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overtheedge
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Witches Brew, Fingers of Instability - Part III - Ty Andros - traderview

"This is why the MIDDLE class is DEAD, robbed/destroyed by printing press and PROGRESSIVE SOCIALIST politics."

A bit simplistic and grossly incomplete.
#1 The American version of middle class is a new phenomena. Throughout history, the middle class were the merchants and producers. Working class was just that.
#2 You completely disregard the credit fueled buying orgies the middle class engaged in.
#3 Not one mention of the middle class forgetting to save for a rainy day.
#4 I might add that you missed the greatest reason of them all. The middle class voted for those politicians that supported the heist. The middle class supported the NIMBY movements.

Which brings us to:

"We are just waiting for people to WAKE UP?"

Do you presume that they aren't awake? Perhaps they are cognizant and fatalistic. If you are a dependent of the system, it is psychologically easy to trust the system to fix it. Does the employee normally worry about his employers cash flow problems beyond, "Will I get paid?"

Middle class? So far in debt for non-productive consumer goods, schooling, vehicles, real estate, etc., that they are effectively indentured servants of the system. We now return you to the working class.

Free choice demands personal responsibility. The American version of middle class had their chance and blew it.
Opportunity will come knocking again. Early entry into new opportunities can return grossly disproportionate ROIs.

Commented 4065 days ago

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Beginning of the headline :The smell of economic NAPALM is in the air as the central bank printing presses have allowed mispricing, malinvestments and market imbalances to mushroom to EXPLOSIVE levels. Now the money printing is set to slow and some of the insolvent can be expected to fall to their doom as the tide of money recedes. This has set the stage for a BLACK swan of unknown identity to set off the conflagration. The Black swans are too numerous to mention but we are going to identify a few of them in thi... Read More

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