Debt Rattle August 25 2017
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Au contraire, the Fed is still very much in control. Why are stocks continuing to be bid up against the expectations of many here? It’s because the Fed is a guarantor, implementing policies that seek to avoid too much stock market disruption. If you had no Fed to back up the money creation of central banks, “investors” would be a lot more cautious.
Regarding that ancient Babylonian trig table, they didn’t mention what might have been its most important application: astronomy. Also, there was no mention of how they dated that object. I can’t help but wonder if it might have been a hand-down going all the way back to the Younger Dryas (12,800 – 11,600 years ago). The whole topic of advanced, ancient civilizations prior to the end of the last ice age is one of the deepest rabbit holes I’ve ever explored, but boy has it been worth it. If you haven’t already cut your teeth on the topic, here’s an easy way to get a taste:
And if that wet your whistle:
Why is that we need inflation? Debt repayment renews a line of credit. Economists say it destroys money. Failure to repay debt is destructive to the household or business. Amazon creating efficiency for Whole Foods faux scarcity inflation will not come close to what Aldi and other chains do.
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The question may well be; why do we need capitalism, or any other ism, to do our day to day commerce?
Seems a sophisticated society is just that; sophisticated (adj.), aka, truth/meaning, twisted, as in sophist…
We’ve been buggerd, fooled, tricked, bullshitted, lied to, exploited.
Which is just what the money lenders/bankers intended from day one.
Understanding that is freedom…
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