Fighting the wrong battles
by Chris Martenson, Chris Martenson’s Peak Prosperity:
So let’s pretend for the moment that the Federal Reserve gets everything it has stated it wants. And even further: that Washington, D.C. gets everything it wants, too.
The credit markets are repaired, and massive new loan growth flows out the door. Loans are made to businesses that hire gobs of new people. Consumers borrow and borrow some more to go to school and buy homes, cars, and gadgets.
Inflation remains low and job growth explodes. Tax receipts climb and the deficit falls. The stock market goes higher and higher, gold falls and then falls some more, as confidence in the system, its masters, and its institutions grows.
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