"The shepherd drives the wolf from the sheep's throat, for which the sheep thanks the shepherd as his liberator, while the wolf denounces him for the same act as the destroyer of liberty."Abraham Lincoln
The US Federal Reserve and Congress remind me very much of the Troika.
All of them are caught in a credibility trap of self-serving constraints and things-which-we-cannot-discuss-openly. And all of them are sowing the wind, to reap the whirlwind sometime later this year, maybe earlier next year. The timing of such sea change is difficult.
But no matter when it does come, they will not see it coming.
It is important to remember that there is a difference, especially in these days of upper classes and ruling elites, between the people of a nation and their governments.
So when I am hitting the criticism button hard on Germany or the US or the UK for example, I am referring to those who are 'running the show' so to speak. Oh I know very well that they will deny that they are running things, are just humble servants to the people, and so forth when any consequences or blame shows up. But moreso now than ever the ruling classes are running the show with much less reference to their own people than one might expect in normal times, which might be small enough at that.
And a people are diverse, and broadly so, except in crude stereotypes that crush out individuality. There are some cultural markers, some customs that tend to adhere perhaps, but even these can vary widely within a people. Southern Germans are not the same as northern Germans, anymore more than someone from New Mexico is like someone from Brooklyn, or someone from Manchester is like someone from the West End of London.
If anything, I think we are vastly underestimating the rise of the class system once again, with the historic gulf in economic equality. People still tend to remark 'tribal' lines more than they do socio-economic differences, but the class lines are clearly there now. The upper class knows and notes them, and will go to great lengths to get their children in the 'right schools' and with the 'right crowd.'
The US economic numbers this morning sucked out loud. The Fed will still raise rates, because they have stopped caring about the real economy sometime ago. It enters into their calculation primarily as a potential food source for the Banks. There is no recovery, and most economists know it but will pretend otherwise until 'something happens.'
Gold and silver are being capped, by the folks I have noted and for the reasons that are obvious. It is a competing currency that some jokers have decided is 'bad' for them. Oh yes they will make up rationales and stories, but at the end of the day they are being self-serving and corrupt.
Gold is now viewed as 'undervalued' by fund managers.
There are some people who think that the system belongs to them and should serve their interests. And you are not one of them. You may like to think that you are, and a lot of people who are not do. They can point to someone 'lower' on the ladder and exult in their position. Let me assure you, to the real ruling class you are just working a different section of the fields.
It is almost funny sometimes, what people will do and say when they think they can get in with the in-crowd. Oh to be invited up into the big house! But if you show up on the doorstep of real power, it had better be with a serving towel over your arm, and a proper sense of your place. When it comes to sitting down to dinner you and yours are there, on the menu.
And they will continue to distort economic and public policy to serve their own narrow interests until someone finally stops them. They will not stop it by themselves. After all, they are winning...
Have a pleasant evening.
