Hiding from ones problems never makes that problem disappear and all the politicians promises, all the borrowed Chinese money they are shoving down our throats and all the soothing from the likes of Warren Buffett, market commentators and others in the investing industry are just a thin veneer of the reality underneath.That reality is that we are in the midst of a global economic crises and nobody knows how and when it will end but we do know it is not going to be a fairytale ending.
Most of the globe has had two decades of unprecedented economic growth pre 2008 and if we learn anything from history we know that there is always an economic fallout at least equal to the economic prosperity before it.
The minutiae surrounding the 2008 crash might be different but our current economic crises is because of the same old things that have caused every other recession/depression/economic tragedy; greed, fear and stupidity.
The decade of unprecedented prosperity of the 1920s and Wall Street crash of 1929 and subsequent Great Depression, only ended a few years after World War Two. A good (well bad really) 20 years of economic malaise.
What the hell makes some people think that the fallout from the 2008 economic crash is going to be largely avoided or ameliorated by politicians meddling with the inevitable? Politicians with socialist intentions like Bill Clinton are the reason why we are facing this mess in the first place.
By my humble calculations - and this is just an educated guess - we have at least 10 more years of economic trouble and uncertainty ahead of us, depending of course on what dopey politicians try to do to "fix" the problem.
All the posturing by our leaders, the pouting by greedy socialists who have spent too much in Greece, Italy, Spain, Portugal , Ireland and the hippie hangers-on at various Wall Street love-ins around the globe will make very little difference.
We have to accept the inevitable, allow it to happen and focus on the economic boom that will come after we pass this current recession/depression, whatever the hell you want to call it.
Stay tuned.
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