GM. Trying to wrap my head around the situation as these clowns try to wrap their purse strings around our necks.

I memed about it yesterday, the doublethink, the non-statements couched with other non-statements, but today I'm not finding it so funny anymore.

Trust the banks, but no bailouts. At the time I thought "Well that's pretty fucking stupid. The only reason to trust the banks is because you know they'll get bailed out." We all know that the Fed is just firing into a crowded street based on old data and neoliberal ideological precepts, but the common wisdom being passed around has been "Don't fight the Fed; they are committed to the mission of reining in the money supply." So which is it?

Is the para-political cartel in charge of regulating the global economy, and therefore all of our lives through asset, commodity and credit prices, a serious but highly flawed institution with an impossible task, or a bunch of sadistic jokers who will literally say or do anything to keep their sad little house of cards standing?

I firmly believe it's the latter, but it doesn't matter. "Don't fight the Fed" is good advice, when paired with: "When you notice that an enemy is making an error, take care not to interfere with the enemy from completing it so you can take advantage at the right time."

And don't assume that they can even recognise the error, as they keep making the same one over and over.

Opt out, buy Bitcoin, fuck the Fed, and pura vida.