Guest Post: A Matter Of Trust - Part Two | ZeroHedge
Henry Ford made this statement [above] decades before the debasement of our currency entered overdrive.
The facts reflected in the chart below should have provoked a revolution, but the ruling class has done
a magnificent job of ensuring the mathematical ignorance of the masses through government education,
mass media propaganda, and statistical manipulation of inflation data to obscure the truth.
Mainstream economists have successfully convinced the average American that inflation is good for their
lives and deflation is dangerous to their wellbeing. There are economists like Kindleberger, Shiller and Roubini
who have brilliantly documented and predicted various bubbles, despite being scorned and ridiculed by the captured
mouthpieces for the oligarchs.
But even these fine men have a flaw in their thinking. They can see speculative manias spurred by irrational
beliefs and delusional thinking, but are blind to the evil manipulations of bankers, politicians, and corporate titans.
They believe that humans with Ivy League educations can outsmart markets and through the fine tuning of
interest rates, manipulation of the money supply and provision of liquidity through a lender of last resort, can
control the financial system and avoid panics.
“This story is the ultimate example of American’s biggest political problem. We no longer have
the attention span to deal with any twenty-first century crisis. We live in an economy that is
immensely complex and we are completely at the mercy of the small group of people who understand
it – who incidentally often happen to be the same people who built these wildly complex economic
systems. We have to trust these people to do the right thing, but we can’t, because, well, they’re
scum. Which is kind of a big problem, when you think about it.”
~ Matt Taibbi – Griftopia