Today has been a very long time coming, as the federal reserve has to dance the dance between a rock and a hard place, with a piano teetering above their head. Imagine a parallel world, if you will. A world where the federal reserve didn’t believe it could just print money with no consequences. A world where the federal reserve had only two jobs. To prevent bubbles, and to stimulate the economy in a recession. In that world, today doesn’t happen. We don’t live anywhere near that world.
Since 2008, the federal reserve and their quantitative easing program has provided endless cheap, easy, high velocity money into the system. It has encouraged the growth of big tech. It has encouraged the growth of “the climate emergency” narrative. It has encouraged the suspension of reality where exercise bike companies can seem like a phenomenal business model because they have a SaaS model, And, it led to a world where Janet Yellen said she believes that the fed has a role is racial justice.
Today, all the chickens come home to roost because, and I’m not going to pull punches on this one: These people are idiots. It is sad when our politicians, bureaucrats and appointees don’t understand that a) there is no such thing as a free lunch and b) that life is about trade offs and an assessment of risk and reward.
I will quote a friend here: “I think people have an unspoken expectation that the world is without risk, and everything is about not-dying. And, because personal responsibility has been de-emphasized, they expect “larger” institutions to provide that “air cover” to de-risk and by extension “de-dying” everything around them. It also relieves people from really thinking and trying to understand nuance and gray area.“
I couldn’t have said it better myself. The fed is about to unleash holy hellfire on the economy and the world. Maybe, just maybe, it will be the first step towards the normal we have failed to achieve since the tech bubble crashed in 2000. And maybe, just maybe, it will remind people that no one will save them. No one cares it’s their birthday. And if you want to protect yourself, take personal responsibility for it.
Run, David, run for our new world leader! Ok, start with Colorado ‘HEAD OF STATE’ I will be casting many votes for you (as soon as I figure out how the cheaters cast more then one!)🤔
The FEDS kicked the can down the road a little further this morning.....status quo. For now.