Their weak-kneed toadies at the Federal Reserve have dutifully fulfilled their mandate of no banker or hedge fund left behind. While Main Street is beset with potholes, boarded up small business storefronts (if they haven’t been looted and burned), homeless drug addicts, and the unemployed lining up at local food banks, Wall Street is being paved in gold…
If you think the world doesn’t make sense and you don’t understand why people aren’t acting rationally, don’t worry. You are the one who is sane. It’s the rest of the world that is crazy. Don’t lose faith. There are others out there who refuse to embrace their servitude. Don’t follow the crowd. Think for yourself. Question everything. Prepare for the worst, because it’s coming. Use your time wisely. Keep your loved ones close. And befriend like minded people. The future of our country hangs in the balance.
https://www.lewrockwell.com/2020/08/jim-quinn/are-you-loving-your-servitude-2/
In Part One of this article I laid out the argument Huxley’s dystopian vision of the future had played out over many decades, but now I observe Orwell’s darker vision in motion since the start of this century.
All the “solutions” being imposed by those in power don’t solve anything, because they aren’t designed to solve anything. These are nothing but short-term emergency sustaining maneuvers to keep the dying patient alive, while the criminals ransack his house, extracting whatever wealth he has saved. Throwing $1,200 bones and $600 a week bribes to what they consider the Main Street riff raff, while funneling trillions into the pockets of Too Big To Trust Wall Street banks, billionaire oligarchs, connected mega-corporations, and pliable corrupt politicians, is just what the doctor ordered for the ruling class.
Their weak-kneed toadies at the Federal Reserve have dutifully fulfilled their mandate of no banker or hedge fund left behind. While Main Street is beset with potholes, boarded up small business storefronts (if they haven’t been looted and burned), homeless drug addicts, and the unemployed lining up at local food banks, Wall Street is being paved in gold, with its inhabitants eating caviar, drinking champagne, and celebrating their brilliance in owning a central bank, guaranteed to enrich them.
The paths being chosen by those in power offer no exit or happy endings. Driving the annual deficit over $4 trillion, pushing the national debt to $26.5 trillion (don’t forget the $200 trillion of unfunded welfare liabilities), because you chose to shut the country down for a bad flu, has virtually guaranteed a multi-year economic contraction and eventual financial collapse. The Fed has propped up a zombie economy and horribly managed zombie corporations with zero interest rates and purchasing of their bad debt.
Free markets have been extinguished, price discovery has vanished, success is determined by who you know, and interest rates can never rise again, or the debt Ponzi collapses instantaneously. The $600 a week in unemployment produced an economic recovery mirage, as money that has no possibility of being repaid, was spent by millions on grocery deliveries, crap from Amazon, and buying bankrupt stocks on Robinhood by unemployed day traders.
The politicians who doled out this $600 per week to millions of people they purposely forced into unemployment are now trapped. Any politician who votes to not extend the payments will be scorned by the corporate media talking heads as heartless and uncaring. With elections just over three months away, it’s now just a matter of how big the newest debt financed debacle will be (somewhere between $1 and $3 trillion).
Trump will sign whatever comes his way, because not doing so would guarantee a loss in November. Financially, none of this can work. The Federal government, with their co-conspirators at the Fed, can get away with running massive deficits for as long as the USD is accepted around the world as a safe investment. The record price of gold and the 9% decline in the USD since April are early warnings another financial crisis looms. Read the rest of this entry »




