The worship of mortals as demi-gods and faith in Golden Idols triggers a turn in the karmic wheel as near-infinite hubris invites divine retribution. In case you missed it, here's a snapshot of the most recent Federal Reserve board meeting: It's certainly a peculiar moment in history when the President chides everyone who hasn't gained 90% in their 409K (sic), seemingly unaware that only the top 5% have enough in a 409K to make a difference. President Trump and the Federal Reserve agree: the "solution" to inequality and malaise is to boost the 409Ks of the top 5%, leaving the rest of the American workforce as glorified servants of the few who benefit from a record-setting stock market. Note to the Prez and the Fed: goosing the stock market only increases wealth/income
Charles Hugh Smith considers the following as important:
This could be interesting, too:
Mike Shedlock writes Fed “Temporarily” Blesses More Leverage: What’s Really Going On?
Charles Hugh Smith writes The Wonderful Insanity of Globalization
Mike Shedlock writes Covid-19 Recession Will Be Deeper Than the Great Financial Crisis
Mike Shedlock writes Florida Governor Finally Restricts Movement To Essential Services
My recent books:
Thank you, Marsha F. ($50), for your stupendously generous contribution to this site -- I am greatly honored by your steadfast support and readership.
Thank you, Theodore K. ($20), for your most generous contribution to this site -- I am greatly honored by your support and readership.