The Death Of Truth & The Rise Of Centralized Government Control zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
very dangerous thing to economies and societies, and always climaxes with more centralized control in its wake.
The problem for the 21
st century, however, is that almost no global policymaker (left, right or center, European, Asian or American) wanted to touch this $280T debt elephant in the room.
Instead, they buried their heads for years in the sand and sought re-election with promises paid for with, alas, more debt.
In this openly embarrassing backdrop (long
before COVID), economic orthodoxy had been tossed into a corner as governments around the world took on fatal debt levels like this:
…paid for (i.e., “monetized”) with mouse-click fiat money like this…
The Death of Truth & the Rise of Centralized Government Control
centralized government control, regardless of one’s take on vaccine or no vaccine.
Focusing on financial rather than viral data, the evidence of centralized state control over natural market forces in the stock and bond markets is becoming increasingly incontrovertible.
We’ve written elsewhere about the
Debt Crisis Disguised as a Health Black Swan
Long
before COVID reared its highly controversial head (from viral source debates, baby-with-bathwater policy reactions, censored science as to vaccine efficacy and safety, distorted math on infection rates vs death rates, and centralized government control by officials acting “for your own safety” vs. Constitutional and legal issues of individual choice), the global financial system was