Your comments are right on the money.
Sadly, the US is now a semi-socialist, centrally planned economy. The line has been crossed.
FED and the government is now a main economic actor who will determine future winners and losers in the economy.
Corrupt central bank, total lack of transparency both at the Fed and on a corporate level, lack of honest accounting, lack of honest economic statistics, economic propaganda and cheerleading, corrupt media, excessive issuance of money, corruption, massive government spending, artificially low interest rates and high inflation, fraudulent bailouts and covert operations, reduction in individual freedoms, these are all hallmarks of a socialist economy.
If things continue this way, full blown socialism will emerge, with limited private property rights, government financed housing, and nationalization of certain industries.
In fact, even I am amazed how close we are to getting there, with rising calls for direct purchases of houses by the government. De facto nationalization of the banking system is not that far fetched anymore. |
