Reply #10: I'm a retired RN in Podunk and I sure saw the collapse coming [View All]

[Warpy]

It seems the people most able to see what was happening were the people who were excluded from the benefits of the whole shaky edifice. As long as the cash flow was massively positive, the Grand Pooh-Bahs of the financial world had no stake in forecasting its inevitable collapse.

It's just funny how few of the former wizards have been denounced as humbugs. Their reputation as great geniuses would seem to be mostly intact, only because they presided as apologists for a system of imaginary money that was destined to evaporate eventually as the capacity of workers with depressed wages to pay their debt was exceeded.

We will continue to live in interesting times for the next several years. I'm just wondering how many of those great minds will end up disgraced and driving cabs as all their grand theories are found to be fairy tales.

My guess is none.