This article was written by Brandon Smith and was originally published at birch gold group
One thing that always surprises me in the world of finance is how mainstream economists always seem to be behind the times. Not so long ago, the two economists, Janet Yellen and Paul Krugman, were probably at the forefront, both ignorant (or was proven to be strategically dishonest). In fact, they both consistently denied that such threats existed until they were crushed by the evidence.
This tends to be the modus operandi of top-notch established analysts, and the majority of economists out there simply follow the lead of these gatekeepers. I fear that if they present contradictory theories, they will be expelled. Economics is often inherently absurd because Ivy League “experts” can be wrong again and again, yet still keep their jobs and rise through the ranks. It’s a bit like Hollywood in that sense. They fail upwards.
Meanwhile, alternative economists continue to hit their mark with our observations and forecasts, but they’re not looking for the right people, they’re looking for people who keep the lines, so from established publications You will never receive a job offer.
And so it goes. I look forward to the approaching day when all these men (and women) will desperately declare that “no one thought this crisis was coming”. After things got even worse, they would all come out and actually say, ‘He saw the crisis coming and tried to warn us.
The hope, of course, is not to earn credit (because that doesn’t happen), but to get as many people as possible to wake up, listen to the dangers ahead, save a few lives, or save a few. is to inspire the rebels of in the process. In the case of the established Yesmen, the hope is that they will face that left hook out of reality and lose credibility in the eyes of the masses. They deserve to sink with their ship – they are disinformation agents Either they are too ignorant to see the writing on the wall and should not do the work they have.
The recent US bank failures have seemed to ring a bell in the last two months, and that’s for sure.in a questionnaire Managed by the World Economic Forum, more than 80% of chief economists say central banks “face a trade-off between managing inflation and maintaining stability in the financial sector.” They now warn that price pressures are likely to last longer, and a prolonged rise in interest rates could expose more vulnerabilities in the banking sector and undermine central banks’ ability to curb inflation. I predict. This is a major reversal from the original message of a magical soft landing.
Imagine. Alternative economists, myself included, “Rant” for yearswhat they once said was a “conspiracy theory” or the ruined business of Chicken Little, now accepted as fact by the majority of economists surveyed.
But where does this put us? After accepting, I usually panic.
The credit crunch has just begun, Bankruptcy of the First Republic Bank Entering JP Morgan is the median step to a bigger crash. The hope is that the US Federal Reserve (Fed) will step in and throw in more stimulus to keep the system going, but it’s too late. My position has always been that central banks will intentionally create a liquidity crisis through steady rate hikes. This happened now.
The Catch-22 scenario has been achieved. Like before the 2008 credit crisis, all the Fed had to do was raise interest rates from about 5% to 6%. Now it’s happening again and they knew it would happen again. and has an exponential stagflation problem.
Prices will skyrocket further if the Federal Reserve cuts interest rates. Keep interest rates at their current levels or increase them and more banks will collapse. Most mainstream analysts expect the Fed to return to near-zero interest rates and his QE in response, but even if that were to happen (and I doubt it would), the result would be ” It’s not what the “experts” would expect. Some people realize that quantitative easing is an unrealistic expectation and that inflation will crumble the system as quickly as a credit crisis, but few of them.
A May World Economic Forum report outlined this dynamic to some extent, but did not mention the far-reaching benefits of the coming crisis for elites. For example, a big bank like JP Morgan can buy a small failing bank for a cent on a dollar, just as it did during the Great Depression. And globalist institutions like the WEF will get a “Great Reset” that threatens ordinary people to adopt more financial centralization, social control, digital currencies and a cashless society. I hope
For the average concerned citizen out there, this narrative shift is significant. It’s time to prepare and hide. They will never admit the truth unless the worst-case scenario is at hand.