Sugar Daddy FED Creates Generation of Prostitutes

76
Sat, Jul 9, 2016 - 11:47am

Economics is based on human behavior. “One of the central tenets of economics is that people want certain things and will change their behavior to get those things – in other words, people will respond to incentives.”

Applying this to the FED’s policies, and ramifications, should then yield logical connections between the results of the FED’s policies, and their intentions in implementing them, then, right?

Stated differently, the FED intends the consequences of their actions, correct?

If the consequences are unintended, then, it means that the FED’s actions were lacking intellectual rigor, meaning they stupidly did not consider the outcome before acting. Or, nefariously, instead, the FED’s claim that the consequences were not intended is but a lie, as the reality is that the FED intended that which occurred all along.

So, with this backdrop, let’s look at some consequences of the FED easy money, in a way that exposes the FED as a corrupt organization hell bent on saving the too big to fail banks at all costs.

The FED’s easy money policies have given those with first access to the money enormous sums of paper fiat, which has in turn driven up asset prices, boosted the stock market, allowed big corporations to buy back their own shares, artificially boosting price and giving those corporate big wigs outsized bonus payments and stock option windfalls. This reality of artificially boosting stock prices has not worked to stimulate the economy, but instead has only created a larger gap between the haves and the have nots.

The easy money FED has also done generational damage, priced in terms far to large to quantify. The FED has, through years of reckless, low rates and centralized planning, created a perverse incentive structure for young people in general, and young women in particular.

The FED has so thoroughly and so completely skewed the normal business cycle and the destruction phase of capitalism, that there is no longer any business incentive to create real jobs. Coupled with the inept federal government and its elected officials that are either too corrupt or too timid to enact real economic reforms, but instead doling out even more easy money in the form of student loans, home loans, etc., this has worked in combination to drive up the costs of college, and saddle college kids with enormous student loan debt, that cannot ever get repaid absent some miracle of a high paying job.

So, in a self-fulling cycle of desperation, young women fresh out of college cannot get a real job, or can only get one with low pay.

In a very rational application of economic theory, the incentive structure as discussed above, the recent graduate has a choice: take a low paying job if it is even available, or find another way to pay bills other than getting a traditional job.

So here we are. The new economy. Thank you Greenspan, Bernanke, Yellen, and especially the Keynesian apologists like the bearded-dunce Krugman, who is the modern-day Joseph Goebbels, spouting his Keynesian gibberish that gets a ready audience from his sycophant elected officials caring only for the next election cycle and how much free shit they can give away.

It is with this backdrop, that I am not surprised at all to read an article that speaks openly of the “new prostitution economy.” This was on Drudge recently, in a major publication. It is not Taibbi writing an excellent expose or saying scary things in a way designed to frighten people. No, it is right there for the consumption even in the highest circles of the moneyed class in their ivory towers.

So, why did the FED unleash this new economy, and turn a generation of young women into prostitutes?

Was it intended?

Was it not intended?

If not intended, then how could those ivy-league educated Ph.d’s NOT have seen the natural outcome of years and years of easy money?

I say they DID realize the outcome of their easy money policies would lead to generational paradigm shifts, like turning 20-something women into whores, and despite this foreknowledge, they embarked on their free-money plan because to them, anything else would have been worse!

See, they care only about their own kind: The TBTF banks. Some middle-aged couple’s daughter is not something they care about. Some old man getting a shot of leg, from a comely 20-something hottie, well, that is right in their wheel-house, and why should not captains of industry and the elite moneyed-men realize a little pleasure after decades of doing God’s work?

The reality is that with the Fed printing to infinity, the economy has so severely hampered real job creation, and artificially skewed prices, that such has had profound, societally-corrosive effects.

(1) Wealth is enormous to the elites, such that there are tons of older men paying for sex with 20-something women. And, the same is true for older gay men paying for sex with young men.

(2) College graduates are NOT seeking to earn their way to the promised land with hard work, sacrifice, no. Instead, they are seeking instant rewards, with no stigma or judgment, or real consequences, just like the Fed with its QE to infinity. They want the benefits, with no effort.

But, us normal folks, laboring at the base of the ivory towers, pitchforks in hand, know better. There is no free lunch.

The only way out of this is a return to sound money. Savers are to be rewarded. It is from savings that a society reaps rewards, not beggaring thy neighbor in a race to the bottom, run by centralized planners who wreck all that they touch to keep their place of special privilege.

Read the Vanity Fair article, and try not to become enraged at the banksters. It is a cultural watershed eye-opener of a topic. It flows with the narrative that we live in changing times.

As we have all been witnessing, we are living in a fourth turning, with upheaval about us every day, incrementally becoming more and more apparent, coming with a fury and vengeance just as sure as night follows day.

As I started writing this a week ago, we have had the Minnesota shooting of an innocent black man by militarized police, have had our gun rights come under attack again by calls for gun control, and in a natural cause and effect result, watch as the populace reacts to out of control law enforcement lashing out in a fit of outrage and targeting cops in Dallas and Louisiana, with more on the way in Tennessee, Georgia and Missouri.

Indeed, the populace is waking up, and the consequences of easy money are going to be realized as the end of the Keynesian experiment collapses of its own enormous weight.

Welcome to the Summer of ‘16.

Please prepare accordingly.

Stack silver and gold, and get yourself in shape, healthy, spiritually, mentally, be ready. We are living in interesting times.

About the Author

  76 Comments

  Refresh
Jul 9, 2016 - 1:14pm

Thanks for that very timely post, Cal

So... The higher-end prostitution or 'courtesanship' is being touted as a lifestyle choice, a viable and arguably useful profession allowing educated, attractive girls as a means to acquire 'soft skills' of people management and networking... Nice. It is considered part of a woman's right to choose ( which it is ) -- but calling it prostitution is called 'slut shaming'. How very, very passé... It reminds me of a return to feudal capital and power structures, with the Fed and its owners facilitating, nay, FORCING a return to lordships and rightless/powerless class of neo-serfs. But hey, the ladies will soon be listing their experience in Executive Entertainment Management or Executive Motivational Therapy on their resumes. And all the while more of the rich and powerful are providing ample portfolios for enterprising blackmailers to extort influence in politics and industry. It makes me wonder how much of Congressional salaries (and of course side-income) is going to finance such pastimes...

Jul 9, 2016 - 1:02pm

Thanks Pining!

Yes, that sentence just flowed right out. No editing, just stream of conscience. That's what happens after spending five years on this site! And, you know, I am just trying to keep up with YOU as to your wonderful insights and talents. I'm just humbled I get the occasional hat tip, you know, being a lawyer and all . . . When you find yourself out my way, be sure to call or email. I've got a tee time all lined up for you . . . If you can get Craig out here, even better. Let's take some skins money off him . . .

infometron
Jul 9, 2016 - 12:56pm

@Cal

Outrageous... connecting these dots has to strike a chord with every decent family.

tyberious
Jul 9, 2016 - 12:53pm

So true Cal

I've been preaching the same lines, but the violence has to stop and people need to find another way to voice their anger, though I understand. The government is well armed and have been preparing for the collapse for 10 years.

This is one war that they can win :{

Whitecastle123Maryann
Jul 9, 2016 - 12:51pm

Great read as always from Cal

The only thing that struck me is when you say an innocent man from Minnesota was shot. I think there is a lot more to this story that will be coming to light soon, if the media allows it.

Dirt_Reynolds
Jul 9, 2016 - 12:50pm

Offically

Countries add it to their GDP. Yeah that helps.

Site Note:

Bitcoin reward just halved.

Maryann
Jul 9, 2016 - 12:47pm

Thanks CL...

Ok, I know what I am about to say is very politically incorrect but I believe this to be true. Yesterday my son and I were discussing some of these very things CL is discussing in his excellent post, how difficult it is for young adults right out of college to find good jobs and be about to save enough to buy a home, get married, etc. He will have no debt when he graduates and currently has his own small business, but he is still apprehensive about times to come. I encouraged him to continue the path he is on, and to hopefully in the next few years find a wife who will share his values and want to stay home with children they may have, perhaps even working from home.

I think our society is systematically destroying the nuclear family and one way is glorifying working women and denigrating women who chose to be housewives. Heck, most schools don't even teach home economics anymore and many girls can't even sew on a button. I am convinced that many parents have abdicated their role as primary educator and mentor to their children and we now have a society of moral relativity and ignorance that is taking a huge toll. One major reason of course is we have tolerated our government's policies which result in higher taxes and inflation combined with our appetite for consumer goods which demands two incomes rather than one. Children are growing up being shuttled to too many activities rather than spending time with parents and learning basic skills.

The government of course wants as many taxpayers as possible. For sure there is blame to go around but the solution I think starts with ourselves and the choices we make.

lnardozi
Jul 9, 2016 - 12:29pm

re: Greek Prostitutes

Could be worse, I guess. Could just be in it for the protein.

lnardozi
Jul 9, 2016 - 12:27pm

@Orange

Funny you should mention that. Pornhub and YouPorn both have ads that put a customer in contact with a prostitute, I'm sure many other sites do as well. No idea what they charge, but it's definitely a cottage industry here in the US. That being said, someone of my age (and appearance) is probably better off selling vegetables form a roadside stand. Someone who's willing to pay to have sex with me is someone I'm going to have to charge way more than they can afford.

Jul 9, 2016 - 12:25pm

WOW! Cal for the knockout!!!

This this is the most perfectly perfect thing I've ever read : "like the bearded-dunce Krugman, who is the modern-day Joseph Goebbels, spouting his Keynesian gibberish that gets a ready audience from his sycophant elected officials caring only for the next election cycle and how much free shit they can give away."

How many nuclear warhead-grade truth bombs can be fit into one pithy sentence? Our resident wordsmith Cal demonstrates... This is how a professional slices and dices.

The words of warning- heeded. Sad to see what these times are descending into, but not unexpected. Seeds, food, water, gardens, acres, tractor, Pb Au Ag. Check, check and check.

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