sitting here in my office late on Friday sept 9 and watching the stock market down almost 400 points. My thoughts of the last eight years of federal reserve jawboning and propping up of the economy and the countless QE and negative interest rates and bailouts here in the united states and around the world. I think central bank insanity has finally reached critical mass!! helicopter money floating down from the heavens!! a peoples stimulus!! a living wage for all!!
Keynesian economics at its best and central planning at its finest. I think back and remember my time in school and my teachers always expressing why the soviet empire failed! It has been said in history that if we don't learn from our mistakes we are doomed to repeat them. I believe the time has arrived for the Federal Reserve they have continued to cry wolf in the night as the tired towns people have showed up only to the lie. The Federal Reserve's constant moving of goal post and unemployment numbers that has now changed to a higher inflation mandate. Now this same Fed that has created massive bubbles while talking down the gold price which should be well north of 3,000 dollars right now will have to finally choose between the stock market or containing the gold price!!
This is a great piece and thanks for sharing. I'm happy to upvote and share this on Twitter✔ for my followers to read. Following and looking forward to reading more of your posts. Cheers. Stephen