Zero Hedge: For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior:
1. The Fed has perfected moral hazard: everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher.
What happens when participants are confident they can’t possibly lose? They make ever-riskier and ever-larger bets. The entire nation is in the grip of a moral hazard mania, all based on the confidence that the Fed will always push every market higher—always, without fail.
2. Organic (i.e. non-manipulated) market forces have been extinguished. There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter whose recklessly risky bet is about to go bad.
The Fed is now the perfect union of quasi-religious savior and Helicopter Parent: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences! Read More
Opinion: The net result of Helicopter Parent looks like this:
“Go to the ant, thou sluggard; consider her ways, and be wise” Proverbs 6:6 KJV
What is astounding is that the Biden government is encouraging sluggard behavior in an attempt to gain complete control of its citizens in the form of unearned income.
What many sluggards fail to realize is that when Federal Reserve Digital money arrives (CBCDs), it will be programmable, giving total control to authoritarian government.
Laziness has no place in the character of a follower of Jesus:
“And whatever you do, whether in word or deed, do it all in the name of the Lord Jesus, giving thanks to God the Father through Him.” Col. 3:17
