By Charles Hugh Smith: A few days after the
Covid pandemic was officially announced last year on
1/23/20, I prepared a chart projecting the course of
the pandemic. In my view it still stands, with two
updates: "vaccines months away" has been updated
to "mass vaccinations months away" and "Wave 2" has
been updated to "Wave 4." (see chart below)
The end-point--global depression--is up next.
Very few are prepared for this eventuality because
they put their faith in 1) central banks pursuing an
insane folly and 2) a fragile, brittle global
economy that was already teetering on the edge of
destabilization before the pandemic.
Here's the central banks' insane folly in a
nutshell: to create new enterprises and jobs,
we'll blow the world's greatest speculative bubble
into an even greater speculative bubble. So
in other words, we'll further enrich the top layer
of the Financial Aristocracy who own the vast
majority of the assets we're pushing to the moon,
and by some inexplicable magic, adding trillions of
dollars, yuan, yen and euros to the wealth of this
elite will somehow launch a thousand new thriving
enterprises which will magically hire 500,000 new
workers every month.
