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>Are Bubbles Caused by Psychological Problems?  - Frank Shostak - 
Gosh:
Does a human psychological problem cause "Bubble Brain?"

-you bet, here's an example:

"you owe me your wages"
"you owe me a living"
"you worked harder than me, but you owe me what you earned"
"top up my pension with your hard earned retirement savings"
"pay for my birth control"
"pay my rent"
"pay for my education"
"pay for my ________"

"However, there is a distinct difference between economics and psychology."
You talk about 'introducing psychology into economics" as if "choice" was
never a psychological-economic phenomenon? - funny, I've never met anyone, of any political stripe,
that thought they should 'pay' their school grades,
elementary, middle school, high school, college, or university,
to other classmates, to alleviate "school-assesment-inequality"

I prefer the idea that 'choosing' for my own benefit is indeed a healthy
psychological and economic decision.

Now we're at almost combined tax rate of 50% just at federal, state, and local.

Now we get to pay health-care too? Did I choose that? -No, politicians did.
Many politicians suck up to bubble-brains, promise them your hard-earned cash,
just to get re-elected....but you pay for that, wage slave.

"wage-slavery" or "denial of wages" is killin' folks like us,
how about the "entitlement bubble?" i.e., someone else is
fully entitled to what I earn(ed)?

Come on, do you want to pump up someone else's retirement fund
directly out of yours?

That's a "bubble" no one ever talks about. Example:
Detroit municipal labor union entitlements. Hey, those that were paying the
tab decided to leave town. I suggest anyone in their position to do the same.

Folks, the expectation bubble has burst, contract or fantasy aside,
the taxpayers left the district!

Yeh, psychological problems, inflated entitlement expectations, bubble brain thinking,
utter social destruction......a whole city destroyed by bubble brains like
Coleman Young, and that thinking is now headed to a city just like yours.

Look, if you see that bubble brain psychology where you live, do everyone a favor:
MOVE!

Let the bubble-brains figure out how to reward themselves after the wage-slaves leave town.

Bubble-Brain psychology.

Forget the Coleman Youngs, the Fancy-Panse-Losi's, the David Axle-Shafts, the
Barn-Door O'Trauma's.

Focus on a Dollar-Cost-Average program for you and you family.
Move to a non-depletionist state. Buy metal and control your
monthly outlays to avoid being whip-sawed by the market.
Build your physical metal collection.
Prepare for the locusts.

And - -most importantly - - shed your life of "Bubble-Brains"

Buy metal.





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3957 days ago
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Beginning of the headline :According to the popular way of thinking, bubbles are an important cause of economic recessions. The main question posed by experts is how one knows when a bubble is forming. It is held that if the central bankers knew the answer to this question they might be able to prevent bubble formations and thus prevent recessions. On this, at the World Economic Forum in Davos, Switzerland on January 27, 2010, Nobel Laureate in Economics Robert Shiller argued that bubbles could be diagnosed using the sa... Read More
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