3 ms·
> It took some work to get it done... Except, this was just a temporary measure, and largely was rapidly undone through concerted effort from the Fed and its p
by trod1234 1y ago
> It took some work to get it done...
Except, this was just a temporary measure, and largely was rapidly undone through concerted effort from the Fed and its partner money-printers (following the abandonment of the sound dollar policy/petrodollar), along with the legislative repeal allowing stock buybacks, dark pool/PFOF takeover of the market, commodity warrant printing (money printing to suppress and yield farm differences), etc.
The can has been kicked down the road so many times, and as happens, eventually juggling all those up in the air causes multiple of them to drop at once and the dynamics of the resources needed to overcome become simply unavoidable.
Many believe that we'll simply fall back into a Gilded Age, but Socio-economic collapse with an immediate malthusian reversion following Catton's updated model is far more likely.