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Irregardless of your political ideologies there are two roots to this issue which the author of this blog post seems unaware of: 1 - Government policy 2 - Cent
by AJ007 13y ago
Irregardless of your political ideologies there are two roots to this issue which the author of this blog post seems unaware of:
1 - Government policy
2 - Central bank policy
Your 401k, pension fund, home, are all dependent on prices increasing in order for you to retire or be financial secure. It just happens that if you did really well with your investments someone who has more investments than you did even better.
If leverage is involved, not only do you fail to get a positive return on your investment you not only lose that asset but potentially everything else you have.
Some of this policy extends beyond government subsidized lending toward things that are very looked down upon by modern Western society such as colonialism and genocide.
As a civilized individual imagine yourself playing a computer game like Civilization. What strategies are you going to implement to grow bigger, get a better score, and continue playing the game?