Bankster Comet Screen
As is evident to my long-time readers, I am adamant about shining lights on what I view as outrageous and cockamamie news and ideas on all matters of money, markets and investments. So, as soon as I read about one of last week’s top stories, I knew I couldn’t sit silent on this one. So, here I am, on my Recovering Bankster soapbox, once again, to Hulk smash it to smithereens.
For anyone who’s keeping tabs of my fledgling Weekly Market Roundup, which I put out weekly, you may have noticed that the 10-year government benchmark yields have been steadily rising over the recent weeks and months. And it also doesn’t take a rocket scientist to take note of the rocketing valuations in the stock markets.
In my humblest of Recovering Bankster opinion, these are growing marks of rising inflation. That observation too should be of little surprise to anyone who’s been here for a while.
But of course, our esteemed central banksters know better. And this week, out trots the dean of today’s central banks, Mr. Jerome Powell, comfortably sequestered in his US Fed offices.
Fear not, he proclaims!
This found in an item on CNBC titled – “Powell says inflation is still ‘soft’ and the Fed is committed to current policy” (1)
Well, if that isn’t the surprise of the century, I don’t know what is.
Of course, I’m being facetious.
The first thought that came to my mind is awe over how people still take central bankster proclamations as economic and monetary gospel. They said it so it must be absolutely untarnished and true.
Except, it’s not. We need to accept that no central bankster will ever come right out and say something to the effect of:
“Yeah…so…inflation…it’s a bugger, ain’t it? Turns out it’s about to get out of control…you’d be best to prepare yourselves. Honestly, we really never knew what we were doing so don’t blame us. If you’re looking for someone to blame, blame yourselves for not being prepared and for putting any stock into what we were saying…Good luck, everyone!”
Let’s think about that sensibly. What good would it do for any central bankster to admit that inflation is or is about to become rampant? Even if it’s true that inflation (or dare I suggest potentially hyperinflation) is on our doorsteps?
They can’t because if they do, they’ll cause a self-actualizing event. In other words, panic would definitely ensue.
I’m reminded of a movie of yesterdecades. It was called Deep Impact. Yes, the one about the comet on a collision course with Earth. Yes, that one. Yes, I saw it because…well…Morgan Freeman.
Anyways, what does it have to do with money, markets and investments? I recall that when the comet was first identified as a threat to the planet, the “powers that be” decided the first and best course of action was not to tell anyone. The idea was not to make it news lest it set off mass hysteria and disrupt their plan to hide away a select handful of people who will then repopulate the planet after impact.
So, there you have the comparison. We have an inflation comet headed our way and our gracious banksters would rather paper it over and pretend it’s not of any worry. Why? A part of me wants to be cynical and say they have their cabal of banksters to protect so that they can prepare for the devastation before it takes place without setting off alarm bells with the mass population.
Or the reasoning could be less nefarious. Perhaps they truly don’t believe it to be an issue. So yes, there you have it. I acknowledge you’re more likely to listen to and trust an Ivy League trained bankster than you are some lowly Recovering Bankster with enough time on his hands to squeeze in a blog post once a week. But just don’t forget who’s down in the daily trenches with you and who isn’t. And then ask yourselves why the other guy isn’t here with us. Or, perhaps another way to look at it, why are we not out of the trenches and in the comfortable halls like the Fed?
In any case, we can’t sit around, nodding our heads like zombies and accepting everything we’re given to ingest. We must employ some critical thinking and draw our own conclusions from what bankster are and are not saying.
But anyways, at least there’s someone on Wall Street who somewhat agrees with this lunacy:
“Mr. Powell presumably wants to try to persuade markets that a strengthening economy does not necessarily mean that rates have to rise. Good luck with that when the post-Covid surge in activity [becomes] clear.”
That was Ian Shepherdson, chief economist at Pantheon Macroeconomics, being quoted in the CNBC article.
Be this all as it may though, as I stated a couple of episodes ago, it’s time to focus on solutions rather than just problems. Don’t get me wrong. We can’t identify solutions before knowing there’s a problem. And that’s part of the problem these days in the financial world – most people don’t see that there IS a problem.
Still following me…after all those problems?
So, one of the biggest problems I try to drive home on this podcast is that the banksters who pose as experts and professionals on your personal financial well-being are anything but. They may, to one degree or another be experts or professionals, but it is most definitely not in any efforts of your best interest.
As such, the solution is not a difficult one. Although it might be tempting to advocate ignoring them completely, that too is a fool’s errand. Because investing and building wealth based on what we think should be also is not a long-term recipe for success.
Instead, it would behoove us to understand what is going on around us and using it to our advantage when building our wealth, acknowledging the two sides of the coin as we go – that Banksters aren’t working in our best interest on the one side, while on the other side recognizing we can’t completely block them out and ignore them during our journey. Yet again, as I channeled Robert Kiyosaki a couple of episodes back, we need to move forward on the third side of that coin – the edge.
Then again, what do I know? I’m just a ranting Recovering Bankster.