Yesterday and today, for the first time in my life, I watched the mainstream media in order to understand what people, who are clearly INCAPABLE OF CRITICAL THINKING, allow CNN to brainwash them with. I was an experiment in tapping into the intellect of the average voter.
There are no BOOM AND BUST cycles anymore, at least not in the way you were taught that they NORMALLY BEHAVE. Traditionally, credit contracts, then profits shrink, the stock market falls, and personal income dries up last, as companies are forced to lay off people. The response is, therefore, pretty straightforward in those cases: the banks expand credit, profits grow, the market recovers, and income levels flow once more, as companies hire.
When I visited the Vatican Museum in Rome, I was fascinated with all of the maps depicting how the planet looks like, painted by all the great explorers. I can imagine it now; the Middle Ages’ MOST PROLIFIC adventurers, the defiant ones that risked everything in the name of the church and SAILED THE SEAS in order to find riches from afar, drawing these maps while being CERTAIN ABOUT their accuracy.