Markets and governments have there head in the sand when it comes to the financial state of the world economy. Many people with an entitlement attitude are protesting and demanding benefits and entitlements. They are demanding that those with more give up some to those with less. They don’t realize they are demanding labor that they are unwilling to perform. For those of you who know me, you know that I define money as labor. Currencies must represent labor performed or it is just smoke and mirrors. Entitlement activist are demanding paper money but don’t have a clue to the fact that if that piece of paper doesn’t represent something produced, it has no value.
The fact is, more and more people want more than the equivalent of what they produce. Just apply a little common sense to what that means for the future if more is given than what is earned.
THERE’S A BIG TRAIN WRECK COMING!