You're actually a closet socialist, despising anyone who's made some money and threatening hell or high water to speculators or anyone you deem has capitalist tendencies.
Wrong.
I'm the ultimate capitalist.
- I'm for market forces and against Central Bank intervention to boost asset prices and create artificial 'wealth effects'.
- I'm pro-business & anti-corporatism and the corporate hijacking of political power and bail-ins and bail-outs.
- I'm against corporate socialism and 'too big too fail'. If you take a risk and lose, capitalism says you die. You don't get endlessly bailed out.
- I'm against the destruction of wealth via devaluation of currency. I'm against the wholesale capture of created credit inside inflated bubbles appearing in unproductive assets such as housing. I'm against mal-investment. I'm against Governments living outside their means and piling up debt & deficit spending.
- I'm against these hyper-elevated boom / bust cycles that have already caused one GFC and will lead to protracted misery for ordinary people.
I don't think you are a capitalist. You are just someone who has exploited a quirk of history. You've bought property in one era, and are able to sell in a post-capitalist era of immigration-to-suppress-wages, limitless credit creation, limitless money printing. Asset prices were deliberately inflated to bubble levels to create a 'wealth effect'. This is undisputed fact!!
Well done on your good fortune I guess, and I bet you hope you will get to realise all your paper gains!!
- Forums
- Commodities
- GOLD
- gold
gold, page-29545
-
-
- There are more pages in this discussion • 99,140 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)