Faced with the next crisis, the grease monkeys at central banks are going to do what everyone expects them to do. They’ll turn the screws on savers, harder than ever.
Capitalists are conscious. They always try to get the outcomes they want…and they don’t mind cheating — when they can get away with it.
Both outright socialists and capitalist reformers have more or less the same goal — to bang, bend, and bamboozle the world into a shape that is more pleasing to them.
Total satisfaction equals the real value of win-win deals minus win-lose deals.Our formula recognises that money isn’t everything. So, it focuses on satisfaction, rather than GDP or raw wealth.
Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital. Real money, in other words. The feds gave it fake money.
In a free (capitalist) system, some people will always work harder, get luckier, invest their time and money more wisely, and get richer.
Frankly, this whole story is pretty hard to believe…and with the rumour mill humming at maximum capacity, it’s hard to tell what’s true.