More voices are starting to join ours in criticizing the Fed.

More and more prominent people from the world of finance and politics are beginning to realize that the Fed’s actions have benefitted the few at the expense of the many.

The 0.01% has gained enormously, while the bottom 80% have lost ground. This deeply unfair outcome is increasingly becoming politicized, meaning that the Fed’s era of free reign to shovel ever more money to their Too Big To Fail bank owners and the ultra-wealthy is coming to a close.

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Executive Summary

• Beware the coming reduction in global central bank money printing
• The full-blown ecological emergency
• Uncovering the hidden downside risks to the markets
• Steps to take now

If you have not yet read Part 1: Are You Infuriated Yet?available free to all readers, please click here to read it first.

I keep circling back to the financial markets because they are the chief signaling agent for most people. As long as the markets are doing okay, people’s attention wanders away from our predicaments and towards believing in the dominant "all is fine" narrative.

But, with the crystal-clear connection we see between asset prices and central bank money printing, prices in today's “markets” are really a creation of monetary policy. As a result, the signals the markets send us increasingly have no bearing on actual reality.

Here’s a good example: McDonalds' stock is hitting new high after new high. This is a function of both the ever-rising markets but also of the company's own internal accounting hocus-pocus.

This chart explains much:

(Source)

The red line tells us that MCD’s revenues are down a stunning 15% since 2014. The green line tells us that their stock price is UP an even more stunning 65% over the same time period.

Meanwhile total debt of MCD’s has mushroomed from $14 billion to $29 billion, while total assets have shrunk. Yet MCD's stock price has risen handsomely.

The critical insight this is telling us about today's markets is…

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In a recent article, I noted the various signs that things are unraveling at the periphery. In the comments that followed, plenty of people (myself included) expressed the belief that the various Powers That Be are doing everything they can to limit the damage as much as possible.

After a full weekend of burning up the phone lines and the midnight oil, the central banks of the world seemed to have calmed things down a bit by Tuesday (1/28/14), as evidenced by directional reversals in the prices of various currencies, gold, and stocks.  Everything that needed to head back the way it came, from a central banker perspective, was headed back in the "right" direction.

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In this week's Off the Cuff podcast, Chris and Gregor discuss:

• Unjust Wealth Inequality
  • Growing by money printing vs productive output
• The Evils of Reflationary Policy
  • Stealing from the many to reward the few
• Our Low-Growth Future
  • Less to go around
• Local Solutions
  • Where hope lies

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