress. We do not endorse candidates ever. We don’t know who this person is.
Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.
People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.
And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.
I was listening to Bloomberg this morning in the car and this kind of number was certainly not on the table for the economists and money managers they had on for the breakfast show. (At least the ones I heard.)
38,000 huh? And these numbers of late have been particularly subject to downward revision over time. This is a significant blow and may put a lot of the economic world back on the heightened state of alert we saw at the beginning of the year as stocks dipped seriously.
Well, some people want the US to be more like Europe. So congrats. In Italy for instance it’s perfectly natural for 30 year old Giuseppe to live off of his parents. That’s the expectation in many cases and it is a reflection not only of a culture but of a poorer society and a less dynamic middle class.
That our president has promoted the below kind of post adolescent adolescence isn’t helpful either.
(From Pew Research)
This goes nicely with the previous post.
People are waking up. They are using the information at their disposal. Do not take this information for granted.
The prime mover of crony capitalism is the Federal Reserve system.
I added the question mark to the headline.
I have to say that we do some pretty stupid things. We vote for people who take away our rights, who lie straight faced to us. We continue to prop a banking system which plays us for, well, idiots. We continue to let a political class act as it wishes even as it gives the rest of America the finger. We allow wars to be waged in distant places at great cost to life,
Hunter Lewis is my partner at Against Crony Capitalism and he is someone everyone who cares about the issue of crony capitalism, Left, Right, up, down, whatever, should listen to and read. Attached is a recent interview that he did on the subject. I think you will find it very worthwhile. Enjoy.
Carl Icahn sees rough waters ahead but he plans to capitalize on them.
As I look out the window and see a half completed house across the street that the neighborhood didn’t want I am reminded that real estate guys are debt fiends by nature. (At least that has been my experience.)