They keep injecting money and the market keeps going down. Reminds me of the end of "Inside Out" when all the emotions are pushing the buttons and....
it's not working......
Its working just fine.
That is incomprehensibly stupid. It is also a very good way for the people who control dollars to extract the last bit of durable value from total idiots.
Massive panic-selling is a good opportunity to make dollars out of thin air, and give the panic-sellers what theyre asking for!
Note: I am
not suggesting that some monolithic hidden hand is ushering in the age of space aliens, or whatever. Remember what I said earlier about
the vectors of competing interests.
The U.S. Fed has a century-plus history of fucking the markets for the purpose of draining real value, and of helping hydra-head institutional banks to suck up real value. They drain value chronically, in both boom and bust parts of their cycle, via instruments including (but not limited to) the hidden tax of Keynesian inflation (both through the obvious primary effect, and through the secondary effect of encouraging interest-bearing indebtedness by punishing savers). They also do it acutely, as in the Great Depressionor in times such as now, when total idiots are panic-selling all kinds of
value in exchange for a massive infusion of
dollars. LOL!
Other big players may well be desperately trying to stop the market from
dying, because they will die with it. Hey, how many wealthy, upper-class, well-connected New York financiers committed suicide in 1929? Just for example.
Only a fool would claim to know in advance exactly how all of this will play out. And to be clear, I myself am dosing with
Hopium® for technological civilization to last at least a bit longer. It
may. And none of us is prepared for otherwise. Dont argue with me; I obviously know what the fuck I am talking about. 99% of prepper stuff is, unfortunately, a self-comforting illusion. A
few people may be well enough prepared to have a
small chance of long-term survival in the event of a global collapseof
the global collapse, an historically unprecedented event, the Fall of Rome raised by a few orders of magnitude.
I have my Bitcoin. In the event that total collapse does not occur, times will still be tough; and Bitcoin will be a
very useful form of money! And if total collapse does occur, then I will have worse problems than losing all my savings. For you see, I am strictly rational. No hope. No optimism, either. Whatever may happen, I will meet it with dignity: The one thing that cannot be taken from a man.
I scorn all hope: Hope was the ill at the bottom of Pandoras box, the evil of evils, the most malign of all evils. For the lulz, keeping up with the theme of things that I did not study in schoolin this case, something that was always obvious to me: (Gerade wegen dieser Fähigkeit, den Unglücklichen hinzuhalten, galt die Hoffnung bei den Griechen als übel der Übel, als das eigentlich tückische Übel: es blieb im Fass des Übels zurück).
Man and Technics
Optimism is cowardice. Spengler (writing most of a hundred years ago)