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| Economy |
| Spengler on "everybody knows" |
| 2011-10-10 |
| America is the land of opportunity, and never before the great housing bubble has a Ponzi scheme drawn such a wide base of support and benefited so many people. This was the most democratic scam in history, and if you got in on the first half of it, youÂ’re still better off. The big losers were not homeowners, but the bankers. A quick look at the numbers shows how misinformed are the protesters running around Wall Street. Instead of picketing the bankers, they should pair off and picket each other. I ran through the numbers recently in an Asia Times Online essay. HereÂ’s the story of the PeopleÂ’s Ponzi scheme in a nutshell: |
| Posted by:g(r)omgoru |
| #2 Everybody knows that the dice are loaded Everybody rolls with their fingers crossed Everybody knows that the war is over Everybody knows the good guys lost Everybody knows the fight was fixed The poor stay poor, the rich get rich That's how it goes Everybody knows Oh well, what does Leonard know? he's Canadian. |
| Posted by: Eric Jablow 2011-10-10 21:48 |
| #1 But if everybody knows, then why do they pretend they care? |
| Posted by: Pollyandrew 2011-10-10 19:33 |