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Central bank policies have generated a truly unprecedented “trickle-up” of wealth and income to the top .5%.
Over the past 20 years, central banks have run a gigantic real-world experiment called “trickle-down.” The basic idea is Keynesian (i.e. the mystical and comically wrong-headed cargo-cult that has entranced the economics profession for decades): monetary stimulus (lowering interest rates to zero, juicing liquidity, quantitative easing, buying bonds and other assets– otherwise known as free money for financiers) will “trickle down” from banks, financiers and corporations who are getting the nearly free money in whatever quantities they desire to wage earners and the bottom 90% of households.
The results of the experiment are now conclusive: “trickle-down” has failed, miserably, totally, completely.
Mar 2, 2017
Silver and gold was slammed today. Initial jobless claims is at its lowest point in 44 years. BCBG filed bankruptcy. The art bubble is popping. CalPers threatens to slash pension benefits. Trump sent a message to every American that the economy is collapsing. Rickards, Stockman say Trump will not be able to avoid the debt bomb that is ready to go off. The Fed has set the stage to bring down the economy. BofA has analyzed the market and makes a prediction that the economy will collapse in the second half of this year.
H/t reader squodgy.
‘The Great Economic Collapse’ coming to a country near you, …
… as planned by …
And it will happen exactly, when these bastards press this button …
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H/t reader Squodgy:
“Can this have happened?”
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