There are posts where methinks we’re on firm ground, e.g. that of the Electoral Commission, some which are satirical and biting about certain sub-sections of society, e.g. the advice post and then some where it’s not my field, therefore I don’t post much on such things … and yet they are worth a post.
I don’t know if a crash is coming or not, when it will be, but this man seems to:
They are so arrogant that they can’t even call their actions by an honest name. What they are doing is sheer Money Printing or MP. But instead they call it QE or Quantitative Easing. What an absolutely ridiculous name that is designed to hide their own inadequacies as well as cheating the people. Nobody understands what QE means and that is, of course, deliberate. They simply confuse the people and mislead them into believing that their hocus pocus is actually some alchemistic formula that creates eternal prosperity.
These central bank heads are now so confident of their control of the situation that they are turning the QE to QT (Quantitative Tightening). That is, of course, utter and sheer arrogance. QE hasn’t worked. All it has done is to turn a fragile financial system into the biggest bubble in history. Even with zero or negative interest rates combined with massive MP, real GDP is not growing (measured with real inflation). Also, several dollars, euros or pounds of credit expansion are required in order to create just one dollar, euro, etc, of GDP growth.
All that may well be so but I also recall many articles which come down to the simple proposition that in this fake reality, no one crashes unless that crash is in the interest of the elite, e.g. the 1857 grain shortage in the US and in road the white knight Peabody [later JPM]. It had been induced. We’ve seen enough of this inducing business [Standard Oil during the war for example].
This aspect was not spelt out in the linked article – the way five banks crashed one January a few moons ago and no one heard of it because it never happened. At least it should have happened according to the rules on reserves which the regulators are meant to enforce but that’s a bit tricky when some of the regulators are JPM or GS. There was a lady who got a bit hot under the collar about it all at the time – Janet Tavakoli.
The bottom line is that it does not need all sorts of economic indicators to show this or that – they simply decree all is well and SDRs keep everyone afloat … or else it’s time to crash it.
Apart from staying alive after that, my interest is in how all the preppers will do – is there enough produce, water, where will the meat come from? Chickens? And will they be able to hang onto what they have and if so … for how long?
There’s a post tomorrow mentioning Christianity in a different context but in this context now, one becomes a bit fatalistic – there’s zero we can actually do about such a crash, so why bother? And to fight for the deluded alternative – the eternal Stage Four of Marxism – that is constant misery versus one big crash of misery.
So it’s a question of which enemy – the invader takeover, a slow burn, or the current destruction of youth and their truly skewed values, or the big crash? I saw a vid earlier of a group of American yoof shown a blank map of the world, they were given long pointer sticks and asked to point out any country they could identify.
It was dire. That’s what I was alluding to in the “advice” post.
Perhaps you have a better crystal ball than I do about the next ten years.