Originally posted by cpdaman
read this guy.....here's his last
thanks for the read link, will keep it on a weekly read schedule.
the overall Financial Collapse will be more of a shift than a collapse,
in the bigger picture, the NYSE & NASDAC, are going to be relegated to a inferior status... while the several Quadrillion 'Derivatives Markets' will gain the Alpha role in a hybrid economic system.
we commoners & serfs will abide in the coinage economy, while the Coprorate owners of the homeland (us congress) operate in a strateosphere of finance, which trickles down to fund some commerce activity for the commoners.
the trends are already here....
the high flying banker/broker/economist elites>
the transition class>
the bargain/barter/coinage class
it is no longer wise to be nostalgic for a Mayberry RFD economy or world,
the baser instincts of business men have taken capitalism from being once a solidarity movement of unity (at least in WASP America) to being a dangerous place... one must adapt to survive the assaults by 10s-of-thousands of self interested parties, some of which are loosely banded together for the prospect of gain... but remember there is no-honor-among-thieves... so all these oligarchs and preditatory capitalists will destroy themselves....
the first salvo being the restructuring of business ethics & market manipulations that go against the national interest and strategic necessity.
but that should take another decade for that to gain a contingency with enough power to thwart the sociopaths in power today.