the market is only where it is because of outrageous, unprecedented and dangerous government debt monetization and Federal Reserve artificially building the balance sheets of its member banks.
The Federal Reserve is the foundation upon which the Democrats and Progressive government is built. Its printed, borrowed and devalued money that allows the government to fund the nanny state, co-opt business to political purposes with crony-capitalism, and in turn, support the social changes that are forcing conservatives into an ever-tighter box.
I personally hope the whole thing collapses. Want to see Andrew Cuomo, Chuck Schumer lose? a 2 year collapse on Wall Street and they will be the first to howl.
Sorry - do I sound like a radical?
“The Federal Reserve is the foundation upon which the Democrats and Progressive government is built. Its printed, borrowed and devalued money that allows the government to fund the nanny state, co-opt business to political purposes with crony-capitalism”
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Sounds like a nice summation of Ron Paul’s book “End the Fed”. Good read in case you haven’t already seen it.
In the economic equivalent of the Twilight Zone that we live in today, in many respects the Fed IS the market. IMO its reckless printing and market manipulation is causing unhealthy distortions and malinvestment in the economy.