Central bankers these days are seriously trapped. They cannot now reverse their policies for that means they have to admit that they have failed. That is far more serious than you might imagine. To even entertain backing down from negative interest rates means they have to admit that Keynesian/Marxist economics has failed and therein socialism, which is based upon the very principle that government can and is capable of managing the economy.
The Federal Reserve’s long-term influence hinges in part on its ability to convince millennials that its current policies can help push inflation closer to the central bank’s 2% goal. That’s not as easy as it sounds, because this cohort has both a different history and current relationship with this economic variable. Why?
In a recent Reason-Rupe Survey, 58 percent of Americans ages 18–24 said they viewed socialism favorably. However, when asked if they favored a free market economy or a government-managed economy, 64 percent of Millennials said they favored the free market. How is it possible for Millennials to favor both a socialist government and a capitalist economy? The answer is simple, Millennials simply do not understand what either of these words really mean, especially capitalism.
Never in a million years did we think Hillary herself would so publicly enter the Media Wars.The speech itself was pretty bizarre.. and will ultimately backfire by providing free publicity and fame to many of those she intended to demonize. Precisely because she is so polarizing, Clinton can only make an opposing movement far stronger by engaging in direct attacks on them. She is incapable of being a unifying figure for this country, so the moment she calls out a group as her enemy, many people on the sidelines will suddenly say, well maybe they’re not so bad.
"The relationship between those who are constantly watched and tracked, and those who watch and track them, is the relationship between masters and slaves." Ask yourself again. Are we citizens or are we slaves?
“...the only way gold loses is if normal business and private sector cycles come back. If that is the case, gold goes back $100 per ounce. The other outcomes: deflation, stagflation, hyperinflation are all good for gold.” As for a return to a gold standard, Shvets has more bad news: “Gold standards come back after the war, not before the war.”
Abuse. Deceit. Extortion. Not exactly great ways to win friends and influence people. It’s as if Barack Obama pulled together the smartest guys he could find to make a list of all the ways the US government would have to screw up in order to lose its enormous financial privilege… and then he went out and did ALL of them.
"Each participant was given 200 milligrams of mescaline – the equivalent of 100 micrograms of LSD – and left to listen to classical music with their eyes closed for a couple of hours while the drug kicked in. Then, they were let loose on their problems. The results were startling. There were breakthroughs or partial solutions to 40 out of the 44 problems the volunteers were collectively grappling with."