Gab@StFerdinandIII - https://unstabbinated.substack.com/
Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands. Cults everywhere: Corona, 'The Science' or Scientism, Islam, the State, the cult of Gender Fascism, Marxism, Darwin and Evolution, Globaloneywarming, Changing Climate, Abortion...
Tempus Fugit Memento Mori - Time Flies Remember Death
The fraud of the stock markets. The cult of Keynes.
Bubble economics. Zero interest rates, endless money printing and distortions in capital, have created in most countries an incredible bubble in real estate and stocks. Central Banks – Keynesians to the man and woman – believe they are gods, that they can control manipulate, deceive and lie. Of course these Mandarins make cycles worse, they enrich their friends in the investment banks [and themselves]; they cause a cycle of busts that targets the average investor; they make fixed income savings a dream of the past; and they create enormous debts and leverage that can never be paid back or restituted, but simply defaulted on.
To justify their actions the Central Keynesian-Monetarist Bankers make up data [GDP, unemployment, inflation]. A person favorite is inflation of course, which is always 'zero'. The answer is 0 and the methods to arrive at zero can change. Central Banks have changed the calculations. Using 1980s or 90s inflation metrics yields an inflation rate 2x what the Central Keynesians report today [about 3-4% p.a. vs. less than 2%]. Inflation calculations are for example a joke. It excludes 2/3 of the family budget and money creation. Money creation in the US alone last year was close to 5%.
How can you devalue the currency and have no inflation? No food, energy, taxes or other items which 'fluctuate' are allowed in inflation calcs. Therefore Central Bank inflation numbers measure precisely nothing. In most countries currencies have been mauled, their value erased, yet the peasants are told there is no inflation – even as food, energy, housing and other costs go up year after year by 5%, 10%, or in the case of some food items and utilities, 30%. Yet inflation is near zero ?
Inflation is the key metric to keep the fraud going. Even if oil prices have collapsed, currency values have likewise been annihilated. Any person living in reality knows there is inflation – probably 5-8% p.a. depending on where you live. But that would not allow the Central Keynesians to keep rates at zero or negative, and keep the stock markets primed and bubbled. After all, in the US and elsewhere, it is an election year [pick your year] and the 'right' Keynesian cult party must win.
Collapsing stock markets are notoriously bad for politicians. Real world inflation and fiat currenices in decline, are a good reason to hold physical gold and silver - no matter what the 'experts' say.