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Making Sense Of An Increasingly Insensible World
Making Sense Of An Increasingly Insensible World
Creating purpose and fulfillment within a failing system
What the heck is going on?
I hear this a lot these days. Developments are happening too quickly to process for many folks, creating a persisting cloud of confusion.
Even focusing down on any particular single event often gets nowhere because so much of what’s going on simply makes so sense
Take for example, the W.H.O. which as recently as two weeks ago recommended that only sick people should wear masks. What? We’ve known for months that people can spread Covid-19 when they are asymptomatic. How can a ‘sick person’ wear a mask if they are sick but even they don’t know that? It just makes no sense. What is even going on?
Or take Jerome Powell, Chair of the Federal Reserve, who defiantly declared that the Federal Reserve “absolutely does not” contribute to the wealth inequality gap:
(Source)
Say what?
The Fed is busy buying distressed financial assets for far more than they are worth from the largest and wealthiest of stock and bondholders. That absolutely contributes to inequality.
So does juicing the stock market, or ““market”” as I like to term it (because it’s so distorted it needs two sets of quote marks).
So does appointing Blackrock – the world’s largest private asset manager – to select which private assets should be bought with the freshly-invented currency emanating from the Fed’s electronic printing presses. Should we really be shocked to learn that Blackrock chose their own distressed assets, like the junk bond fund JNK, for the Fed to buy first?
It’s a bald-faced lie for Jay Powell to claim anything other than the Fed is the #1 contributor to inequality. And that’s by a country mile.
…click on the above link to read the rest of the article…
The Neutered Fed Is Politically Trapped
The Neutered Fed Is Politically Trapped
Everyone now knows that the only meaningful goal of Fed policy is propping up the world’s greatest credit-asset bubble.
In this era of fake news and deep-fake digital recordings and images, it’s important to use unedited images. With this firmly in mind, here is an unedited photo of Federal Reserve Chair Jay Powell and former Fed Chairs Janet Yellen and Ben Bernanke from their recent unprecedented appearance on 60 Minutes:
The purpose of the Fed chiefs’ dog-and-pony show was to promote the notion that the Fed really really really (try not to laugh out loud) “cares” about the average American, even though 85% of the $30 trillion in gains generated by the Fed’s policies flowed to the top 10% and roughly two-thirds of the gains flowed to the top few percent.
The bottom 80% got essentially nothing except a drastic reduction in the purchasing power of their stagnating wages. If this is how the Fed “cares” about average Americans, I wonder what they’d do if they chose to impoverish average Americans. Oh wait a minute, they already did.
I’ve covered this in recent essays:
The Fed’s “Wealth Effect” Has Enriched the Haves at the Expense of the Young
It’s All About Who Reaps the Gains (Asset Bubbles) and Who Eats the Losses (Stagnating Wages)
What triggered the unprecedented propaganda-fest of the three Fed monkeys? The realization that the Fed is evil is seeping into public awareness, and the Fed honchos are awakening to the reality I’ve spoken to here many times: the Fed is now constrained politically in terms of how far it can go to bail out the banks and the super-wealthy again.
…click on the above link to read the rest of the article…
