Moving into the fall season, all countries, world leaders and elected leaders in the United States, have the same focus. That is to keep asset prices, mainly U.S. equities, from falling. Every incumbent running for re-election in November benefits from a strong stock market. No effort will be spared in supporting the financial markets through early November. Expect nothing but good good news for the next few weeks.
The link below is an article from earlier this month. The quotes below are from the article.
Good News is Coming Soon (from 8-14-2008)
“Very close to Labor Day, September 3, five days before or after, good game changing news will hit the press and the airways. What kind of good news?”
“Odds are the trade war will be called off.”
When I make a forecast like this, I never expect to be 100% right. The only criteria I have is of knowing the incentives of the various players and observations of previous behaviors. There is no clairvoyance. I have no complex statistical models. What I can forecast is the intention and level of interest in manipulating the stock market. The only thing I can say with respect to how successful the efforts will be is that these kinds of efforts have worked very well up to this point. Never forget that the economy is in the process of rotting from the bottom up. In time, the whole system will collapse as a result. I have no way to say on what day or in what hour that will be.
The good news now being released is of amazing progress in trade talks with Mexico. It is a few days earlier than I expected. It frankly is not all that profound. Rest assured, there is more to come.
What is the business of every country in the world today? It is to enhance the wellbeing of each country’s most wealth citizens. Actually folks above a certain income level may be citizens of one given country or another but they have a global presence and interests which know no national boundaries.
I have explained previously that our world is a huge game of dominance and subservience. Does that sound awful? Of course it does and that is why people indulge in fantasy. Fantasy, euphemisms and wishing however don’t make it anything other than what it is. Who benefits from big government? It is the few who are currently winning in the game of dominance and subservience. Is there a conspiracy in operation. No, there doesn’t have to be. People with common interests work together naturally.
What do the world’s richest citizens want from government? They want high asset prices. They want wealth and income independently of any output. Don’t misunderstand, output is fine but income without it is even better. Actually that is the same thing the poor, the middle class and everyone else wants. The rich have the money and the political power to get what they want out of government. So, for the immediate future all of the worlds resources are going to be focused on elevating the U.S. stock market.
Please notice. Even with all of the criticism Donald Trump gets from the media and the democrats, there is no push back at all on his ballooned up deficit spending, huge tax cuts for corporations and inflation creating tariffs. Wars for profit are never mentioned either. When it comes to transferring wealth and income from the bottom of the food chain to the top, Democrats, Republicans, media and all other world leaders are on the same page., The argument is over technique and precisely who gets the spoils. But, all of the above agree on moving wealth and income from the bottom of the food chain to the top.
The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.
Fantasy Free Economics recommends the following blogs.
Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts
