The Pretense of Knowledge PaysThe American reptilian brain says the Federal Reserve is critical for managing the economy. The larger thinking brain, if engaged, easily sees that Federal Reserve members are paid for the pretense of knowledge. Are these members the world’s best economists? No, they are the best politicians among the country’s set of economist. The larger thinking brain, again if commissioned to think, easily recognizes their actual role. The genuine role of the Federal Reserve is to carry out political agendas which normally focuses on transferring wealth from the bottom of the income ladder to the top.
Tag Archives: financial crisis
Bull Market Over
During the 1980s, while Ronald Reagan was president, government began tampering with the financial markets. In the spring of 2003 government started working aggressively with Wall Street to elevate asset prices. In spring of 2006, when asset prices were showing … Continue reading
Income Distribution and Morality
When income distribution becomes lopsided such as it is in the United States today, a depression is highly likely. A lopsided income distribution is a classic sign of instability and precedes most serious economic downturns. Morality is not directly a … Continue reading
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Worst Financial Crisis In History?
I say it will be and so does the governor of the Bank Of England. It is going to get worse than you can presently imagine. Find a way to save yourself and your family. http://www.telegraph.co.uk/finance/financialcrisis/8812260/World-facing-worst-financial-crisis-in-history-Bank-of-England-Governor-says.html
Federal Reserve Decisions Guarantee Failure
Have you ever wondered why the Federal Reserve board does such a miserable job of guiding the economy? Governments do not make economic decisions. Governments make political decisions which guarantee an inefficient allocation of resources. Simply putting an economist in … Continue reading
Taking the Stock Market Private
So the stock market gets organized support. Is the news bad? If it is the market gets extra support. Is the news good? Then the market get just enough support. I have written a lot to the effect that there … Continue reading →
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