Globalization has created a society of rapacious Ponzi schemers. Fakes and frauds abound from fake Gucci handbags to the people in leadership. Printing money to inflate asset values has papered over the decimation of the real economy. Only "shared" sacrifice will bring an end to this historically epic con job.
Republicans just reached a new all-time low in order to garner votes for tax cuts for the bailout class. First it was strip-mining healthcare, now it's supporting pedophiles for Senate:
The root cause problem with the U.S. is Faux News. It's a colossal blind spot that is assisting the downfall of empire. A genre of empire-loyal news intended to brainwash a base of voters into systematically voting against their own interests. The Republican base has been trained to believe that this is a battle between gay rights and gun rights while their livelihood gets trucked out the back door to make the quarter. Global corporations don't want to create and protect high paying jobs, they want lower costs.
And today's bailed out pseudo-elite are as clueless and as callous as the day as long. After all, they've been taught to believe that printing money is the secret to effortless wealth and that Free Trade is "Free". They also assiduously believe that their ill-gotten Ponzi gains are well deserved and not a function of rapacious exploitation.
Here is the true and rising cost of Free Trade that no serial failed Supply-Sider ever wants to admit.
"The report projects that fatalities related to drugs, booze and suicide, if recent trends hold, could spike to 1.6 million over the next decade. That would represent a 60 percent increase from the number seen in the previous 10 years."
"In stark terms, they are signals of serious underlying concerns facing too many Americans — about pain, despair, disconnection and lack of opportunity — and the urgent need to address them."
The fact that there is no economic reflation and can be no economic reflation without a functioning middle class continues to be their enduring blind spot in this lurching fiasco. Ponzi schemers are constantly searching high and low for signs of out-of-control inflation, even as capacity utilization continues to plummet, wages stagnate, and standards of living fall. The only reflation is in asset prices as a function of Central Banks propping up the casino to the benefit of a dwindling minority. The trickle down fake wealth effect.
ALL of the stock market gains have come at the expense of the real economy. And nothing will improve until there's a sense of "shared sacrifice", meaning that the bailout class takes responsibility for this crisis.
Fortunately, they're not that bright. For weeks and months we've been told that the problems with General Electric were company specific and in no way related to 'Conomy.
Today we found out that's just another colossal lie:
"Core capital goods shipments have been increasing since February, in part fueled by expectations that President Donald Trump and his fellow Republicans in Congress will push through hefty corporate tax cuts."
The rest of the world wants its money back:
CAUTION: Unwinding this massive fraud will be painful for risk...
