There’s no other way to put it. The US is a real sh*t show right now.
That’s not to say we don’t have problems ourselves. But as the saying goes, the US does everything bigger and better.
The economy, society, financial markets…all in a state of chaos.
Let’s start with the comedy show that was the Fed’s meeting on monetary policy overnight. Fed bashing is boring. So I won’t dwell on it. But I will say that there was a reason why it took a near 20-year public relations campaign to create the Fed bylaw in 2013.
The American public were rightly very suspicious of central banks. They knew that the centralisation of monetary power would create the ability to abuse that power. They were right.
The power of central banks…
Since the Fed come into existence, the US dollar has gone from around 1/20th an ounce of gold to around 1/1,700th an ounce.
This fear of the power of central banks and their ability to erode the purchasing power of money/wages was why the promoters called the bank a ‘Federal Reserve’. And it wasn’t going to be centralised, they promised. There would be 12 district Federal Reserve banks serving the needs of the nations.
Which was bollocks.
It served the need of the big bankers and special interests who campaigned for it. It was all about the New York Fed. The others were bit players.
And it’s still serving the needs of bankers and big business to this day.
According to the Wall Street Journal:
‘They will buy at least $80 billion in Treasurys and $40 billion in mortgage securities, net of maturing bonds, a month.
‘“Over coming months, the Federal Reserve will increase its holdings” of Treasury and mortgage bonds “at least at the current pace to sustain smooth market functioning,” officials said in their policy statement released after the meeting.’
To sustain smooth market functioning?
Are they kidding?
I assume you’ve heard of the recent surge of Robinhood accounts where novices are making big gains? I assume you’ve heard of the performance of the stock price of Hertz car rentals, which declared bankruptcy on 22 May?
From the Wall Street Journal again:
‘After hitting a low of 59 cents shortly after its May 22 bankruptcy filing, the shares skyrocketed in the past week, hitting $5.50 on Monday.
‘Shares of bankrupt companies are typically worthless, save for rare instances in which the debt is repaid in full and money is left over for equity holders. In some cases, creditors pay a token recovery fee, or “kiss,” to settle with shareholders and avoid litigation seeking to hold up a repayment plan.’
A near 10-bagger — in a week — from a company that just declared it was bankrupt? Yeah, keep pumping in cash to ensure the smooth functioning of the market, you clowns.
In case you’re feeling down for prudently selling over the past few weeks, you can take some solace in the fact billionaire investor Carl Icahn dumped his Hertz stake at 72 cents.
That’s what smart investors do. They get out of bankrupt situations.
Meanwhile, the radical left in the US want to defund police forces around the country.
This is insane.
Not because I support a police state. But because one of the only legitimate roles of government is to protect people’s property and right to pursue freedom and happiness in anyway they see fit.
Take the police away and it threatens this basic right that all Western liberal democracies are founded on.
Then there’s the virtue signalling book burning corporations trying to erase history. Netflix has removed Little Britain (as has the woke BBC) and some Chris Lilley shows from its library because they are racist.
It’s not for you to decide, dear reader. Content creators are now arbiters of truth. You will only watch what they approve.
The brainwashed amongst us will blame all this on Trump. He is dividing the nation, apparently. He is racist. Why? Because the corporate media tell us so every day. It must be true.
Humans are herd-like creatures
Look, Trump is boorish, no doubt. He’s hardly an orator. But what you see is what you get. He doesn’t hide his disgust for the tactics of the left and the complicit media.
But they control the narrative. And we’ve been conditioned to believe them.
They understand that humans are herd-like creatures. We genuinely have trouble thinking for ourselves.
But more and more of us are waking up to the insanity of a world where the ‘elites’ tell us what to think and why to think it.
The proof of their wisdom is hardly in the pudding.
Let me give you a good example…
Remember when the coronavirus first hit, and Trump claimed that hydroxychloroquine (HCQ) may be a useful medication? The establishment fell over themselves trying to rubbish the claims. Some countries even banned it, such is their high level of TDS.
The ‘prestigious’ medical journal, the Lancet, published a study on 22 May that claimed the mortality rate of those who took HCQ was double those who took nothing. TDS sufferers everywhere jumped on the claim to prove how much of a lunatic Trump is.
But as The Spectator reported:
‘The huge mortality rate had not shown up in any other study and seemed to be related not to the drug but to the practice in the US and Europe of giving HCQ to only the sickest patients.’
HCQ is most effective when administered early.
Only under immense pressure did the Lancet retract their conclusions about HCQ. They got it badly wrong.
From The Spectator again:
‘The campaign to destroy hydroxychloroquine has been waged relentlessly, both by competitor pharmaceutical companies and those who want to destroy the US economy to advance their political agenda. It is shocking that it has cost hundreds of thousands of lives and billions of taxpayer dollars. But although the corruption of science for political and/ or financial gain has become a defining characteristic of our age, it is not a new story.’
Sad, but true. Those we have been trained to believe do not have our best interests at heart.
It’s time to wake up.
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