Are they really this pitifully stupid?
We are referring to the Elmer Fudd of central bankers and his dim-witted band of money printers, who claim they can’t see any financial bubbles or valuation excesses at all stemming from their $120 billion per month of fraudulent bond-buying.
So JayPo & Co. keeps on firing fiat liquidity at the economic wabbits from printing presses that are virtually melting down, while not noticing that their financial market audience of speculators, fast-buck chasers and con-men are literally laughing their asses off at at the good fortune that is being dumped on their doorstep.
For want of doubt, just consider the contretemps this weekend when legions of Robinhooders turned on YouTube—fingers at the ready on their iPhones—to make a real time killing on the Dogefather’s appearance on SNL. That’s because a bevy of crypto gurus had said the Dogecoin would go viral upon Elon Musk’s much anticipated live-time TV boost and send the coin shooting skyward.