Loading ...Once again the casino burnt down and the insurance company was on the 2nd floor.
But also once again the derivatives gambling junkies are covered by government and fiat currency magicians creating more debt, taxes and real asset valuation distortions.
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It use to be about 25% of the U.S. economy was FIRE (Finance, Insurance , Real Estate) that didn’t actually produce anything of actual physical value. They merely bought and sold, traded paper.
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You add in government and you are talking a 50% economy that produces nothing.
Your GDP is largely… hollow.
Half the nation is living paycheck to paycheck… they don’t have $1000 in savings, they are drowning in debt and taxes have robbed them blind. They have few assets and what they ‘have’ is indebted in fiat currency and interest/usury hustles that keep them poor.
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A $500,000 home and $40,000 cars… all in the currency of debt.
30, 60, 90 day stall in this type of ‘economy’ and it is…crash and burn with the derivatives/banker gambling junkies at the front of the bailout line… again.
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Congratulations America on revealing another part of your anti-Christ culture.