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From my studies, much of Wall Street is built on a foundation of cards. Many of today’s money making instruments are simply paper shuffles. But eventually the paper shuffling has nowhere to go, ending up as a Ponzi scheme.
And though no one may believe the following, government mandated reporting requirements and statistical analysis have changed drastically in the last 7 years. Comparing today’s numbers against numbers from 10 years ago is a meaningless endeavor, except to hide the financial disaster that is already here. Things appear fairly stable, but that is only because the data is skewed.
If an administration comes into power in the next year that is not tied to the current Bush administration, they will be facing a crisis that they had no idea existed. As stated in the article, the current money making mantra is: squeeze any money out of any source, even if the source gets destroyed, because we will be covered by a bailout, and to hell with anyone else. The future is now and there is no accountability.
Today’s great problem solvers in Washington work in the following manner.
Problem: Cars are polluting too much. The pollution has reached 92% on the pollution index.
Solution: Increase the top limit of the pollution index. All of a sudden, pollution that was measured at a 92% rank (in relation to the top limit), is now at a 71% rank. Then pronounce how well pollution is being controlled by the forward looking administration.
