The glossy Mid-Pacific yuppie advert vehicle Honolulu Magazine
recently ran a cover story of irresistible real-estate pornography
titled "The 25 Most Expensive Homes in Hawaii" that unintentionally
revealed the true nature of the U.S. economy.
The homes, valued in the $30 million range, were typically located
in exclusive coastline enclaves: no big surprises in either the
locations or the bubble-economy valuations.
What might surprise anyone who still clings to the quaint
belief that America's great wealth is generated from actually producing
goods or services of global value is who owns the vast majority of
these villas: investment bankers and hedge fund managers.
To read the full, original article click on this link: What "Hawaii's 25 Most Expensive Homes" Reveal About The US Economy
Author: Charles Hugh Smith
