Monday, June 19, 2017

The Pin to Pop the Mother of All Bubbles (MOAB)

Here's an excerpt from this article which spells things out about our economic circumstance:

"But, alas, prosperity cannot be printed out of thin air. All that can be accomplished by central bank slight of hand is a transfer of wealth. Central banks steal from the many to give to the few. They are the reverse Robin Hoods of our day. 

They also encourage everyone to steal from the future, which is what excessive borrowing really represents. It's future consumption taken today at the expense of tomorrow."
 
I don't really know what to say about this.... just read it and decide, based on what's being said here, for yourself.

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