Have any of you any idea what will happen if economic meltdown and complete panic ensues? Everyone will be reset to zero --- including the filthy rich, which will have to start working for a living, unless they are heavily invested in real estate, manufacturing... chaos and financial meltdown has it's benefits - and the weaknesses lies in the moments of fear, shock, panic... A nice idea, though --- too bad it's being used AGAINST nations and the populations.
"Necessary capitalism constructive deconstruction"... Anyone believe in that? Or is it just bullshit - a forced cycle?
If we had "true" capitalism... That is, strong businesses would prosper and weak would die. What's the differential between "strong" and "weak"? It's the ability to pay the "cost of carry". Think back 30 years... passbook savings paid 5.25%, and we though that was LOUSY. T-Bills paid about 6%, and T-Bonds about 8-8.5%... that was the "cost of carry"... and savers could make a little bit by holding money in banks and owning bonds. Since, however, we've entered the era of "Gummint and Fed.. up everybody's ass, 24/7, in an attempt to promote faster growth than the population can support"... all political objectives and ALL economically destructive in the long run.
Free capitalism and markets are sustainable - because we bring everyone else along on the growth - to varying degrees of course... The forced "constructive deconstruction" is different, it is for imposing total and corruptive control while under disarray. People's "integrity" is a sad thing... after being indoctrinated.
There can be no doubt that we are seeing signs of capitulation in the markets now... so maybe we can see some bottoming out in the near future, but only of the panic - as protracted recession is ensured. Regulation changes will not take effect yet, but we can start seeing the winners emerging - those who got in control quickly... and are setting the rules of the game, shotgun acquisitions and strong meddling hands in the markets. Bah!