If it is not a pandemic or a social justice cause, then it shall be a climate crisis. This will very likely be the next emergency that is sprung around the globe and assuredly, urgency will be stressed. We are not so concerned in today’s podcast to discuss the actual environment, but rather how policymakers act and respond.
Today the House Financial Services Committee heard testimony from Federal Reserve Chair, Jay Powell, and Treasury Secretary, Janet Yellen. A topic that was discussed by both was of course the climate. So let us understand something, these two supposed economic experts cannot even handle the economy and now they are going to help manage the climate? We are sure in their twisted world that this makes perfect sense to them, but in the real world it does not. However, the narrative cannot be destroyed. The narrative is rooted in panic, uncertainty, urgency, and crisis. This serves to provide policymakers with an environment to always do something – regardless as to what that something may or may not be. As we have clearly witnessed over the past year and continue to observe to this day, central banks stand at the ready to flood the system with liquidity and federal governments continue with their ludicrously expensive fiscal policies. These will prove destructive in time and are already having negative consequences that are being felt the world over. Protests, riots, coups, civil wars, and conflicts are not all of a sudden just happening out of nowhere. On the contrary, this is a highly predictable result from reckless and irresponsible monetary and fiscal policies.
Furthermore, we discuss the wealth inequality that exists within the United States and how a significant disproportionate amount is being accumulated by the top 10 percent. Meanwhile the middle class continues to shrink and the bottom 50 percent, while seeing an increase, continues to suffer as well. This is a direct result of a centrally planned economy, with politicians, bureaucrats, and central bankers picking winners and losers. The top 1 percent added $4 trillion to their net worth over the last year. Let that number sink in for a moment within the context of a pandemic and one of the worst global economies ever seen. Yet this should come as no surprise as the whole purpose of QE, is to inflate financial asset prices – and that is exactly what has been happening. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #ClimateCrisis #Inflation #FoodPrices #USA #Protests #Gold #Silver #Commodities #Leadership #Liberty #EndTheFed #bananarepublic #FireCongress