Can extremes become too extreme to continue higher? We’re about to find out.
Beneath the illusory stability of rising GDP, the extremes of debt, leverage, stimulus and speculative frenzy required to keep the ‘phantom wealth bubble’ from imploding are all rising parabolically.
No nation can produce less of lesser quality, and squander more on infinitely greedy and corrupt elites, all funded by issuing trillions of new units of currency, and imagine that this asymmetry will never have consequences.
One phrase describes the Fed’s pillaging of the nation to benefit the few at the expense of the many: abuse of power.
The post-bubble-crash phase is already being prepared: ‘no one could have seen this coming’–except anyone who paid attention to anything other than self-interested shills.
A drought-stricken forest choked with dry brush and deadfall is an apt analogy.
Is that the scent of smoke? What’s that red glare? Must be nothing.
So sorry, America, but your central bank is certifiably insane, and it’s not going to magically work out.
Viewed as a complex non-linear system, the pandemic variants can only be controlled by drastically pruning the physical connections between disparate global groups.
But once this last pool of wealth–America’s middle class– has been siphoned dry, then who’s left to stripmine and exploit?