Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it has swallowed a nation whole. This lack of foresight, however, is not entirely the fault of the public. It is, rather, a consequence caused by the manipulation of the fundamental information available to the public by governments and social gatekeepers.
In the years leading up to the Great Depression, numerous mainstream “experts” and politicians were quick to discount the idea of economic collapse, and most people were more than ready to believe them. Equities markets were, of course, the primary tool used to falsely elicit popular optimism. When markets rose, even in spite of other very negative fiscal indicators, the masses were satisfied. In this way, stock markets have become a kind of dopamine switch financial elites can push at any given time to juice the citizenry and distract them from the greater perils of their economic future. During every upswing of stocks, the elites argued that the “corner had been turned,” when in reality the crisis had just begun. Nothing has changed since the crash of 1929. Just look at some of these quotes and decide if the rhetoric sounds familiar today:
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3 comments:
what I found sad, was, during the great depression, there was not a shortage of food.
people starved because of greed and lack of money.
And the same will be true, again.
I think something is about to happen badly in the stock market.
The greedy actually orchestrate the financial calamity. They are very skilled at manipulating markets from behind the scenes. They simply deny that it is possible to manipulate markets, all the while, doing it at the same time.
The same rich banking families (unnamed of course) will once again, orchestrate and then benefit from the coming collapse.
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