Get your money for nothin & your job loss for free

"The most valuable asset they have is their job."  -Neel Kashkari, President of the Federal Reserve Bank of Minneapolis. Then he goes on to say that the odds of people losing their jobs is not remote.

"What the Federal Reserve does is provide the blood supply for the body of our capitalist economy. And what happened in 2008 is all the veins and the capillaries and the arteries collapsed. So every financial function had failed. It had collapsed and we had to restore them." "It's almost like alchemy! You can create money out of thin air if you're at the central bank." -Richard W. Fisher, former President & CEO of the Federal Reserve Bank of Dallas

"Buddy, it's not a question of enough. It's a zero sum game, sport. Somebody wins and somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another. Like magic. That painting cost $60,000 10 years ago. I could sell it today for $600,000. The illusion has become real. And the more real it becomes, the more desperately they want it. Capitalism at its finest." -Gordon Gekko, Wall Street


Key topics:

• Did the system die in 2008? Have we been limping along with duct tape and baling wire all this time? On borrowed time? 
• "Mixed signals about the economy." As I've said before: if you assume someone is lying, the economy is not so difficult to figure out. 
• "The Federal Reserve seems to have our economic fate in its hands." 
• Why would a so-labeled capitalist system need a central bank to pump the blood through it? Makes no sense. Unless you assume it's crony capitalism or socialism in disguise. And pepper in some fascism as well.
• The Scorpion and the Frog. "Are these executives greedy or stupid?" 
• "Banks got bailed out, we got sold out!"
• "But in reality: it played out differently." Rather than hiring and building new facilities, these CEOs enriched themselves and the shareholders. Say it ain't so!
• "We're like a giant bloodsucker." 
•  Unregulated shadow banking. 
•  March 2020 and the D word: depression. 
• "There's no barometer of moral hazard." 
• The Fed points fingers at the state; the state points fingers at The Fed; and we are supposed to forget the incestuous relationship between them. 
• "I'm a good person. I've always paid my bills before."
• "A once-in-a-lifetime financial transition..."

Links:

You can watch the full documentary here:
"Age of Easy Money"  https://www.youtube.com/watch?v=EpMLAQbSYAw

https://www.investopedia.com/terms/b/benbernanke.asp

https://www.investopedia.com/terms/s/shadow-banking-system.asp

https://www.investopedia.com/terms/m/moralhazard.asp

https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/