Blain: There Is Too Much Money Pushing up Prices, And It All Ends With A Guillotine | WHAT REALLY HAPPENED

Blain: There Is Too Much Money Pushing up Prices, And It All Ends With A Guillotine

As it’s a Friday I am contractually entitled to have a rant and whine about whatever I want to write about. Which, today, isn’t really the cut and thrust of markets.

To be brutally frank - we all know what the problems are: Too much money in the markets pushing up the prices of market assets. The fact is too much of that too much money is owned by too few people who use their too much money to buy all these financial assets. These too few people who own all the financial assets get richer everyday as their too much money makes their too many financial assets even more valuable. And these too few people get even richer by getting even more too much money to put into the already too expensive financial markets by “persuading” central banks to keep rates low, to buy financial assets through QE, and get their in-the-pocket politicians to enact tax cuts so their too much money is even more too much money…

With me so far??

Meanwhile, politicians pay for the too much money they give to too rich people, by taking it away from the much more numerous too many too poor people through Austerity. The too many people who don’t have any assets and owe any money they have to the people who have too much money and too many assets – aren’t happy. They blame society, they blame governments and as they get even more unhappy they get angry. These too poor too angry people then get very angry and start blaming people, which is what is happening across the globe.

Webmaster's Commentary: 

The parallels to the situation for the poor, right before the French Revolution (to which this author is alluding) are both unmistakable, and hauntingly real.

So the real question is, when everything fails, and the poorest of the poor cannot take their lot in life anymore, because their poverty has been thrust upon them, will the uber-rich have enough tools of suppression to stop the cascade of fury which will inevitably follow?!?

Only time will tell, but I am not holding my breath for a positive outcome here.

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