That pretty much confirms Helicopter Ben is a victim of the Peter Principle, doesn’t it?
—That pretty much confirms Helicopter Ben is a victim of the Peter Principle, doesn’t it?—
Naw. It’s not that they are dumb. They know there is no way out of this. Their job is not to save the Titanic. Their job is to try to keep it afloat a little longer. They’ve actually been surprisingly successful.
After all, fiat money, markets, etc. depend on faith. Their job is to keep faith from falling to the point where everyone is trying to get out. I call that critical mass. It has taken a while, and they’ve been able to lie and obfuscate long enough to fool enough people to at least have enough faith that we have not hit our critical mass point yet.
It really is looking like we’ll reach critical mass this year, however. I think the election is one of the catalysts.