So sorry, America, but your central bank is certifiably insane, and it’s not going to magically work out.
History definitively shows that speculative bubbles always pop–always. Every speculative bubble mania, regardless of its supposed uniqueness–“it’s different this time”–pops. No speculative bubble has ever “reached a permanently high plateau” and then remained on the plateau for years.
So what does the Federal Reserve do? It inflates the biggest speculative bubble in modern history and then implicitly promises it will never pop. Dear Fed, are you insane? You might as well make a public pronouncement that stocks have “reached a permanently high plateau” that will be followed by a permanent ascent to ever-higher plateaus, as that is the implicit message you’ve been sending punters and pundits.
To promise a speculative mania that never ends is insane, yet that is precisely what the Fed is doing. Nothing else matters except “the Fed has our back.”
The Fed is also effectively promising that debt, leverage and wealth/income inequality will also all ascend higher forever. Once again history moots this happy story, as soaring wealth / income / political power asymmetries that serve the interests of the few at the expense of the many inevitably generate revolution or regime collapse.
Dear Fed: is your “plan” to accelerate revolution and collapse? If so, you are insane. Has your hubris reached new extremes in la-la-land or are you so disconnected from reality that you’re closing your eyes and going to your happy place where it all magically works out without the extremes you’ve single-handedly created reverting to the mean?
So sorry, America, but your central bank is certifiably insane, and it’s not going to magically work out. The speculative bubbles in credit, leverage and assets will pop and the extremes of wealth / income / political power inequality will swing to the opposite extreme. The way of the Tao is reversal and the Fed’s supposedly godlike powers are nothing but the hubris-soaked rantings of the delusionally insane.
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.