Speculators - evil despicable speculators. What mayhem they seem to create - what pain for the common man. Would no one rid me of this troublesome speculator?
For those of you accustomed to the bloviating of the political class, the accusatory finger pointed at the evil speculator should not be unexpected. It's an indication that the politicians have generated inflation in an environment where the common man doesn't want it, and they need to find a patsy to blame. But blaming the speculator is as truthful, honest and fact based, and claiming that the markets turned them into a newt.
Villains are so easy to create when it comes to inflation because people don't really understand where it comes from. But they know exactly where a rate increase comes from, and that's why we get inflation. For pols and central bankers, it's the path of least resistance. It's easier than doing something like raising rates, which would be just as unpopular, but would be harder to blame on others.
Among the others available to take the blame in addition to nameless 'speculators' are 'hedge funds', 'the derivatives market', 'foreign interests' (usually someone politically unpopular - American in the middle east - China in America), 'Wall Street bankers', 'Goldman Sachs', and 'the Jews'. None of them will be responsible for the problems created by politicians or the price shifts caused by inflation, but they have historical proven politically useful in taking the blame.
And in spite of the history, politicians continue to show no embarrassment at renewing that particular witch hunt because this time....(say it with me gang) ... it's different.
As an aside - how any Jew in America can be anti-firearms ownership continues to utterly astound me given their history. You would think they know better.
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As an aside - how any Jew in America can be anti-firearms ownership continues to utterly astound me given their history. You would think they know better.
My wife works in an industry that tends to have a large percentages of Jews in the work force.
My occasional conversations with some of her co-workers has convinced me that they are so anti-self defense, that they would still be babbling about the need for gun control as a knife wielding jihadist cut their throat.
Teaching my wife how to use firearms resulted in a reaction of horror and disgust from her co-workers.
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