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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Hawkmoon who wrote (109760)3/21/2010 8:13:31 AM
From: DebtBomb24 Recommendations  Read Replies (2) of 116555
 
I don't know Hawk. Things are pretty screwed.
76% of Americans believe congress is broken.
When you reward losers, it takes away all incentives to be competent.
When you do bailouts, it takes away all incentives to be competitive.
Look at what's happening, see things with your own eyes. There's no longer any incentive to use imagination, invent, or be productive. Hard work doesn't pay. They'll just tax you to death and give it to a loser in the form of a bailout.
And, the more you put into the social security and medicare ponzi schemes, the more you'll feel ripped off.
Dreaming up new creative toxic financial ponzi schemes pays.
Look at the record wall street bonuses last year....for what?....blowing up the financial system?
It pays not to work either....unemployment benefits just keep getting extended.
It pays not to be responsible.
Don't pay your mortgage? Cool...just live in your house as a squatter....now you don't have to pay a mortgage any longer or rent.
AWESOME.
Think about all of the money that has been pissed away over the last 10 years....oh what could have been....we may have been able to create alternative energy by now and fixed all kinds of broken systems.
The system is completely broken and worthless, IMO. The whole system needs scrapped and revamped. Competent folks need to take over.
"The rest of the world is in the same predicament that we are." How do you think they got there? We pawned off SIV and CDO crap all over the planet, along with other ponzi financial instruments. China and Russia blame the U.S. for the financial crisis. Are they right? Maybe so.
Dr. Marc Faber said, ben and company will blow the whole world up.
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