Government Fiscal Policy, Dictated by and for the Benefit of Wall St.

via Mark St. Cyr:

It is the great free lunch of capitalism. Rank and file voters believe that one of the primary motivators of governmental decision making is how those decisions will impact them.

It’s not that the government exists at the back and call of the 1%. That includes far too many who are far too uninfluential and connected. The decisions, especially of the Fed, are made to benefit the 1% of the 1% of the 1%, the highest-placed executives at the largest Wall St. banks.

And given this power structure (when push comes to shove, Wall St. flat out tells Congress what to do when Congress votes the wrong way, and Congress obeys), policy boils down to whether or not the richest and most powerful men on Wall St. honestly care what happens to the average American citizen, perhaps the single most preposterous proposition of all.

I’m correct and they have been selling you smoke-and-mirrors. And what’s really concerning you, is there are cracks forming everywhere that you seem to be aware of, yet don’t want to consider. What you seem to be asking for is another mirror, or more smoke, as to just pretend it’s not happening.

Again, what you seem to not want to ask yourself is the fundamental question, which you should, and that is: Is it not funny how this all is happening – with near precision timing – now that the Fed. has reversed course?

I’m correct and they have been selling you smoke-and-mirrors. And what’s really concerning you, is there are cracks forming everywhere that you seem to be aware of, yet don’t want to consider. What you seem to be asking for is another mirror, or more smoke, as to just pretend it’s not happening.

Again, what you seem to not want to ask yourself is the fundamental question, which you should, and that is: Is it not funny how this all is happening – with near precision timing – now that the Fed. has reversed course?

If you combine the latest discussions emanating via Fed, officials, along with current gyrations within these “markets,” what you have is the resulting amalgamation of policy wonks channeling the Sorcerer’s apprentice, tinkering with spells and devices they have no true fundamental understandings with (e.g., all academics) all seated around a “monetary caldron” known as fiscal policy. And the resulting fiascos are beginning to show.

The real trouble with all of this?

People, far too many ordinary, as well as well-intentioned business leaders think or believe – they actually care about what happens to you, your family, or your business. Hint: They don’t.

Well, not from their position of power, that is.

ORIGINAL SOURCE: Are We About To Reach That ‘Margin Call’ Moment, Again? by Mark St. Cyr at Mark St. Cyr on 5/15/18

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