The Evil Empire of the Fed, Treasury and Wall Street are "declaring victory"-- "the recession is over. Can magical thinking and propaganda conquer reality?
The rural residents of Japan who lived far from the war were shocked to learn that the Japanese Empire had lost World War Two. After all, the only news they received was of one victory after another.
"Good Germans" and "good Japanese" alike were also shocked to learn that their respective Empires were Evil. After all, the propaganda which had dominated their media and lives had promoted the idea that their conquests were "freeing the oppressed peoples of the Earth."
Lest you think their belief in propaganda and their shock at the Evil perpetrated by their dictatorships naive, I direct your attention to the propaganda machine and magical thinking behind "the recession is over." Oh, and our financial Dictatorship is Evil, too.
Does saying it so make it so? That's magical thinking. When it's a child of five believing in the magic of incantations, we think it's cute. But when Ben Bernanke and the rest of the Financial Dictatorship spew their incantations ("the recession is over, the recession is over, now click your heels together three times...") then their motivation is Evil: to pesuade the populace their domination is total and they've "won the war"--that is, credit and debt can continue expanding three times faster than the economy forever.
Why? Their dominance, power and wealth depend on the populace's naive belief that "the system" works to their benefit. That is the Big Lie--the system works to the Financial Dictatorship's benefit, not to the citizenry's.
read more @ charles hugh smith
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