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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (1047)9/14/2018 1:35:31 AM
From: Elroy Jetson  Respond to of 13803
 
You could just as easily be describing wealthy people who grow up in racially segregated communities.

If they move out of their limited surroundings, they feel unhappy and equate happiness with the surroundings they were raised in.

Their so-called "culture" is the strong peer pressure they suffer to fit in.

When I ask about those who remained in the wealthy community I grew up in, afraid to move elsewhere to pursue opportunities, the vast majority are alcoholics.

People who have to stick with their own type to feel safe have underlying emotional problems.

It's the reason why fearful people like Trump supporters have to set up "safe spaces" where they're protected from people who might say things that disagree with their beliefs.

The most common reason they're open to populist nonsense from a con-artist in the first place is because they've been unsuccessful because they incapable of adapting to a changing economy and society.



To: elmatador who wrote (1047)9/14/2018 2:26:22 AM
From: Elroy Jetson1 Recommendation

Recommended By
gg cox

  Respond to of 13803
 
It reminds me of Obama's comments to a crowd of supporters in Cleveland on Thursday,

Even the folks who won don’t seem happy. — Have you noticed that? — Republicans won the presidency, the House and the Senate, but they’re still mad . . . . , which is interesting.

Obama said we're facing “forces of retrenchment and backlash and anger and those few media outlets that like to continue fanning their misdirected anger.

You will read quotes from Republicans saying, Wow, this is messed up, Well, why aren’t you doing something about it? Well, we can’t, because we really like these tax cuts for the wealthy. … So we’ll put up with crazy.’”

And what happened to all this concern about deficits? You weren’t concerned when you gave me a tax cut I didn’t need and didn’t ask for. None of this is conservative. This is not normal, what we’re seeing. It is radical."

It's as if we all live in 1950s Argentina now while Juan and Evita Peron drive the country into ruin with increasingly large import taxes coupled with ruinous deficit spending and no taxes on the wealthy.

As Obama noted, “That is an old playbook. It’s as old as time. But here’s the thing, in a healthy democracy, that playbook doesn’t work.