by Charles Hugh Smith
Of Two Minds
What nobody dares whisper is ‘there is no alternative to collapse’ because the system is now too fragile and brittle to survive.
TINA–there is no alternative–is throwing an orgy of money-creation, and it’s one for the ages: The Federal Reserve has created over $3 trillion out of thin air in a few months and invited all the usual parasites, predators and speculators to the orgy.
You and I, mere taxpayers? We get to watch as our “betters” feast on the Fed’s limitless bounty of free money for financiers and other parasites and predators. Of course we don’t get a clear view of the proceedings; the orgy is all behind closed doors.
What we see is the threadbare comedy of Fed Chair Jay Powell coming out of the orgy to assure us that the orgy is all for the good of the country–ha-ha-ha. Those gorging on the Fed feast inside are in danger of laughing so hard at Powell’s comedy routine they might choke.