Okay folks, this is not a drill. Decades of stupendously poor monetary, (lack of) regulatory actions, and a completely useless watchdog press have now (once again) conspired to deliver us into the teeth of another financial crisis. This one will be the largest ever and could possibly result in damage so profound it never really gets fixed.
The causes are as old as recorded history:
- Attempting to print our way to prosperity.
- Wanting a free lunch.
- Elites that seize control of the dials and only manage to turn them to their own narrow and greedy advantage.
- The desire to not have a crisis now so always kicking the can down the road until it goes over a cliff.
To really explain this crisis, I’d have to back up to 1987 when Greenspan bailed out a stock market panic. But, I haven’t got time at the moment. It’s a long story and perhaps I will tell it to you someday when we’re grilling crickets over an open fire.
Covid was an engineered disaster from the get-go. There’s no chance at all that virtually every western country opted for lockdowns and self-harming economic, fiscal and monetary policies. Those were all guided events by powers that operate above the nation level. Let’s call them Davos for now, but I am open to that being a limited hangout designed to deflect attention from the true players.
Whoever it is, it is now incontrovertible that reason, logic and science never had anything to do with the Covid policies enacted, and no amount of countervailing data ever proved sufficient to deflect a single policy. Everyone had to get the vaccines. Period. Everyone had to lockdown. Period. There was no distinction between those who’d had Covid and those who hadn’t. Period. None of this made any sense.
Similarly, the monetary policies of the central banks made zero sense. There was no logic or rhyme or reason to any of it. The central banks printed with wild abandon, the billionaires got fantabulously richer, and everyone else had to eat the resulting inflation. Nobody in power questioned it, the press never looked into it, and here we are.
Consider, if you will this astonishing chart of the Bank of England’s response:
Now, the Bank of England is fighting a collapsing pound, ridiculously high inflation and a collapsing government debt market (the Gilts).
by drpropaganda 
