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Albert Edwards: “Citizens Will Soon Turn Their Rage Towards Central Bankers”

People should really be angry at the individuals and corporations that own and operate the central banks as they are the ones pulling the strings. The politicians and heads of the central banks are just puppets that do as they are told.

Livinglies's Weblog

During the populist revolt of 2016, which first led to the “shocking outcomes” of Brexit and then Trump, we cautioned that these phenomena were merely the “silent majority” of the developed world’s middle class expressing their anger and frustration with a world that has left them – and their real disposable income – behind, while rewarding the Top 1% through policies that have led to a relentless and record ascent in global asset prices, largely the purview of the world’s wealthiest. More recently, we also noted that it was only a matter of time before this latest “revolt” fizzled, as the realization that changing one politician with another would achieve nothing, and anger shifted to the real catalyst behind growing global inequality (and anger): central banks.

In his latest note today, Albert Edwards picks up on this theme to write “Theft redux: the citizens will soon turn their rage…

View original post 1,334 more words

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