Economy

[Extra Point]

Since we don't produce and real goods anymore, our economy has tanked. Notice how all our production has been outsourced? How many side-bets can you make on financial instruments, wherein the root value is so far removed fromt the market in which these are traded?

The insurance industry is predicated solely on the growth in value of financial instruments, such as stocks, bonds, and treasury notes. Without a firm base of real goods (and buyers of them), the house of cards goes up in flames.

The Golden Rule: "He who holds the gold, makes the rules."

Don't believe me if you don't want. I only hold an econ degree and a minor in math. The bad news I got in my senior year of econ was that those who own outright the land which yields those real goods (oil, coal, grain, iron ore, etc) and extracts those goods, are the winners; attempting to make side bets on the intrinsic value assets (stocks, bonds, notes based on real goods' values) is a recipe for disaster.

Is this is the early 80's? Are the Kansas City Chiefs the barometer of the economy? Look at the positive relationship between the Chiefs W/L record and the Unemployment Index, Stock Market, and interest rate indices. (LOL)