We’ve all heard the term Military Industrial Complex, but economist Peter St. Onge has come up with a new term for the actions of central banks as they vainly attempt to “manage” the economy: the Crisis Industrial Complex.
In essence, the Fed plays venture capitalist to the crisis industrial complex. Financing each crisis in that vulnerable early stage when voters might not be up for paying $14 trillion to run around Afghanistan, or $7 trillion to pay people not to work, or the $50 to $90 trillion — not a joke — they want for a New Green Deal.
This bridge financing is important in that start-up stage of a new crisis, when the product’s not off the ground yet. Like offering a free trial to get somebody to subscribe, it has to be free long enough for the parasitic supporting infrastructure of academics, activists, media, and crony companies to build up, to metastasize. That venture stage manufactures the consensus, identifies and censors the dangerous conspiracy theories, keeps the money flowing to the opportunists who will sustain it as a permanent parasite.
Well Duh.
“Imaginary Hobgoblins,that they proclaim they protect us from.”to summarize .
They are in the crisis business.
Emergencies are even better.
For using emergency powers,they can rule,without regard to law,ethics or decency.
And the State is an emergency now.
Overgrown.
Bloated.
And useless.
Our Enemy.
Wow, is that description not spot on? They identify a crisis then suckled it until it’s existence is recognized. Then they open the flood gates to fund it.