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I have said elsewhere and before that Bernanke and the Fed are like France and the Maginot Line. They are clearly fighting the last war and the world economy is doing a blitzkrieg around them.
The wealthy have lost control of the beast they have created and now it is going to eat them too, or at least some of them. Those who survive this may expect to become the next generation of masters but reality may be about to throw in several curve balls all at once.
"The greatest shortcoming of the human race is our inability to understand the exponential function." -- Dr. Albert Bartlett
Into the Grey Zone
I agree GreyZone. The sum of millions of short-term, self-interested decisions has resulted in a system that has been taken to its logical conclusion, and is now about to fail, as all Ponzi schemes do. There will be no controlling the chaotic unwinding proces IMO, and many of the erstwhile beneficiaries are likely to find themselves looked to as scapegoats when the recriminations begin.
Peak Plunder (peak booty?)
The "masters of the universe" have sucked the profit out of every possible situation around the world.
Then they sucked the FUTURE profit up too.
Thats it! Game over!
Don't know about you Souperman2 but I've never thought it was much of a game anyway, maybe we can do better next time. It still is a beautiful world though and maybe there will be something of it left if we get a big enough crash to kill capitalism corporatism and the 'work ethic', especially that last one.(dream on eh?) ... Maybe try imitating the lilies of the fields that next time.
BTW(for those who have spent their days with noses to the grindstone, that thing about lilies ends saying,...'neither do they spin nor do they toil, yet see how God has clad them.' or worthy words to that effect.)