It's just a game to governments and central bankers

in economics •  8 years ago 

Discussed below are two new articles that shed light on the grand economic chessboard controlled by governments while paving the way for more lies and manipulation by the media...

Global central bankers, stuck at zero, unite in plea for help from governments: https://ca.news.yahoo.com/global-central-bankers-stuck-zero-unite-plea-help-123135496--business.html

As Fed nears rate hikes, policymakers plan for 'brave new world': https://ca.news.yahoo.com/fed-nears-rate-hikes-policymakers-plan-brave-world-005117150--business.html

While simultaneously espousing Obama's great economic achievements in the press for years after saving the nation from peril in 2008, central bankers now openly admit there's a very weak economy and a recovery that never was. You know, facts.

While talk of "new tools" needed to fight the next recession unofficially dominated the annual meeting of our monetary overlords in Wyoming, it is quite clear that the main weapon in their arsenal is the same as it was then; to maintain control over human beings by selling a never ending stream of fiction to the public.

"it may take a massive program, large enough even to shock taxpayers"
"hard to convince markets and households that things will get better"
"encourage the shift in mood"
"prevent public expectations"
"do not respond in expected ways"

And this gem… "In modern monetary theory, households and business expectations are felt to play a defining role."

Sounds really modern!

The article ends with this… "It was not clear whether such ideas will catch on. But there was a broad sense here that the other side of government may need to up its game."

A game indeed. Of mass manipulation for the benefit of those who rule us while easily selling the public what they are doing is in their best interests.

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