xbacksideslider
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- Joined
- Aug 19, 2010
- Messages
- 1,962
The system runs on bullsh*t, and debt.
The bullsh*t will go on, but the debt cannot.
Slick
But it can, the debt can continue. The public is kept ignorant of the debt as cause of declining purchasing power.
Middle class homeowners are pacified; they think they are getting rich from rising real estate prices while they pay more for food and transportation.
Renters blame higher rents on landlords instead of taxation of their purchasing power by way of the government debt That devalues their wages. They too, of course, pay more for food and transport.
Then the lefty pols, led by Ivy League/lefty academic elites, prescribe more vote buying programs - free college etc- with yet more debt.