|
The biggest issue in financial political power structure today is the End
of Centralization.
In the post 2008 era, the Globalists made a major push to hold the system
together. The multi-billionaire class, particularly those who made fortunes
from crony capitalism and bubble economics joined forces with the Keynesian
media shills to convince the world that the only way we would survive would
be if trillions of Dollars were given to those who were deemed “systemically
important.”
Warren Buffett was a prime example of this. Buffett amassed a fortune by
being a raging capitalist who prided himself on never losing money on an
investment. But by the time 2008 rolled around, he faced the very real
prospect of seeing his fortune halved.
Somehow he managed to convince the public that he was still a great guy
while pushing for bailouts in the very firms in which he had taken large
stakes: Goldman, Wells Fargo, etc.
Buffett was not the only one. He’s just the best known.
Let’s be blunt here: the 2008 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.
Today, eight years later, 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 and Yellen
dropping all pretenses of being able to hit their goals/ targets and instead
passing the blame onto political bodies such as Congress.
· Bank
of Japan Head Harihiko Kuroda confessed in January that Japan has a
limited GDP potential no matter what policy he employs.
· European Central Bank President Mario
Draghi admitted that despite FOUR NIRP cuts and €1 trillion in QE the ECB
won’t hit its inflation targets for a decade.
· Federal Reserve Chair Janet Yellen has
begun implicitly pushing for Congress to step up in terms of policy because
the Fed is effectively out of ammunition.
These are very critical “tells” from those at the top of the Central
Planning economic structure. These individuals know the game is about up and
they know what is coming. They also know that politically the tides are now
against them.
BREXIT, Trump, Le Pen, Duterte, are all part of a larger global trend away
from Centralization towards Nationalism. Whether you like or despise these
people/ issues is irrelevant. Their popularity is the product of the last
eight years of Cronyism/ Central Planning.
This terrifies the global elites, particularly those who have been riding
the crony capitalist gravy train to $ billions. It also terrifies those who
link their power and prestige to the current system (Central Bankers,
academic economists, and media shills).
This is why you are seeing shilling occur on an unprecedented scale in the
media. Those who’ve made fortunes from market bubbles (Mark
Cuban for one) as well as the usual Keynesian shills (Krugman, etc) are
out in full force claiming that if the system doesn’t maintain the status
quo, the world will effectively end.
This is just another version of the Great 2008 Lie, that if we didn’t
bailout certain people/ prop up certain institutions, the world would end. It
was bogus then and it is bogus now.
The fact is that capitalism operates just fine with failures. There were
many firms ready to step up to fill the void created by letting key players
who made business ending decisions fail.
Consider that over half of the current Fortune 500 were founded
during recessions or bear markets in stocks.
Obviously recessions, bear markets and firm failures don’t stop economic
progress. If any thing they promote it much as a forest fire wipes out dead
debris to make room for the stage of growth.
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.
If you, like us, believe that the world is heading for another financial
crisis, you’ll love our 21-page investment report titled the Stock
Market Crash Survival Guide.
In it, we outline the coming crash will unfold…which investments will
perform best… and how to take out “crash” insurance trades that will pay out
huge returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the
public.
To pick up yours, swing by:
https://www.phoenixcapitalmarketing.com/stock...arketcrash.html
|
