By: V The Guerrilla Economist
There is one thing that is Kryptonite to the fantasies of academics who never held a real job (Central Bankers) that is inflation.
No matter how pie in the sky, devoid of reality the central Bankers vision of monetary policy is, the proverbial chickens come home to roost and economic mother nature is a bitch with claws and fangs .
They have proven time and time again that they know nothing. I want you to think about this long and hard: the central bank concept is not something new at all. It has been around since the time of the Sumerians and later resurrected by the Riksbank of Sweden back in the 1300s. One common sure-fire pattern with Central Banking is that it does not work, never has worked and always ends in currency debasement and collapse.
The other common thing that is true about Central Banking is that its directors and purveyors have either never worked a real job or business in their life or they are outright con men. Or worse…. They are academians who have no idea what reality is and they think they know a thing or two about how real economics works. There is also one more critical thing, many of them are closet communists or socialists. They hate the free market and what it stands for. They like most modern liberals have a very low view of humanity and believe that humanity must be managed by a “managerial class” . They do this all the while ignoring that there are no such angels in our midst and the greatest manager of men is the market itself. She is a brutal teacher and a rewarding mother all the same.
In today’s modern world it is even worse. The central banker like his political or corporate cousin is a liar who not only enjoys lying but gets off on lying to himself/herself. Everyone with a brain cell and the ability to do a Google search will know that the modern GDP and just about every other economic metric out there is an outright fabrication. The worst offender being inflation as it is something that directly affects the average citizen. Robbing him of his hard work and burdening him with what many call the unseen tax.
In order to understand why we are the way that we are and how so royally fucked we are in the way the system is built you need to grasp how it was put together. The system as it stands today is put together not by men of brilliance and understanding but by grifters and those whose only motive is profit over God and Country. We are the definition of a Plutocracy of Kleptocrats.
A nation that rode the power and wealth created by the Industrial Revolution, a nation that has come out of World War 2 unscathed with their manufacturing intact, a nation that has seen the explosion of prosperity and abundance never seen before, all of it built on the power of the factory floor. Now relegated to the financial equivalent of a Junky with a major addiction problem.
If you were to travel back in time to post World War 2 America told the people back then, that your nations wealth and industrial production will be squandered in favor of quick cheap money that only benefits the .001% they would have looked at you like you were nuts. That there is no way that would happen. The learned among them would recognize that any move towards deindustrialization is a move towards slavery. Some would understand it as a move to impoverish America and destroy her sovereignty and make her a debtor nation. The chart below is thus important for us to understand in deconstructing the narrative.
Manufacturing, the most important thing that any nation needs in order to lift itself out poverty, increase wealth, and create a middle class is the life blood of all successful nations throughout history with NO exceptions.
Manufacturing creates a middle class and for a market economy a middle class is vital. The wealth of a nation is created on the factory floor not in the speculative trading floors of Wall Street. For America to survive the next coming decade it needs to decouple itself from the parasitic FIRE economy and return to its manufacturing base undergirding a real physical economy devoid of preposterous speculation. In the next coming articles, the Guerrilla will break down the FIRE Economy and expose for the wealth extraction scheme that it is.