Easy Money…. Speculation….. And Fraud.
You can’t have a bubble without them.
But when it all collapses under the weight of its lies, the aftermath is lot less fun than the run up.
Fortunes are lost.
Lives are ruined.
The over leveraged system falls apart. The center cannot hold.
And when it all begins to come crashing down, we get the greatest lesson of them all—-The Free Market Doesn’t Exist.
The Bail Out isn’t for you silly. It’s for the big boys. We are no better than a banana republic.
Here’s a great video on the topic.
