What are You Going to Do as Our Money Dies?

The comments below are an edited and abridged synopsis of an article by Adam Taggart

In a recent article, Chris Martenson explained how the Fed and central banks globally have been engaged in the largest and most egregious wealth transfer in history, one that has been exacerbated by the Covid-19 pandemic.

What are You Going to Do as Our Money Dies? | BullionBuzz
Business concept with money representing death of money.

The official response (tremendous monetary stimulus by the central banks paired with massive fiscal stimulus from national legislatures) has been pitched as ‘saving the system.’

In reality, it has merely served to accelerate the transfer of capital from the public to the already-rich.

Central banks have abandoned all pretense of monetary fiduciary responsibility and have simply cranked up the printing presses. Along with the surge of liquidity, national legislatures have added their own emergency measures.

These trillions of dollars are mostly going to the coffers and share prices of corporations. We have seen the fastest and most extreme V-shaped recovery in the history of financial markets since the March swoon. The major indices are back to record all-time highs, despite the carnage Covid-19 has wreaked on the global economy.

Who benefits from that? The people who own those companies. The already-rich. And the official response from our ‘leaders’ in government to the pandemic threat has been: Rescue the markets at all costs!

So the Fed et al have ensured that the Covid-19 pandemic has resulted in a boom for the elite, while the rest of us are experiencing an economic depression that could last for years.

With central banks hell-bent on supporting the rich by sending the prices of all financial assets further into the stratosphere, is high/runaway inflation the natural next stage from here? Will those worrying about a systemic crash from all the intervention and deformation be proved wrong?

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