Wednesday, February 4, 2015

Corporatism is Not Capitalism.

1 comment:

  1. Corporatism = Fascism.

    Fascism is antithetical to true free markets based on a legitimate price system, free of manipulation and arbitrary regulation. Prices need to reflect supply and demand, not political considerations or financialization. It certainly can't exist with a central bank price-fixing interest rates and buying assets with debt monetization. Eventually the charade will end and the market will reassert itself.

    The correction that awaits will be shocking in its suddenness. Paper wealth will vanish overnight. A lot of foolish people will wake up one fine morning and realize they are busted. This is not conjecture, it's simple math. Prepare accordingly.