It's a con-job feedback loop to keep the credit spigot turned on...

  1. 44,246 Posts.
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    It's a con-job feedback loop to keep the credit spigot turned on and interest rates low. Central banks are now at the mercy of a market monster they created. Drive prices up higher, pull more people into the trap, make as many people as possible 'too big to fail'. What's the outcome? A gun to our collective heads. We'll all be 'rich' yet driving on clogged roads, getting on a waiting list for a procedure at a hospital that is groaning under the strain, breathing in pollution, seeing the cost of living going steadily through the roof. Rather that live with economic normalcy we've been seduced by the opium the central banks are serving us. QE and interest rate suppression and helicopter money and a blind eye to inflation. Every dirty trick in the book was used to prevent profligate politicians, banksters, and corporate shysters from facing up the mess that the GFC exposed and left in its wake. They've put the golden goose of our economic system on steriods in a crazy experiment, and now the goose is dying - addicted to stimulus, choking on colossal debt.
 
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