As longtime RogueMoney readers and listeners know, there's a reason the powers that be are amping up racial and red state vs. blue cities/urban/rural divide tensions. Whether the fights are about Confederate statues few black or white paid attention to before or the legacy media's demonization of President Donald Trump from 'Putin's puppet' to Klansman/'Nazi'/'White Nationalist': it's all a big distraction from the American and western economies coming apart.
Even Germany the star performer and outlier is slowing down under the weight of general EU stagflation exacerbated by sanctions designed to fuel FUD and wreck trade with Russia -- though the mainstream media are generally downplaying signs of slumping German growth or stagnation to boost Chancellor Angela Merkel's reelection to a 4th term. The Canadian and Australian housing bubbles pumped up by easy money and Chinese buying sprees are popping. Commercial real estate followed by the rent is too damn high bubble in the U.S. are certainly next.
The central bankers know it's game over for the Fed put extend and pretend game they've played since 2008 -- hence the rumors of war with North Korea abroad and attempts to whip people into genuine fear of a second Civil War at home. -- JWSRead More