re: The "Everything Bubble" that the Fed (and other central banks) have created

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Printing money is a tax on savers and a boon to the people who get something for nothing. It's a cocaine stimulus for an economy moribund with cancerous debt. The more you print, the more you need to forestall the inevitable collapse.

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quote:

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The common sense of the average American knows that the fiat monetary system is nonsensical in the manner it's currently being exercised. I can tell you, if prudent savers were guaranteed 4-5% interest on their savings the markets would lose 30-40% of their value and there are some smart SOBs who pull the levers of power that know this. Is the Fed monetary policy making sense yet?

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Another sinister aspect of this print-on-demand monetary system is the emergence of the PetroDollar pact with Saudi Arabia. The high standard of living we enjoy in this nation is wholly dependent upon the USD’s dominance as the world’s reserve currency.

The PetroDollar pact with Saudi Arabia is the primary reason the U.S. dollar is accepted as the world's reserve currency. Yet how long will this arrangement last? Our entire economic system is in a very precarious situation for 2 main reasons:

First off, we need to constantly remind ourselves that the vast majority of the 9/11 hijackers were Saudis. Saudi Arabia is a brutal theocratic fiefdom that fears violent revolution at home. Saudi Arabia thus seeks to channel these violent impulses into world-wide jihad abroad. It is Saudi Arabia, not Iran, that is the primary source of radical Islam vis-à-vis it’s funding of Madrasas that preach Wahhabism, a violent, fundamental strain of Islam.

Second, the Petrodollar is being challenged by many countries that oppose U.S. hegemony — most notably from Russia & China. The US government, and virtually all western governments are bankrupt — walking financial zombies — due to their dependency upon Fiat currency. We thus need Saudi Arabia more than they need us.

The U.S is never going to be able to cover their financial obligations without either a crippling increase in taxation or a massive cutback in expenditures. Yet Washington keeps fiddling like the party will never end. We indeed just witnessed the largest spending bill in human history because of this insane economic lockdown. It is not going to be a soft landing when gravity inevitably takes over.