"News that's not known, or not known enough."
Helen & Harry Highwater's cranky weblog of news and opinion.
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"News that's not known, or not known enough." Helen & Harry Highwater's cranky weblog of news and opinion. |
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No-one wants Monopoly money in real life
The Fed knows, as does everyone else on Wall Street, that not only is the party nearly over, but there is a chance the building will be condemned as well. They are playing Monopoly without buildings or properties and very little money, trying to con the guy next to them and hoping no-one finds out what is really going on. Problem is that people are now leaving the game and the other players holding the bag. So the "dealer" (The Fed) steps in to try and keep the game going. But the game is over and has been for quite some time. True growth has been flat for years. There are no more industrial fortunes to be made and no-one wants the Monopoly money any more. Only the con artists remain, trying to con each other and anyone else stupid enough to listen and try to join their "game".
Don't you just love it. And not just there, here in "affluent" Winter Park Fl. as well. The upper middle class wanting to live like the elites and going in hock to their respective eyeballs to do it. No sympathy from me. "Little Boxes on the hillside Little Boxes filled with macramé Little Boxes on the hillside Little Boxes all the same And the women all wear over-alls And grow organic vegetables And their jewelry comes from Pakistan And it all looks just the same Little Boxes on the hillside Little Boxes make of Ticky Tacky Little Boxes in foreclosure now Little Boxes on the hillside And there empty just the same"
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