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Lessons from the Soviet Union and the Flight to Safety | Simon Mikhailovich
Hidden Forces
Is There a Confohence Game?
The world is in a confidence game, like burney madoff's clients thought they were rich for a couple of decades because they got a statement that showed some numbers on itright? And then one day it turned out they hadn't been rich in very long time. So what i'm saying is that i believe that the economic system that we have are being held out by confidence and not by substance. The baby boomers who are now retiring, and who are transitioning from being savers to being dissavers,. From contributing to the stock market every two weeks from their pay checks, to taking out of the stock market each month to pay their bills. They're not ready to take that man
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