The Weirdest, Most Distorted Economy Ever
Channel: The Nomad Economist
Date: 15/12/2020

The Weirdest, Most Distorted Economy Ever
Approximately two weeks ago a minor press report noted that the US Government has distributed approximately $1.5 trillion in transfer payments (Soc/Sec, IRS refunds and the like). The numbers cited were current, going back through 2005. The truck orders noted above are certainly a key indicator of businesses responding logically to economic policies and prevailing conditions, but the planned distortion of the US economy seems to have been going on for a long time now. Perhaps the experience of spreading dollars around for 10 or 12 years without stepping in a cow-pie is what has incentivized our "enlightened" monetary policy leaders to embrace the notion that everyone is too big or important to fail - hence their debt must be purchased. I'm thinking of opening a Blockbuster Video outlet based entirely on debt instruments, just to get in on the action.

there are incredible distortions in the economic and the financial worlds. The corruption began in earnest during the dot.com bubble over 20 years ago. Since then, the Fed has bailed out every corruption to help save the economy. This requires more and more debt. Now that the liberal socialists are going to be in power, the final end game is going to play out as debt skyrockets to untenable levels. Everything runs in cycles and everything has limits. Except it seems everything except stupidity and arrogance.



For the full transcript go to https://financearmageddon.blogspot.com
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