we'd be out of this mess already. Instead "they" intervened and we will all suffer for so much long than we ever thought possible. Ask the Japanese how things are going for them - 20 years after their bubble burst and their market is still at its low!!!!!!!
At least, we might step forward from there by now. But, knowing we are at the top of the mother of the all the bubbles, nobody step ahead, not even a step forward till the reality sets in. I guess no serious commitment appear till then. What a waste of time and money they have done with people's tax moeny. Too pity !
In human affairs, it is virtually impossible for the 'right thing' to happen for the health of the society/civilization, from a point of view of balanced interests. That's history. Our path through endless contortions and much higher debt risks is a typical one.
It is simply the interaction of everyone operating in their own self-interest, which for the most part isn't much different from shaving silver and gold coins in the ancient and medieval world.
Don't worry, it will be much, much longer than 23 long Japanese years.
Watch the banks!
Of course, the problem continues to be the same one:
Abolish the FED and the problem will be solved.
Not going to happen, is it?
It is completely irrelevant who the President is.
Even without the White House and Congress the same would happen.
Watch the banks!
Greece, Rome, Spain, France, Germany, Great Britain - these Empires all fell because they got into serious debt because nstead of just protecting their interests with their military they got suckered into un-win-able wars at great expense. Sound familiar??????
if you had made money in a market that's gained ~15% over the last year, you would take credit.....but since you've lost money in a market that has gained ~15% over the last year, you blame 'they/them.'...........