Now See This – December 9, 2023

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The Breakthrough Arrives

By Peter B. Meyer – 8th December, 2023

Planet Earth has arrived at the most important crossroad in civilisation.

With the aim of enriching themselves, the globalists, with the help of the political establishment, have caused great damage to planet Earth, our society, industry, culture, etc. Now, they are panicking as their corruption is recognised and confirmed over the internet.

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The rich get richer not just from fat pay-checks, but also when those assets go up in paper value. And over the last three decades, Central Banks have made it their business to make sure those assets keep going up in paper value.

The 1990s began with the Dow at almost exactly one-tenth of today’s level. Which means the rich multiplied their wealth – as measured by the Dow – by nearly 10 times over the last three decades. That gain – in terms of the wealth it represents – was worth about $7.5 trillion – based on the increase in the market cap of the Dow stocks. Divided by the top 10% of the population, it turned a gain of about $1 million for every family of four.

During that same time, the median household income went from $35,000 to $78,000 – a gain of just a bit more than two times. Why the big difference in outcomes? How come the rich got so much richer while most not-so-rich people barely kept pace with inflation? As, the top 1% of the population has gotten 16 times more wealth than the whole bottom 90%.

There were probably many causes. But the one that stands out is that Central Banks are backing the stock market with an implicit guarantee, called the Greenspan Put: If prices fell, the Central Bank is there to push them back up.

This CB support begun after the crash of 1987. It then became progressively bolder following the Nasdaq crash of 2000, the mortgage finance crash of 2008, and finally, the COVID-19 crash of 2020.

What this shows is that the CBs’ efforts at inflation work fairly well when applied to the capital markets. There are only so many stocks, bonds, and real estate properties. When the CBs put more money into the Central Bank Economy, in classic style, that money chases up the limited quantity of assets, consequently raising their prices.

Crisis redefine the structure of the global economic landscape. It destabilises small and medium sized enterprises Worldwide, it slows down entire sectors of the global economy including air travel, tourism, retail trade, manufacturing, etc. eventually into bankruptcy.

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