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Platinoid
Member since May 2012
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has posted a comment on the article :

The End of Pretend

- James Howard Kunstler -

"The dislocations of 2008 when the banking system nearly imploded were Nature’s way of telling us that dishonesty has consequences"

Really?

"Banking System?"

SchadenKunstler is referring to the fact that "asset-backed-securities" were failing.

The products of Freddy Mac-and-Cheese and Fanny-Paddy-Whack-if-you-Mae.

Let's just give everyone a free mortgage. That's honest, right, errr,,,,Donny Boy?
Awe, awe, you got one of those, and you couldn't pay it back, right, pal?

Dishonesty, alright.

SchadenKunstler.

SchadenKunstler.

-Plat

PS: "You can keep your doctor, period."

Commented 3765 days ago

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Beginning of the headline :If being wealthy was the same as pretending to be wealthy then people who care about reality would have a little less to complain about. But pretending is a poor way for a society to negotiate its way through history. It makes for accumulating distortions which eventually undermine the society’s ability to function, especially when the pretending is about money, which is society’s operating system. The distortion that even simple people care about is that the gap between the rich and the po... Read More

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