This is a must watch video blog. It is very short, very complicated for everyone except the most sophisticated financial wizards, but extremely important for everyone to understand. The author is well informed and honest about gaps in his knowledge. Even if you dont fully understand the underlying facts about the mechanics in the first half of the video, stick with it to the end where he ties all the parts together…. his conclusions will shock you.
Don’t do this for me. Do it for your family. Watch it with your spouse. You will be closer to understanding why the stock market goes up when the economy is down. The game is fixed. The rich need more poor people so they can create more social programs. More social programs means more government debt. More government debt means more stock market growth. This is how the rich get wealthier and the poor get poorer.
If you are real smart; you’ll want to watch it twice.
As always; more government is not the cure …. it is the problem.