The more one watches business news on the boob tube one gets the impression that there are so many people in America that have the midus touch. Every thing that they touch turns to gold. There is even a suggestion that a company isn't worth a dam unless it's profits this quarter aren't greater then they were last year at this time.
Now I'm going to look into my crystal ball and proclaim that all those who think they have the midus touch and every thing they touch turns into gold are in great trouble, for the gold that they think they are creating is really fools gold. Unless there is greater income for all, most if not all companies in America and the world are in trouble.
Simple economics will tell you that if there isn't enough people with enough money to buy products and even the bare necessities, businesses collapse even if that business is a farm that can't sell it's produce, it's not going to be around for too long.
Now I'm thinking that if there are fewer products to buy, what's the use of having all that gold (money) if there's nothing to buy. Kind of like that fabled king of old called Midus.
Now this blog may not make any sense to everybody but it's a warning of the possibility of a depression that isn't with the collapse of the banking system.
Thursday, May 1, 2014
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