Same Old Same Old.

This weeks economic summit in Jackson Hole Wyoming will yield more predictable results in the announcement of an additional round of quantitative easing coined QE3. Any investor that has watched the market in the last 14-months has seen a more market friendly pattern opposed to a dollar friendly pattern. Our government has always sided with the elite 1% at the expense of the poor, and when i say poor i am referring to anyone with net assets of less than 50 million dollars. Those in the higher end tend to have extremely diversified portfolios that technically hedge themselves against the ever present decline in value of paper asset classes. The inflation and the pain it brings to the lower end take a definite back seat to the unprecedented wealth generator that the market has presented and the wealthy have capitalized on. If you don't believe that it is all about the corporate and financial titans, petro dictators, and powerful politicians you are a fool my friend. What they seem to forget or be in denial of, is that this incompetent belief system is fostering a resentful and destabilizing element at a very fast rate. Simple math shows us all that a healthy economy needs more contributors than those that simply absorb valuable economic resources and this economy is desperate for a consistent revenue stream in the form of taxpayers, when most of the baby-boomer generation has chosen to simply fade into the sunset and let their children and grandchildren take the hit.