http://www.financialsense.com/editorials/daily/2003/0912a.htm
Ponzi Economy
by Kurt Richebacher
Contributor, The Daily Reckoning
September 12, 2003
The Daily Reckoning PRESENTS
Bullish sentiment is riding at 1987 levels; tech stocks are leading the way
in the reflation rally. What can we say
Still, the fact is that the working class in the USA
(if employed) can produce a hell of lot more wealth
than ever could before. The capitalist class just has
to find places to unload it. One of those places is,
of course, the credit cards which the working class
possess.
Mike B)
--- joanna
It can produce wealth, but mostly what it produces, having no choice in
the matter, is crap. The tragedy of it is that they then trade their
lives in for a load of crap.
Joanna
Mike Ballard wrote:
Still, the fact is that the working class in the USA
(if employed) can produce a hell of lot more
Choice not crap: a good slogan for the next BLANK
march. Trading their hours for a handful of dimes (to
paraphrase Jim Morrison) is part and parcel of TINA
mentality. Tiny is as tiny does, Frank Zappa sang.
Cheers and beers,
Mike B)
--- joanna bujes [EMAIL PROTECTED] wrote:
It can produce
