It seems that anyone who hasn’t bought into Wall Street’s direction over the last 1½ decade is emerging as a long-term systemic thinker. What we call in value-systems a Seventh Level thinker. In a confirmation of what I’ve been talking about in my presentations over the last three years, David Stockman, Reagan‘s budget director is warning of another housing bubble. See the interview here:
His description of what’s fueling the new bubble confirms my claims that enormous amounts of capital have remained in the hands of exploitative and unhealthy levels of the Strategic and Feudal Memes who continue to manipulate the only asset that doesn’t conform to the exploits of Wall Street. Sub-prime is back, along with predatory Wall Street banks that are still high on bailout money. Fed policies that have swallowed the toxicity of the entire sub-prime debacle and their continued policy of low interest rates give the impression that Main Street is well on its way to a recovery. In reality this couldn’t be any further from the truth. When first time and move-up buyers represent less then 50% of sales, rising home prices represent a fallacy manufactured on Wall Street designed to entice the consumer to spend. I call this phase the decay and entropy phase of the current expression of capitalism where tools from within the system only add to its toxicity that hastens its demise. In today’s economic reality we’ve learned to love the devil we know to avoid total economic collapse while we build a gradual transition to what’s next.