Feed me, Seymour, feed me. Buy low, sell high. Ride the slide, let others pay the piper.
Fears of catching a falling knife is what makes the game exciting. However, that's the emotional side of it. The analytical side reassures with structural facts and the knowledge that history rhymes.
It's been neary a century when paper currency was the value of the gold. We literally been using play money for decades. Well, it's not play money, as it has value, but it's value is the trust of the government. It's becoming more and more questionable in recent years. We avoid a depression because of merely saying money has value. The only way to pay back national debt, corporations and billionaires must be taxed. Taxing the poor to middle class can never pay it. Every second the national debt… See More
goes up by $70k. That's what middle class yearly income average is. So every 75 minutes, the national debt goes up by the income of everyone together in the USA. That's if everyone makes $70k average. It doesn't include anyone who are extemely wealthy. But, while that number is just hyperbole, it's a good example of how only taxing the middle class can never, ever, pay off the national debt. The interest alone exceeds the entire income of the middle class in the U.S.A.
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