by Charles Hugh Smith
Of Two Minds
The global Status Quo–the U.S., the E.U., China, Japan, Cyprus, Greece, Italy, Spain, et al.–has only one choice: do more of what has failed spectacularly.
A key goal of propaganda is to mystify and obscure the Power Elites’ real quandary and agenda. For example: we’re just trying to help you out here, folks, by inflating another “wealth effect” bubble that will make you feel more prosperous. You’re gonna love the warm fuzzy feeling of a return to the good times, even if you own zip-zero-nada in the way of productive assets.
Or: we’re raising your taxes and expropriating your money via inflation to stabilize the system that benefits you. (And yes, you may kneel and kiss Janet Yellen’s ring.)