Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability.
Our Nobility’s assessment of risk and their war-gaming of vulnerabilitiesare fatally deficient.
It didn’t have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud.
How do you unrig a speculative rigged market? You don’t. It simply crashes into a putrid sinkhole.
I’d say more about Big Tech but since they’ve ‘privatized totalitarianism’, I fear being ‘digitally disappeared’ if I dare criticize Big Tech.
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both. <
Allow me to translate the risible claims of Jay Powell and Janet Yellen that their stimulus policies haven’t boosted wealth inequality to the moon: “Let them eat cake.”
The consensus is that asset inflation is unstoppable and forever. History begs to differ.
Yet it still comes as a great surprise to everyone when ‘doing more of what’s failed spectacularly’ ends up collapsing the whole rotten structure.
Systems and nations are designed to fail