Of the three games in town, only one isn’t doomed: the real economy.
by Charles H. Smith, Of Two Minds:
Last year, Senator Schumer (Democrat, N.Y.) famously told Fed chairman Ben Bernanke “You are the only game in town.” Really, Senator? What about the real economy? Bernanke and the Fed’s machinations are indeed the only game in town for the parasitic financiers, but unnoticed by the Senator, America’s real economy is innovating away from the dead hand of the Fed and its toxic spew of free money to the predatory class.
There’s actually three games in town: the financier game the Fed is playing that will end in collapse, the Federal government’s borrow-and-blow trillions of dollars game that will also end badly, and the real economy, where millions of people don’t give a rat’s rear-end about Bernanke’s latest attempt to placate the financial Monster Id he has created.
Bernanke is irrelevant to millions of people who are building the next economy beneath the rotting soggy mess of the financialized one Bernanke is attempting to resuscitate.
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