This article and this one here, and this one explain precisely how the economic-monetary system is being blown up. The pOmo war on reality strikes again!
Let's clarify this! Take a concept like, peace. Tensions and clashing interests will have to be absorbed by self control and endless parley, opine the peaceniks. What they are actually proposing is pretending there's a state of peace. Which makes it an end in itself. But guess what? Sooner or later stress will rebuild. It's a natural state of affairs. You can't make that go away by merely wishing it. Thought does not make reality.
Now let's have a look at the fallacy. Peace isn't an end in itself, but a condition, the result of a number of factors resulting in an equilibrium. Who wants peace, must make sure that these factors are in place. But by basically taking a short cut and aping peace, the result is a peace of plastic and styrofoam. It's the perception of peace, form without content. With pOmothinkers this stuff is on the order of the day!
Now let's turn to the monetary system. Like the peace of the peaceniks, QE is producing fake growth: it's in fact a hoax. Politicians evading the factors leading to growth do so because they hurt. Because prior to growth there's weeding, bankruptcies and creative destruction (here an explanation from nature). That sort of stuff doesn't make you popular as a politician. So they prefer a short cut, and try to think of ways to mimic growth. In the last century we had the printing press and the state interventions thought up by Keynes (tax and spend and the non existent jobs plans). Now we have QE. Like the fake peace, this will collapse at some point. What precisely will happen, no one knows. Here be dragons, no one has ever pulled a hoax like this.
In the picture above is pomo part, a wild attack on values, but note the projection! It is supposed to be Capitalism, but it actually is QE! We're in a bond bubble! We are printing money to buy our own debt!
More clarity: start here >>>
In the picture above is pomo part, a wild attack on values, but note the projection! It is supposed to be Capitalism, but it actually is QE! We're in a bond bubble! We are printing money to buy our own debt!
More clarity: start here >>>