Perhaps in overvaluation, the current bubble is ranked 3rd, however, if you add Americas: $17.6 trillion national debt, $100+ trillion in unfunded liabilities, FEDs $4+ trillion bloated balance sheet, the US Bond bubble, ZERO interest rate policy, $1 trillion student loan guarantee bubble, the real estate bubble, $600 billion~ $1 trillion/yr budget deficits, the US$ currency bubble, $2 trillion/yr rules/regs compliance costs, etc., the bubble were in now dwarfs any bubble in human history... I dont know when this bubble will pop, but pop it will, and when it does, it will fall quickly into the biggest global financial collapse in human history. 100 years of leftist economic and social destruction, 80 years of insane Keynesian economics, 100 years of private-sector union extortion, 50 years of public-sector union extortion, explosive growth of Central government size/spending/market meddling, global fiat currencies since 1972, etc., have bankrupted the US and global economies. The ONLY solution to this mess is a return to a Libertarian form of governance: VERY small DECENTRALIZED governments that spend less than 10% of GDP, free markets, gold/silver backed currencies, elimination of central banks, adopt a non-interventionist foreign policy, ONE flat national consumption taxes and no corporate/no income/no withholding taxes, massive deregulation cutting rules/reg compliance costs 75%. If all the above Libertarian measures were accomplished after the imminent worldwide economic collapse, the US and the world economy could recover and lead to the 2nd Renaissance..... but alas... Regardless, an economic collapse is a necessary and unavoidable process to unwind all the economic carnage leftist governments have created over the past 100 years... There is NO WAY to avoid this; NONE.
Posted on: Fri, 18 Jul 2014 02:57:28 +0000
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