It’s time to raise interest rates: Record-high job openings and employers struggling to hire, it’s time to NORMALIZE interest rates and let zombie companies DIE! – October 29, 2021,
The legacies of Barack Obama and Ben Bernanke from an economic standpoint were that these were the men who normalized CORPORATE WELFARE. Donald Trump claimed he would drain the swamp, he lied, Trump was successful in making the swamp more efficient, to his detriment I might add, and now the swamp creatures of all swamp creatures Joe Biden walks around like a king a throne, with not a care in the world.
The real economy is trying to find an incentive to return to the old normal and thus far it can’t find it, primarily because the working class is beginning to notice that the central planners are intentionally making them poorer. Even if the working class can’t properly articulate the situation, they know something is wrong is with the money they’ve been working for all of these years.
First Obama gave Corporations free money at the expense of the working classes, then Donald Trump attempting to buy votes sent Americans free money, and now Joe Biden attempts to do both, not only does Joe Biden want to send Americans free money for doing nothing, but Biden also wants Corporate welfare for his buddies. Wisely the working class is coming to the realization that CURRENTLY fiat money is not worth WORKING for and they’re holding out for a NEW DEAL!
In a real economy, the working class person is happy to invest or gamble their savings in hopes they can avoid working in the future. The Central planners have destroyed this dream by ARTIFICIALLY raising the cost of living with ZERO percent interest rates and by promising their government workforces fat pensions at the expense of CURRENT working classes.
Even if the working classes don’t understand the specifics of how they’re getting screwed, they know they’re getting screwed and as I like to point out, not every working-class person is in debt, a lot of working-class people can’t even get into debt, because they don’t qualify, maybe their credit-worthiness is not up to the standards, or the cost of living is simply too high for them to imagine a better tomorrow.
The market requires cleansing and change, which means that companies that and entities that should have gone bankrupt under Barack Obama, should be allowed to fail NOW! The employee is tired of propping up failed ventures, new ideas, needs to come into the marketplace and these new ideas can’t flourish if the cost of living is not reflective of the working-class man and woman.
If the central banks weren’t allowed to meddle in the markets, it’s not to say life would be perfect, but government dependents wouldn’t be looked at as victims, and corporations with clear political agendas, would have to bow to market forces if their political leanings weren’t reflective of their customers. In this modern era of corporate welfare, everything is politicized and therefore the marketplace is getting saturated with JUNK!
The truth of the matter is that it often takes central planners years, possibly decades to comprehend that if they’d get out of the way the market would fix things. Yes, the market fixing problems can be ugly, but that’s how humanity progresses, nothing happens in the perfect manner we wish it would, but humans want better and when the right people are allowed to innovate what the market wants, prosperity reigns.
I personally think the article below, misses the mark, the believers in big government, and central banking, don’t appear to understand that weaponized U.S dollar is the problem, the Central banks have weaponized their fat currency against the people and people are beginning to wake up to it. I personally think Bitcoin is a dumb idea, but it’s flourishing, why? Because people know there’s something wrong with the digital fiat dollar, the fiat dollars of this world aren’t reflective of the real economy and people are going to the extremes to find something of VALUE.
What good is an $80,000 per year job if a family’s cost of living is $100,000 per year? 1 working-class man WITHOUT a high school diploma in the past could provide for a family of 5, including a wife. Because of the cost of government, that’s doesn’t exist anymore and this is happening while technology is bringing down the cost of living. People know something is wrong and to remedy this problem means that zombies have to be killed, no more brain-draining for the zombies.
Interesting times ahead
