PKT message, Our Destiny is the Betting Shop

"So long to the long term investor.
When all investments are short-term, it is a trader's market, turning the economy into a horse race. The difference is that in a horse race, the betting odds on a horse do not affect its performance. That is not true in an economy driven by equity and credit prices. The whole market can bet on the wrong sector and make it a winner in the next quarter, but it may finish last in the race.
Wealth preservation is now a losing game. Asset is becoming a
liability. Income is all."

And so the casino economy - or our present manifestation of finance capitalism - races towards its final denouement.
Where the issue is only where to place your bet, without rational attention to the prospects for ultimate real investment, productivity and production, and their profits/returns, the outcome can only be disaster for the real economy and all those who serve and want to serve in it - real investors, substantive entrepreneurs, labour, pensioners, Uncle Tom Cobley and all.
If the above assessment is correct that the world economy is now no more than a betting shop, then now more than ever the only uncertainties are how the Great Crash will be precipitated and when.
Our managers at Government level, at central-bank level - including the Fed - banks, business, financial and trade institutions and the rest have abandoned any effective control.
All is left to the chaos of the betting shop.
The misery - the long-term misery - that now seems to confront both rich and poor everywhere could have been avoided if prompt action, based on economic and social responsibility, had been taken.
Now it would seem, from all the indicators, that it is too late.
Even so, it would be comforting if, however late, some influential people would give a lead.
VOW has tried and continues to try. We can only hope that others will join in its efforts to retrieve some sanity.