GOOD QUESTION

It’s funny how facts are conveniently ignored by the mainstream media pundits, paid to mouth the narrative put forth by their corporate bosses. A critical thinking individual might look at the chart below and possibly question the validity of the economic growth mantra spewed by the politicians, central bankers and mass media. As anyone with two eyes can see, the central bankers of every developed country in the world have kept real short term interest rates negative for the last eight years and continue to do so.

The last time the U.S. Federal Funds rate was 1%, the 10 Year Treasury rate was 4%. In a normal free market system, real interest rates would be 2% to 3% above CPI. The fraud and dysfunction of the current global financial system is made unequivocally clear in the chart. There has been no economic recovery for the average person. This entire farce is solely for the benefit of the financial elite billionaire class, Wall Street banks, and corrupt politicians, orchestrated by spineless milquetoast central banker puppets.

Instead of getting 3% or 4% on money in a savings account, the average person is screwed getting .15% as their dollar depreciates by at least 2% per year. And the pundits pretend to be baffled by consumer spending collapsing, retail stores closing, restaurants desperate for business, and Americans in a perpetually pissed off mood.


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L Murray
L Murray

What makes you think the pundits are pretending to be baffled?

L Murray
L Murray

I made a mistake, I should have said: What makes you think the “pundits” are PRETENDING to be baffled” Maybe that’s clearer.

Suzanna
Suzanna

Admin,
100%,
excellent,
and right on.

Uncorruptable
Uncorruptable

Gold and silver, people. Now.

Zarathustra

Tis cash for me, sir.

EL Coyote
EL Coyote

Uncoruscating, how about a few bitcoins on my cellphone?

TampaRed
TampaRed

For those of you chasing guaranteed higher investment returns,contact me at Tampa & Madoff,Investment Counselors.

EL Coyote
EL Coyote

Everybody, first, make sure to have your investment personality analyzed by TBP’s psychological evaluator, BB.

EL Coyote
EL Coyote

A downthumb for joking about Tampa’s joke? Are you fucking serious?

TampaRed
TampaRed

Thanks for shaming him into changing it Yipper.I have a fragile eggo.
Just realized you were talking about your own post-it was probably the guy from Birch Gold or Dennis who downed you.

Jouska

I got a bit too much chlorine in one of my eyes. I can still see it with only one eye however, so it doesn’t take two.

TC
TC

The central bankers figured out if they *all* debase their currency at about the same rate, they can play the game a bit longer. The trick was to keep gold/silver prices down, and they figured out how to do that with paper contracts.

In our daily lives the inflation is actually staggering. We’ve stopped going to several of our once-favorite chain restaurants because the QUALITY got soooo terrible. Of course all the restaurants have raised prices, but they have also effectively raised prices by substitution of crappier ingredients (Chinese chicken, anyone?) as well as substitution and reduction of ingredients (example would be a salad at Panera still costing $8 but having 1/2 the meat it did 2 years ago.)

General
General

The real inflation rate is about 8%. And the economy has actually been shrinking since the year 2000.

How long can this keep going before the SHTF?

Anon
Anon

“How long can this keep going before the SHTF?” – Mathematically speaking, about 3 years, maybe less. EROEI – is a powerful concept, and all of us are about to learn its effects. The PTB can nibble around the edges, and like was said above, the central banks can all agree to the same thing, but they CANNOT stop the inevitable, as they only control the currency, therefore psychology. I believe privately, they know this, and THAT is why they have started to unwind. The world says “policy error”. No error, just realization. They figure in their arrogance, that they can control this on the way down, as they did on the way up. They do not control the actual purpose of the currency, which is regulation / distribution of finite resources in the REAL WORLD. THAT is their Achilles heal, and they know it. All of us living in the real world – definitely those of us on this blog -know this. The timing on this is an issue of exponents, and a funny thing about exponents is that once they have doubled enough times (Lily pad analogy) the final doubling is fatal. We are at the final doubling. The ONLY question at this point is whether this is ultimately a controlled demolition, or becomes an uncontrolled destruction. Don’t know yet, but I do know that when the exits start to fill, and panic sets in, things can get ugly fast. Act accordingly.

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