Friday, April 24, 2015

Maximum Harvard Risk

Central banksters are ALL IN for the first time in world history. Even as their global pseudo-recovery grinds to a halt.

One by one throughout this pseudo-recovery, the major central banks have been cutting interest rates to zero and printing money to prop up stock markets. Giving lie to the notion that this was even a recovery.
It was all a vain attempt to stem the relentless deluge of Third World deflation imported at an ever greater rate by multinational corporations. Competition that wipes out local businesses and destroys jobs. Central bank liquidity is merely heroin to a dying cancer patient. Worse yet, the 0% interest rates destroyed millions of jobs via capital substitution aka. automation. Something Bernankenstein's new boss even noted. There are 7.3 billion people on this planet, most of whom are unemployed, the average human being lives on $2.50 per day or less. According to Econ 101, the marginal cost of labour is $2.50/day. What the fuck were these morons thinking?

Now they're ALL IN. Maximum Harvard Risk.