hidingrpolitics
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This Is What Happens When You Ask Too Many (Or The Wrong) Questions | Zero Hedge
With the lies, cheating, and conspiracies running wild in the US, we thought it worth dusting off the archive and remembering Michael Burry. Burry, infamous for his 'Big Short' into the subprime crash that made him and his clients extremely wealthy, reflected on his ability to see this coming in an Op-ed at the time asking a broad swath of politicians, economists, and professional 'seers' why they didn't see 'It' coming? As he explains, soon after asking that uncomfortable question, things escalated rapidly for him and his firm... simply unbelievable in the context of the ongoing investigations currently... As he explains, "I bet against America, and won," and it seems 'America' didn't like that...
Forward to 14:00... (and grab the popcorn)...
Dr. Michael J. Burry at UCLA Economics Commencement 2012 - YouTube
This is sadly not surprising at all. Government panders to the people, who will selectively believe what is most convenient for them. Pre-2007, it was easy to buy into the idea that everyone DESERVES a house, housing prices ALWAYS go up, debt DOESN'T matter, and we can borrow and consume into infinity with no consequences! If you were against the hivemind, you were a "fear mongerer".
So sad. How many more of these cases have just flown under the radar?
With the lies, cheating, and conspiracies running wild in the US, we thought it worth dusting off the archive and remembering Michael Burry. Burry, infamous for his 'Big Short' into the subprime crash that made him and his clients extremely wealthy, reflected on his ability to see this coming in an Op-ed at the time asking a broad swath of politicians, economists, and professional 'seers' why they didn't see 'It' coming? As he explains, soon after asking that uncomfortable question, things escalated rapidly for him and his firm... simply unbelievable in the context of the ongoing investigations currently... As he explains, "I bet against America, and won," and it seems 'America' didn't like that...
Forward to 14:00... (and grab the popcorn)...
Dr. Michael J. Burry at UCLA Economics Commencement 2012 - YouTube
This is sadly not surprising at all. Government panders to the people, who will selectively believe what is most convenient for them. Pre-2007, it was easy to buy into the idea that everyone DESERVES a house, housing prices ALWAYS go up, debt DOESN'T matter, and we can borrow and consume into infinity with no consequences! If you were against the hivemind, you were a "fear mongerer".
So sad. How many more of these cases have just flown under the radar?