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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: wlheatmoon who wrote (73279)11/2/1999 7:37:00 PM
From: Terry Whitman  Read Replies (4) of 86076
 
I'm on a roll- Stop me if you've heard this, but: I think that the whole stock market bubble may be a government conspiracy. No wait, don't laugh yet.

The senior population is exploding. More people retiring every day, and fewer are entering the work (i.e. tax paying) force.
Agreed? No? Have you tried to eat out lately?

How does the government keep these people working and paying taxes to support the ever growing senior population?

1) They create an asset bubble by lowering interest rates to unreasonably low levels, stimulating the economy, and creating dollars.

2) They hide the inflation by altering the formulas that inflation is figured with. This creates a nice 'spread' for them to collect between their actual monetary creation, and the money they have to pay out in entitlements. It buys them some time.

3) They get everyone fully invested in the stock market, homes, cars, and anything else that requires credit or savings. They basically allow anything (Banking reform, etc.) extending credit to anyone that can breathe.

4) Everyone has to work extra hard to pay off their loans.

5) The bubble eventually bursts- perhaps on the government's own order, and all the working folks lose their retirement savings.

6) All the little guys postpone retirement and keep working (and paying taxes). Problem solved.

Back to the glue bong...
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