With global stock markets at all time or multi-year highs as well as global real estate sky rocketing, it makes one wonder how this happened just over 4 years from a near melt down of the global economic system initiated by just some hundreds of billions of sub prime mortgages in the United States. The Gap between the rich and the poor has never been so high in world history, with wages for the middle class staying stagnant for decades after taking inflation into account as well as global poverty at record highs. How can this happen and has this happened before? The answer is in the roaring 20’s. Coincidentally with the release of the Gatsby movie earlier in the year (where the role was reprised by Leonardo DiCaprio) celebrities have never made so much money in their lives (often drunk as well as wastefully partying and spending their fortunes away), executives have never made so much more than the average employee, people are paying record amounts for mega mansions and high end luxury real estate and luxury vehicles or goods. The rich economy is prospering while the economy for the remaining majority average population is struggling. Sales at high end luxury producers like Porsche, Tiffany, Coach, Prada, etc. are soaring while regular retailers like Sears, JC Penney and even Walmart are struggling. The Federal Reserve, ironically founded 100 years ago, have replicated their loose monetary policies of the roaring 20’s this past decade allowing the global stock markets to be up in an unprecedented 10 out of the last 11 years. Will this end differently than how the Roaring 20’s? Probably not. Why would anyone intentionally create such imbalances? To help the elites get richer off the rest of the population knowing their are easy manipulated and distracted by lifestyle obsession. Here we go again….
Search
S | M | T | W | T | F | S |
---|---|---|---|---|---|---|
1 | 2 | |||||
3 | 4 | 5 | 6 | 7 | 8 | 9 |
10 | 11 | 12 | 13 | 14 | 15 | 16 |
17 | 18 | 19 | 20 | 21 | 22 | 23 |
24 | 25 | 26 | 27 | 28 | 29 | 30 |
Months
- January 2023
- December 2022
- November 2022
- August 2021
- October 2020
- August 2020
- June 2016
- March 2016
- January 2016
- August 2015
- June 2015
- February 2015
- December 2014
- September 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- November 2013
- September 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- November 2012
- September 2012
- July 2012
- June 2012
- May 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- October 2010
Blogroll
Recent Entries
- Should The Habs Trade for Anthony Mantha?
- Is Dr Anthony Fauci a Fraudster or Criminal?
- Jesus Was Not Born on December 25th?
- Should the Habs Trade for Maxime Comtois?
- What Caused Canada’s Housing Bubble?
- Is Canada Collapsing?
- Is the Catholic Church the Roman Empire?
- Should the Habs sign or Trade for Anthony Beauvillier?
- What is causing this stock market rally?
- Is Scotiabank About to Fail?