Wednesday, September 14, 2016

Central Planning Is Crumbling
& The Elite Are Terrified
"The financial crisis bailouts and money pumps completely betrayed capitalism. The outcome was precisely what you’d expect from Central Planning:
1) Economic stagnation.
2) The creation of low quality jobs that offer little upward mobility.
3) Concentration of wealth.
The elites are terrified that the game is ending. You can see this in many ways. The architects of this mess (Ben Bernanke, Alan Greenspan, Larry Summers and others) have resurfaced with revisionist narratives in which they are not responsible. Similarly, those currently at the helm of the Central Banks have begun abdicating their responsibility for what’s coming. This is most evident in
Central bank Presidents like Draghi & Yellen dropping all pretenses of being able to hit their targets & instead passing the blame onto political bodies such as Congress.
The last eight years prove Central Planning doesn’t work.
Global Central Banks have spent over $14 trillion, and maintained ZIRP/NIRP for eight years, punishing savers and those relying on interest income… And what has the world got to show for it? The weakest recovery (if you can call it that) in decades, wealth inequality at extremes, and a record number of individuals relaying on welfare/ entitlements. Never before in history has so much money been spent, accomplishing so little. And it’s set the stage for another massive financial crisis."
- Graham Summers
link here to the essay

1 comment:

Anonymous said...

They should be....they have been exposed.

Leaked Colin Powell emails reveal Clinton’s apparent disdain for Obama

Even more timely are the references Powell makes to Clinton’s health in a series of emails with Jeffrey Leeds, who heads the Leeds Equity Partners investment firm and is also a top Democratic party donor. Powell is a member of the Leeds Partners advisory board. In one email to Leeds, Powell writes that Clinton “does not look good” and is “working herself to death.” Leeds also weighs in on the Clinton email scandal and added that “nobody likes her.”

But the truly most damaging thing for the Clinton campaign in this pile of hacked emails are the discussions about President Obama and how Clinton apparently feels about him personally. Make no mistake, Hillary Clinton’s liberal supporters will clearly forgive her for almost anything — from lying to the FBI to lying to everyone else about her health. But any evidence that shows she does not like their untouchable hero in President Obama will be the toughest pill to swallow.

In several emails from Leeds to Powell, Leeds says that Clinton hates and envies the president in the extreme. Leeds adds that she will sometimes refer to President Obama as “that man.” Finally, Leeds tells Powell that the Obama team wouldn’t mind seeing Clinton lose. The timing on this couldn’t be more devastating — it comes just as President Obama is taking to the campaign trail to help Clinton while she recovers from her medical problems.

Americans’ Trust in Mass Media Plunges to Record Low in Gallup Poll

Email Disclosures: Powell “Would Rather Not Vote for Hillary”, Says Bill is “Still Dicking Bimbos at Home”