Does this sound familiar?
‘The world we’re living in today is so different. It’s a time of Brexit, Donald Trump, and the rise of the far right. Democracy is under threat. We’re in an age of authoritarianism.’
What. A. Load. Of. Bollocks.
Only a moment of logical thinking tells you why. And while I’m sure you are more than capable of working it out for yourself, I’ll give you my take on it in a minute.
But first, let me explain what got me onto the topic.
It was a Bloomberg op-ed article written by former New York Fed boss Bill Dudley. He is now a senior research scholar at Princeton University’s Centre for Economic Policy Studies. I wonder how much the kids at Princeton are paying to be brainwashed by his nonsense?
Anyway, Dudley’s article is a thinly veiled plea to the Fed. He wants it to use monetary policy to stop Trump from winning the next election. As Dudley outlines, he is opposed to the trade war, and considers it bad policy making:
‘Officials could state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions.’
Hey Bill, you do realise that you weren’t elected by the people to make these calls, right?
Even if he does, he doesn’t seem to care…
‘There’s even an argument that the election itself falls within the Fed’s purview. After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.’
Did you get that?
Typical gibberish from a phoney elitist, showing his contempt for democracy.
He clearly thinks US citizens are so stupid they may re-elect Trump in 2020. He wants the Fed to mobilise against this risk.
This isn’t about whether you agree with Trump or not. That’s a side issue. The central point is whether you agree with democracy or not.
A democratic process saw Trump elected in 2016. The phoney elitists who didn’t like how democracy worked back then tried to make the case that the Russians helped rig the election. Two years of investigations into that yielded nothing. So now it’s devolved into ‘Trump is a racist’. You know your critics have run out of ammo when you’re labelled a racist.
Part of Trump’s election platform was to bring back the manufacturing jobs that were lost to China in the 2000s. The elites aren’t used to politicians delivering on their promises. They expect democracy to work for them, and the stupid masses just have to suck it up.
And because democracy threatens their gravy train, they’re mobilising assets to take Trump down. The left-leaning mainstream media is one of these assets. It’s constantly working against Trump.
Which is why Trump calls it the ‘enemy of the people’.
Now, Dudley wants to get the Fed on board too.
You may be wondering why, in the world’s greatest ‘capitalist’ economy, most of the media is left leaning? It’s a good question.
The answer is that the US economy is only quasi-capitalist. It’s a highly centralised economy (massive federal government, banking, media and tech concentration) which means the powerful interests in charge of these sectors want to preserve the status quo.
Left of centre politics endorses government involvement in the economy and regulation to ‘improve’ outcomes. If you’re an advocate for the status quo then you’re going to support the left.
Those who hold right of centre political views believe that government involvement in the economy and people’s lives should be minimal. They just want to be left alone to get on with their life.
This brings me back to the initial statement at the start. The age of ‘Trump, Brexit and the rise of the far right’ is a narrative pushed by leftist media and their business and political backers because they don’t like how democracy has worked out for them.
Trump was democratically elected. Brexit was the result of a democratic vote. How is this a ‘threat to democracy’?
The elites are simply indignant that populations around the world, including Australia, are electing conservative governments, not interventionist, high taxing socialists. They’re terrified that people are actually waking up to the fact that democracy, for so long, was designed to enrich the 1%.
The Rum Rebellion proudly and loudly speaks for the 99%, whatever side of the political spectrum you stand on. But we unashamedly believe that the government is never going to be the solution to our problems.
We all need help from time to time, and some of us need it more than others. But in most cases, you are the solution to your problems. The more we realise that, and stop relying on others to ‘fix things’ for us, the better our society will be.
Editor, The Rum Rebellion
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