Submitted by Tyler Durden on 01/25/2012 11:02 -0500
Federal Reserve
Guest Post
Meltdown
Moral Hazard
Purchasing Power
Reality
Submitted by Charles Hugh Smith from Of Two Minds
What Have We Learned In the Past 13 Years?
We have learned nothing since 1999 except the Central State and Central Bank will intervene in the market to bend price and risk to serve the Status Quo.
If we learn nothing, then we deserve to lose. This is not a popular concept in America at this point in its history, when monumental errors are denied, excused, rationalized or quickly absolved by those who committed them.
As a small-fry investor, when I veer away from my discipline and system, I predictably lose money. As I sift the ashes of the trade, I always remind myself: if I learn nothing from my studies and experience, then I deserve to lose.
What exactly has America learned since
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redpill
redpill's picture
What we need to learn is that there is one giant, magnificant lie that is the heart of central banking in the western world: that it exists to smooth out economic volatility and improve the lives of the citizenry. This is utterly false. Central banking in the western world, at it's core, exists to get people into debt, and to keep them in debt so that they pay as much in interest to the financial system as possible over the course of their lifetimes. As long as we continue under the false impression that central bankers in the US and Europe are operating in our best interest we will be debt slaves.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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