Which brings us to our final point, which is that there's been no recovery. It's all a big fraud. There was no restructuring of debt, no rebuilding of household wealth, no rebound in wages, incomes or employment (excluding shitty-paying, part-time, service-sector jobs.) The whole lie has been predicated on a failed monetary policy that has created gigantic, system-devouring asset bubbles in stocks, bonds, corporate debt, derivatives, ETFs, REITs... you-name-it, it's inflated. The Fed has created the same mess it created last time, and the time before that, and the time before that, and the time before that".
Anyway, you get the picture. What was that saying about "Old dogs and new tricks"?
That goes double for the Fed.
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