Is this the last hurrah for the bear before the bull?
Fuck - I hope so.
Not that it has been completely bearish, but there hasn't been a lot of bull. Or perhaps, there has been too much bullshit, not enough charging bull. Most of the bullshit is just political nonsense where there is so much chum being thrown into the media, that the fish are already too fucking overwhelmed to even have a nibble. Not that the bait is edible - it is just trash thrown into the water so that no one else can go swimming.
Trump at the moment is goading Putin into becoming even more aggressive, which of course could backfire spectacularly in a mushroom cloud, but it is unlikely to be dropped in the US - So, he is willing to take the gamble. Fair enough I guess, since he has no love for anyone but his own reflection. Still, it is going to be interesting to see if Europe does start becoming more aggressive in the defence of its airspace, and starts sending troops into Ukraine. Sure, it would be World War III, but that might be what is necessary, because we didn't learn enough from WWII and WWI, which was considered the "Great War" until WWII arrived.
It won't take much to push the markets significantly up, just a little bit of global stability, just a whiff. But that seems to be a tall order in the current political hellscape that has been created to extract increasingly more from people, by driving their expectations of life ever lower. Soon, subsistence alone will be considered a good life. The bare minimum to survive and people will be grateful to their masters.
We are all losers in the current world.
You might not feel like a loser today, but the reality of society is that there is a point of maximum loser, where the weight of those struggling is so great, that it pulls everyone else down with it. As the rich get richer and the poor masses keep growing, it gets to a point of unsustainability, just like an aging population will reach when there aren't enough young to support them. And an economy will reach, when there aren't enough consumers.
They are going to have to generate and distribute some wealth somewhere, right?
Nah... Even if they realise that they are eating themselves into failure, they are too greedy to make any significant changes to the system they control. It is just more, more, more. Perhaps someone will come along and kick them in the guts like the glutton in the movie Seven. Except instead of spaghetti, wealth will slosh out onto the floor.
The lower our expectations get, the richer they become.
We should expect much more from life. And when I say "expect" I am not talking of entitled handouts, but real opportunity to generate wealth for ourselves, through a range of activities, and not get punished for it. Put a flat tax on all incomes including investment, take away corporate loopholes, have corporate tax paid in full in the country it was earned, and encourage people to work more, at many things, if they choose.
Reward the active more than the passive.
The thing is though, everyone dreams to live off doing nothing, but most don't have the ability to do that, so all it is, is a dream. For those that do have the ability though, they are able to keep expanding their earnings without doing anything, while the active will keep grinding away up an ever steeper hill, and always falling further behind.
The game is rigged.
At some point, we might wakeup like Neo in the Matrix and decide to not play the game anymore at all, and then the economy comes crashing down anyway. The benefit of doing it that way is, most people will be okay, but the very wealthy will find themselves with little of value at all, and no one willing to help them.
All we need to do is stop believing that we need their kind of wealth.
Taraz
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