03-01-2017, 06:11 PM
(03-01-2017, 04:57 PM)John J. Xenakis Wrote:(03-01-2017, 12:46 PM)Cynic Hero Wrote: > Government policy is destroying any desire by the populace to
> spend any money. People carry out economic activity to put food on
> THEIR tables and the endless rules set up by silent and boomer
> bureaucrats suck up any chances for profit for businesses and also
> cause prices and costs of living to be increasingly ruinously
> expensive.
No, that's not why the velocity of money has been falling.
Gen-Xers took financial engineering courses in the 1990s and learned
how to create synthetic securities. They used these skills in the
2000s to purposely create fraudulent synthetic sub-prime mortgage
backed securities. They sold tens of trillions of dollars of these
fraudulent securities to investors, thinking that they were screwing
their parents' generation, since they shared your hatred and contempt
for Silents and Boomers. This created the real estate bubble. When
the bubble crashed, and millions of people lost their homes or went
bankrupt, people stopped going further into debt. Instead, they paid
off their existing debts, and starting saving money instead of
spending it. That's why the velocity of money has been crashing, and
it's entirely the fault of Gen-Xers.
Ahem, stop being such a butterball John.
How about all of those Boomer Wars of Choice? What about the blood and treasure y'all Boomers wasted on that stuff.
And , I'm gonna do some victim blaming here as well 'cause y'all deserve some of that. So... what happened to the "if it's too good to be true, then it's a scam?" That means that if I'm to believe what you're writing on this subject, then ALL Silents and Boomers were such rubes. Surely not John? And of course not all X'ers were scammeisters.
---Value Added 
