Wednesday, December 2, 2015

IT'S ALL TOO DEPRESSING

Tomorrow, Mario "The Dragster" Draghi is set to pull out his magic tricks bag again

Some refer to Mr. Draghi as the most dangerous central banker in the world. We don't go that far, but close. Draghi, in case you missed it and if you have we can understand why, is Fed Chair Janet Yellen's counterpart at the European Central Bank. In short, he's been earlobe deep in the monetary pool of indecision for longer than it takes a Brussels bureaucrat to spell Grexit.

For much of 2015 central bankers and their MSM shills discounted the old game of Beggar thy neighbor, protesting against anyone who brooked the topic. The suggestion being those who dare bring it up are either cynics or just plain sinister. Central bankers the globe over wouldn't do such.

The proof of the ploy will be how much money departs the euro against the dollar and other currencies after the former Goldman Sachs executive opens his magical bag. You should take notice, if you have not already, that in Paris this week where all the climate change disciples are gathered, one of the main topics centers on a measly 2 degrees centigrade.

That's the supposed magical number if left uncontrolled destined to obliterate the Eco-sphere. And all the golden warblers along with it. Meanwhile, magical Mario and his other central banker compadres around the globe yearn for another magical 2 number, two percent inflation.

That raises a deeply profound question: What's up with that? Now we're aware of a lot of other twos like tea for two; two for tea; two's company, three's a crowd; to be or not to be; two of a kind and too much money business.

And that brings us to this bureaucratic fixation with the nĂºmero two, two percent inflation, two degrees centigrade or whatever. From what we can find out--and hopefully we didn't waste too much time doing so--so we are told these now worshiped arbitrary bureaucratic numbers, or the lack thereof, could screw up lots of peoples' lives. And probably already has.

It's all too depressing.





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