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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

January 22, 2015

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RUNNING ON FUMES
By Fred Hickey

(condensed)

Money printing never works – and it never has in all the times it’s been tried in thousands of years of financial history. As the result of money printing, there are unintended consequences such as cost of living increases, widening income and wealth disparities and the disruption of the capital allocation process which leads to malinvestments and lower rates of productivity that actually depress economic growth rather than enhance it.

Nevertheless, Wall Street and its paid shills (market strategists) pump out as much propaganda as they can in order to obfuscate the obvious that central bank money printing is not the magic elixir to fix all our unaddressed problems. Wall Street wants investors to believe that despite their miserable records, central bankers (central planners) have everything under control, that they can utilize  just the the right amount of money printing to stabilize and lift the economy, that they will eventually be able to raise (“normalize”) interest rates (not triggering the debt bomb) and we’ll live happily ever after. We’ll be living in a new fairy tale world where stocks rise every year by 10%, where there’s never a bear market, a correction, or even a four-day losing streak. Investors might want to keep in mind that if it were to benefit their bonuses, Wall Streeters would also try to make everyone believe in Santa Claus, the Easter Bunny and the Tooth Fairy.