Obviously, the Great Depression ended the day Hirohito and Togo created a DESPERATE need for 15,000,000 low paid workers. I don't think we can caount on that again. The next time such a need is created it will be due to the elimination of many of these workers in a vaporization.
I believe most of the bazillions of dollars wiped out in the last coupld of months had little to do with real wealth. I believe it was the bursting of an artificial bubble. Since it was artificial, the bursting was inevitable. The question was: when?
I believe recreating this artificial wealth, or any part of it using some "float" mechanism is insane. We have to ask if our ponzi scheme leaders are any different than one Mr. Madoff?
I believe most of the bazillions of dollars wiped out in the last coupld of months had little to do with real wealth. I believe it was the bursting of an artificial bubble. Since it was artificial, the bursting was inevitable. The question was: when?
I think you would greatly enjoy this article by Karl Denninger. Mr. Denninger also posts the chart below, that provides some of the answers you seek.
We have to ask if our ponzi scheme leaders are any different than one Mr. Madoff?
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They really are different! They waste far more money and they lie more!