The Federal Reserve has pursued the unprecedented monetary policy of lowering rates to zero and increasing their portfolio from 500 billion to over 4 trillion. But as the Fed reminds us, there is a cost.
With Trump having relieved acting Attorney General Sally Yates of duty for her "betrayal" of the Department of Justice, and with the next AG Sen. Jeff Sessions pending confirmation, meet the new - interim - chief law enforcement officer of the United States: Dana Boente.
"Brennan is not wrong to criticize the flaws in democracy. Giving people the vote is no guarantee that they will use it wisely. But restricting the vote to the cognitive elite is no solution. I would rather be ruled by the first thousand people through the gates at the Daytona 500 than the people in that room Friday night with Hillary Clinton and Barbra Streisand. Guess who holds more power already in our society? That’s right: the cognitive elite. That’s how it works in a meritocracy."
The problem for individual investors is the “trap” that is currently being laid between the appearance of strong market dynamics against the backdrop of weak economic and market fundamentals. Ignoring the last two to chase the former has historically not worked out well.
It is time that the people of America faced the reality of how limited their “choices” for leaders really are, and how deeply the repression of real candidates and real issues goes. Every four years, they waste the time and energy of the general public – intentionally – to make a ritual out of giving consent to the psychopathic to rule over the sheeple. These people do not represent or serve you or the issues of ordinary people.
The current market process certainly seems far more similar to the 60-70’s than most people would like to admit. The only question is how long will it take for the “intelligent asininity” of the bullish proletariat to finally wear thin.