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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.88

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Dec 16 4:00 PM EST

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To: TobagoJack who wrote (95676)	10/20/2012 8:19:16 AM
From: elmatador	4 Recommendations Read Replies (1) of 218534

What happens when the means to pay for the state's cost runs out? Ask the US administration. It came to a point when the US no longer had the means to support its post WW II life style. Nixon reneges the gold standard. The printing to finance Vietnam war caused inflation. Oil prices quadrupled. Stagflation ensued. Late 70s as the time for the US readjust its life style to a much lower level of economic activity and taxes revenues. It was time to graciously go USSR way and retreat. Nope. They did not. Reagan came to awake the US from its torpor with "It is morning in America chant". Navy of 600 ships, Star War programs. How was this financed you may be asking by now. It started fleecing the rest fop the US itself and the rest of the world to support its life style. The American capitalist knowing the economy was no longer was feasible (pensions, reward for employees, taxes to support the social programs -the auto industry was poster child of that) they started cashing in on every company that could be tore apart and sold, and reneged on obligations. Mitt Romney's Bain Capital was doing exactly that. Consultancy companies (Boston Capital Group, McKinsey) exploded gathering the best brains to perform the machinations of extracting value of America's economic infrastructure for the benefit of a few. The money started flowing from workers pockets to capitalists pockets and that has been the case for the past 3 decades. What happened when finance starts being the king? That is next.

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