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A crucial element, possibly the main pillar of the boom-bust cycle that central banks are trying to steer, is the labor market. Breaking it, and we are on the verge of a massive increase in unemployment if we follow past cycles, is the main goal of the interest rate hike cycle, in order to recapture the inflation once initiated and provoked by money printing.
You simply destroy the consumer, having previously driven him into credit for years during the downward manipulation of interest rates, and thus achieve the desired negative demand effect. A very humanistic approach, in my opinion, but it is the reality within the central bank robbery scheme that those who understand this cycle or have an information advantage, like all the American congressmen who speculate wildly on the stock market, know how to exploit. If these parasites withdraw from the market, absolute caution is required!
AI and robots will crush them
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Yes, and they never investigate them for insider trading. The rich keep getting richer.
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I hate how unemployment is an actual goal of the central bank. Such madness!!!
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50 sats \ 1 reply \ @TomK OP 25 Jun
It is unbearable for me to listen to these parasites talk about the lives and livelihoods of people who, unlike them, have to earn their own money. This unbelievable arrogance, this parasitic existence, the damage that these creatures cause, are all signs of a decadence that has taken hold of our society.
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Boils my blood! My relative almost got fired from Citibank because they are “cutting costs” when they make billions off fake money. And yet as a society we think this is okay!! Treat humans like inventory It’s one thing if your are a failing business it’s a completely different type of evil when your business is unbelievably profitable and you still cut staff!
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What will really matter once the collapse starts happening for real is that so many of those that are capable have left after 2020...
Will be fun when the remaining bug people from accounting and the Bolsheviks from HR have to do real work!
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