Tuesday, January 12, 2016

What Could Possibly Go Wrong?......AN AWFUL LOT!

What Could Possibly Go Wrong?

Handing over the fate of the world economy and capital markets to a closed room of career economists... what could possibly go wrong?

The Fed is, indeed, a political, oligarchic force, and a key part of what looks and functions like a banking cartel. During the 2007-08 financial crisis, the Fed's true nature was clear to anyone paying attention. We can't really know what we don't know until we look. We owe it to the "swindled futurity" of the next generation to take a long, hard look through a full and independent audit of the Fed.

Politicians, economists and mainstream journalists are so invested literally and figuratively in the current financial system that they are loathe to realize that it is farcical, that it is built on toothpicks, that the corporate and government numbers are cooked, that the 'recovery' is a joke, that the 'markets' are rigged by central banks, that wrongdoing is epidemic, that there are no longer any rational connections between prices and fundamentals, that we have passed beyond reality into fantasyland. These folks are the embodiment of a society awash in information but starved for intelligence!

The state of our nation under Obama has become more bureaucratic, more debt-ridden, more violent, more militarized, more fascist, more lawless, more invasive, more corrupt, more untrustworthy, more mired in war, and more unresponsive to the wishes and needs of the electorate. Most of all, the government, already diabolical and manipulative to the nth degree, has mastered the art of "do what I say and not what I do" hypocrisy.

While the President will do his best to put a positive spin on the current economic environment, and the success of his policies, when he gives his "State of the Union" address, it would be worth remembering whom he is actually addressing. It is also worth considering that much of this is likely the reason that Donald Trump is surging in Conservative polling. As with all things – it is the lens from which you view the world that defines what you see. For Wall Street, things could not be better. For Main Street, most everything could be better.

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