Unprecedented turmoil and destabilization today in dozens of countries and regions around the world should make anyone with vision shudder. But then of course it is not unprecedented in recent history and it appears to only be part of a larger pattern of global tyranny that is playing out. Couple this "unprecedented" disintegration of institutions and countries with what seems to be a paradox of affluence in many other countries leaves many cursory onlookers scratching their heads. Its hard to reconcile in a country like the U.S. with 107 million working age people NOT working but Porsche sales rising YOY. OR that over 60 million "affluent" Americans on food stamps and growing next to the big box crowded Friday night Red Lobsters. Of course lying beneath these so-called signs of affluence are many contradictions that are being ignored because THEY want you to ignore them.
A couple that managed to slug through the 2007-2008 collapse with significant debt and an underwater mortgage is now starting to take on even more debt as they purchase a new car for commuting to replace their ten year old Chevy with 160,000 miles. Their mortgage may be less but their debt is growing. Their savings instead of growing remains the same as it was in 2007....virtually zero. Just enough to make it to the next months as long as they BOTH retain their jobs. Of course they are part of the Friday night crowd at Red Lobster. Why not? Its been their behavior for almost twenty years of their marriage. They aren't on food stamps. They didn't lose their jobs like millions did during the last 5 years. So they have not changed their behavior one iota.
They watch 22 minutes of news every night at 5:30 during their evening meal and it portrays a "recovery"...and all is well with the stock market making all time new highs. So of course as Dr. Bernanke said many times in 2007....there is nothing to be alarmed about. CONfidence. Its what's for dinner tonight. I hope you digest your meal well.
Now while you are eating I want you to digest a sprinkling of CONdiments. They're ONE TRILLION this year that we are sprinkling on your CONfidence meal. The reason you need the CONdiments is the CONfidence meal has a 1.5 QUADRILLION hole its falling into and swallowing it faster than you can slurp the CONdiments. Those CONdiments are an illusion....but they "sure do taste good".....DON'T they!!