Yes, I agree it was all a house of cards. I was pointing out the absolute refusal of libs to acknowledge what was good in our lives. I once heard an NPR announcer say on the noon news: “The stock market hit a record 15000 points today, despite the stuggling economy”. People took and took and took and all they wanted was more.
That is the dark side of human nature, to party in the present, at expense of the future. That happens publically (nation debt, printing money) and privately, spending money we think we have we never earned(internet boom, housing boom equity) , partly because everyone else we know is. No one warns what 'has to happen' , 'how it must end', because the warning could hasten the crash. So each rally they are always new suckers that were not killed during the last crash and lured into the new bubble. We are always told 'this one is real'
Schiff hits on one thing, lowering interest rates to effectively negative to stimulate the economy through inflation and redistribution causes long term problems and promotes the WORST in us, that dark side. We keep on seeing these equity bubbles blow up over and over. Each time we are encouraged by everyone, everyone! to speculate and consume and not save. The government is growing during both phases of bubble boom and bust, and we are encouraged to live life for the moment. And it's both party's, and all the investment experts and economists advise us to consume and borrow and speculate. We are screwed, like Rome's fall. American dream, now a nightmare