Sickened by the hocus-pocus of most economic geniuses featured on TVs and their complicated gibberish language that continues to confuse all of us, i found out that:
Simplicity hurts as it exposes the ongoing economic trickery and manipulation.
It is shockingly foolish how today’s media misinterpret what is happening economically. Let’s stop this rant and get to the point.
What caused and who caused the financial crises?
Ups and downs. Peaks and valleys. Booms and busts. This is the choreography of most economies worldwide. Who oversee and have power over the economy? Central banks not governments.
So goes the central bank, so goes the government, so goes the economy.
Central banks supply and extract currency in the market. They print currency out of thin air, inject it then extract it. Recessions, depressions, great depressions, slowdowns, inflation, deflation, stagflations, crises, busts, meltdowns and collapses are the outcomes.
Always learn from history. History is a great teacher and helps us to connect the dots that they want us to disconnect.
The next financial crisis.
The number of analysts, commentators and economists whose job is to predict the next financial crisis is huge. The point is not the exact timing of the next financial crisis and the necessary precautions that should be taken.
It is about the cure.
Curing cancer with aspirins does not make any difference. Radiotherapy and chemotherapy are not curing medications. They alleviate the pain and clinically make it worse. Eliminating the source of the disease is the solution not the number of doses given to the patient after cancer has infiltrated and spread over the whole body.
What is the source of the disease?
What is the root of the problem?
To be continued….. in part 2