Guest Post by Jesse
“This election was lost four and five and six years ago and not this year. They didn’t start thinking of the poor old common fellow until they started out on the election tour.
The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the driest little spot.
But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night anyhow. But it will at least have passed through some poor fellow’s hands.
They saved the big banks, but the little ones went up the flue.”
Will Rogers, 5 December 1932
I said yesterday that ‘I have a hunch that gold and silver are being capped here for a reason. Maybe. It’s hard to tell with the non-linear Fed.’
And today I think that things are becoming clearer, as suspected. The Fed needs to raise rates to cool down the economy, in a pig’s eye. They want to raise rates for their own policy purposes, so they can lower them again when their latest paper asset bubble fails.
The common person may not understand all this, and the lessons from history. But the ‘experts’ most certainly should understand them, and quite frankly they do. They may not say so, they may never admit it, they may let themselves be convinced, and even convince themselves and quiet the nagging doubts, but at the end of the day they know exactly what they are doing, what they are abiding, what they are enabling if only by their silent acquiescence.