SOURCE: CHARLES HUGH SMITH

If you think this scale of stimulus is sustainable and consequence-free, you must be mainlining Delusionol.


Wall Street's euphoria knows no bounds, so how can this be the Winter of Our Discontent? We all know the source of Wall Street's euphoria: $1.9 trillion in stimulus, followed by another $3 trillion for corporate welfare, oops, I mean infrastructure, and a Federal Reserve whose solution to destabilizing wealth and income inequality is to make the rich even richer because, well, that's what we do here at the Federal Reserve.

An old adage holds that what everybody else already knows has little value. So everybody knows about the Fed's endless spew of monetary giveaways to Wall Street and the federal government's endless trillions in borrow-and-blow stimulus, but does everyone already know that the stimulus-based economy and all the Fed-inflated asset bubbles are completely phony?

Yes, phony. Does everyone already know that none of the promises that have been made to you can possibly be kept?

"Free" (to you) healthcare: no.

Future Social Security payments with an equivalent purchasing power to the checks issued today: no.

A national currency that holds its value into the future: no.

High-functioning public infrastructure: no.

A working democracy in which citizens can affect change even if the power structure defends a dysfunctional, corrupt status quo: no.

An affordable higher education system that prepares its graduates for entrepreneurial jobs in the real-world economy: no.

Cheap, abundant fossil fuels and reliable surpluses of electricity: no.

High returns on low-risk savings: no.

A government that can borrow endless trillions of dollars with no impact on interest rates or the real economy: no.

Pay raises that keep up with real-world inflation: no.

Ever-rising corporate profits: no.

A status quo that actually ends privilege instead of cloaking it with PC PR: no. (Recall I wrote an entire book about institutionalized privilege and inequality: Inequality and the Collapse of Privilege.)

A system that encourages the launching of new real-world businesses: no, no, no, a thousand times no.


A status quo that has some realistic plan to impose Cold Turkey withdrawal on all of Wall Street's junkies addicted to Fed smack: you must be joking. The junkies are running the entire financial system.

The faint glimmerings of reality leaking through the public-relations blitz is the first light of The Winter of Our Discontent. The Federal Reserve's apologists and lackeys are speaking 21 times this week, all to reassure the Wall Street junkies and dealers that the Fed's supply of smack is infinite. Why don't we just rename the Fed The Ministry of Propaganda? Wouldn't a dash of calling it what it really is be refreshing?

If you think this scale of stimulus is sustainable and consequence-free, you must be mainlining Delusionol. According to the Fed's apologists and the political class, Spring is here and will last forever. This chart says The Winter of Our Discontent has yet to start, but the first signs are visible to those willing to look past the PR.



Views: 50

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

The Draconian Show

Sometimes I talk to my invisible friend, IkeHe comes from another dimension when magnetic fields…See More
4 hours ago
tjdavis posted a blog post
yesterday
Doc Vega posted a blog post
Wednesday
Doc Vega posted blog posts
Tuesday
Doc Vega posted blog posts
Monday
Doc Vega favorited tjdavis's photo
Sunday
Doc Vega commented on tjdavis's photo
Thumbnail

Game Night

"Ha! Good one!"
Sunday
Doc Vega commented on FREEDOMROX's blog post MRNA VACCINES: Question
"Listen man I know where you're at but back in October of 2023 thru December of 2023 for months…"
Sunday
tjdavis posted a video

Architecton | Official Trailer HD | A24

SUBSCRIBE: http://bit.ly/A24subscribeWritten and directed by Victor Kossakovsky and starring Michele De Lucchi. ARCHITECTON – Coming Soon RELEASE DATE: Comin...
Sunday
tjdavis posted photos
Sunday
tjdavis posted a blog post
Sunday
Burbia posted a video

Europe Will Not Survive

The hubris.All things Archaix at www.archaix.com
Sunday
FREEDOMROX posted a video
Jun 21
Burbia commented on tjdavis's blog post Track AIPAC
Jun 20
rlionhearted_3 commented on Doc Vega's blog post Latest Details on Missile Exchanges Between Iran and Israel
"May get really ugly over there?"
Jun 20
Doc Vega posted a blog post

Latest Details on Missile Exchanges Between Iran and Israel

Latest information about the air attacks between Israel and Iran as the US moves another carrier…See More
Jun 19
tjdavis favorited Less Prone's video
Jun 19
tjdavis posted a blog post
Jun 19
cheeki kea replied to cheeki kea's discussion Tartaria
"Some interesting information has come to light ( from the renaissance period ) which explains that…"
Jun 19
Sandy posted a video
Jun 19

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted