anonymous1...."The economy needs asset price increases as we live in an Inflationary Monetary System. Too late now. We are stuck with it. Its a Ponzi Scheme that will never end. Assets need to increase to support it."
apart from some claims simply not being exactly true (supply,serviceability...) for that ponzi to work you need to be able to service "ever-increasing prices" with "ever-increasing wages".
that ratio, at the moment is stretched like a rubber band and is itching to snap back to 'resting position of that same rubber band'(back to 3:1 or 4:1 whichever you prefer to call true long term ratio)
...so, as much as we can not deny that ponzi is happening ,what is going to 'keep' it happening, considering that we're not increasing 'our retail money piles' digitaly so we would be able to create OUR wealth out of thin air (like banks do) ?
after all we are the users,buyers and renters of the same ponzi product...and we seem to have less and less of whats needed to fuel 'the ponzi'...
