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Author Topic: Money  (Read 6513 times)

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Re: Money
« Reply #555 on: February 11, 2019, 06:15:26 pm »
February 11, 2019


Reality is what was promised to be emergency measures during the financial crisis have become permanent measures. What was promised to be reverted to normal can’t be reverted. Too great has been the debt expansion during the easy money years giving both governments and corporations license to load up on debt. And now they can’t normalize, they can’t raise rates, and they can’t stop intervening.

The emerging truth: Central banks 👹💵🎩🍌🏴‍ will never “normalize” rates, they will never revert their balance sheets to pre-crisis levels, and they will never stop interfering with markets.

But they will not admit this to the public. What they will do is sanctimoniously complain about income inequality, the very income inequality they have helped propagate for decades.
Powell last week:

“Speaking at a town hall in Washington D.C. to a group of educators, the central bank leader said his greatest economic fears lie outside the Fed’s purview . Specifically, he called for more aggressive policies to address income inequality.

“Wages at the middle and lower levels have “grown much more slowly” than those at the higher end, he said. “We want prosperity to be widely shared . We need policies to make that happen,” Powell added”.

Out of the Fed’s purview? Seriously? That’s revisionist history in the making as central bank policies have helped to greatly exacerbate wealth inequality by inflating the asset classes owned by the few. To not acknowledge this is to be revealed to not be serious about the issue.

After all, what has screwed the middle class has helped produce the system we have now, a system that produces ever more wealth for the few at the expense of the many.

But you wouldn’t be able to tell this from the Fed pablum about how it only cares about doing a good job for the American people:

Full article:

The Fed is trapped, the ECB is trapped, the BOJ is trapped - all doomed to intervene forever and ever amen always afraid to see markets go through a process of repricing and squeezing out the artificial asset inflation that 10 years of permanent intervention have wrought.

El viento sopla de donde quiere, y oyes su sonido; mas ni sabes de dónde viene, ni a dónde va;
así es todo aquel que es nacido del Espíritu. Juan 2:8


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