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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (172377)5/27/2021 9:23:04 AM
From: ggersh  Read Replies (3) of 217642
 
Well it took reading to the 10th? paragraph to get to something
that bears some semblance of truth

But outside such obvious episodes, central banks were created specifically to fund major national conflicts – not to target inflation or jobs

And here he equates more corporate welfare/socialism, as helping defeat inequality....sigh

In short, the gestalt view is that dealing with Western inequality is needed to prevent the pillars of liberal democracy from cracking. Here we have broad agreement. This requires abandoning parts of the neoliberal international economic consensus to onshore more production and jobs. Here too we have broad agreement. That requires making supply chains more ‘resilient’. Again, there is consensus here. However, in a Cold War environment where everyone wants to do the same thing, this means forcing an entire nexus of supply chains to come home; and the raw materials at the end of it; and the physical infrastructure to get it there safely. There is little recognition of this uncomfortable mercantilist truth - yet. But if you don’t do the above, then dealing with inequality via more stimulus can only end up in supply-push inflation that kills consumer demand and worsens inequality; or at least in a larger trade deficit that worsens inequality.

TJ, China has already won, it need not do anything more but get popcorn and watch the demise, as ameriKKKa is on life support with no method of being cured outside of revolution/massive defeat overseas.
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