I remember like it was yesterday throughout 2008 the same talking heads would repeat there was "no recession" or "there was no threat of a stock market collapse" or "the banking system was safe". Now they say we we are recovering from just such events. They feel the need to repeat this "recovery" over and over and over as if repeating a lie somehow will make it a "truth". They even have the audacity to bring the SAME CREATURES from 2008 on air to repeat these statements today. There is no shame. There is only the truth. You either recognize the truth or you accept the lies. Unfortunately for most people accepting the lies has always been the path of least resistance and are doomed to repeat their history lesson.
Headline #1: “Most Americans Have Less than $1,000 in Savings”; Headline #2: People Saving Too Much is Now a Problem
Repeating history is always an interesting journey because one really does not know for certain what history one is doomed to repeat. Does the greatest financial fraud in history portend decades of pain and recovery due to the malinvestment and debt created? OR.......as most sheeple believe "just another recession and stock market scare and a couple of years of tough times"..............Then magically the Casino will be roaring again just as it did in 2009 when the Great Recession was magically declared over.
“The naive doesn’t see the danger until it is at his throat.” — Noam Chomsky
Now we are in to the abyss. 95 million working age Americans alone have STOPPED looking for work. 52% of ALL Americans are receiving Government money. Think of that.....and this is a "recovery" in a "healthy economy". Imagine if we hadn't recovered. And now the Primary Bear has begun and most of you don't even believe it, even though its happening right in front of you. Hundreds of SnP stocks are down over 20%. Many are down over 40% and you fall for the Indices heroin that we are only down "single digits". Many investors look at their own portfolios down over 20% and tell themselves "well I picked the wrong stocks" but they don't know the game. The game is to keep you in the Casino. No windows in the Casino keep you at the table as they pick the last flesh off your carcass. gl