Those relying on the Fed to be noticeably weak, corrupt and unskilled forever might be in for an undesirable surprise.
When even the crash test dummies are nervous, it pays to pay attention. Remaining in a mild crash isn’t regrettable if all the protective gadgets pump up as meant. But in a horrific crash where nothing goes as prepared, it’s like speeding in a ready-to-explode Pinto and being side-swiped by a semi on Dead Man’s Curve.
The stock market is in the Pinto, and the smell of gas is so strong it’s subduing the odor of old Cheetos and stale beer. The Federal Reserve is driving, and it’s got a crazy sparkle in its eyes that everybody dismisses– to their tremendous remorse when the Pinto goes off the cliff and flames envelop the wreckage.
We’re talking metaphorically here. The discomfort of catastrophic financial losses isn’t physical. But that doesn’t suggest it will not injure for years or even years.
Here’s a short recap: The Fed states inflation is under control, will soon go away, and is no big deal.
Simply put, the Fed believed it wielded Jedi Mind Tricks (to persuade the masses that there was nothing to fret about as “this isn’t the inflation you’re looking for”) which it was residing in a Wizard of Oz world in which it had supernatural powers: if we state inflation is decreasing, it will decline.
Simply put, the Fed is entirely delusional. If you require more evidence, consider their risible claim that Fed policies aren’t the cause of skyrocketing wealth inequality, when the evidence that the Fed has actually destabilized society by enhancing wealth inequality to brand-new heights is incontestable to all but scam artist and the delusional.
Now that inflation is a raving blaze, the Fed’s threadbare trustworthiness remains in tatters. The Fed is a laughing stock, and the only method to bring back a few shreds of credibility to crush inflation by whatever methods are needed.
The bad fools in the rear seats of the Pinto do not believe the Fed would ever put their beloved stock market at threat. But the Fed has no choice. Naturally they’re trying another lame Jedi Mind Technique, claiming they can squash inflation and restore their reliability in a fictional “soft landing,” however no one thinks this.
The truth couple of appear going to entertain is the Fed has to crash the marketplace because there is no other way to restore its shredded trustworthiness. Having actually blown the chance to restore some fundamental discipline, the Fed has been exposed as 1) delusional, detached from reality, drifting in a la-la land of dream, and 2) weak, corrupt and inept, a bad mix, as it has done nothing however kiss the derrieres of billionaires for many years while claiming to serve those it has impoverished (the bottom 90%).
The crash test dummies want no part of the Fed’s Pinto Pleasure Ride to Doom. Perhaps the Pinto does a couple of 360 spins and doesn’t fly off Dead Male’s Curve. Maybe the crash just damages the fender. Those relying on the Fed to be visibly weak, corrupt and unskilled forever may be in for an unwelcome surprise.
For freak’s sake, people, wake the freak up. There’s no threat in la-la land, however this is truth. Danger is on a SpaceX rocket ride to heights unknown.
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