Of Two Minds

This is the direct consequence of the Federal Reserve’s decades of unprecedented stimulus: extremes of wealth and income inequality that gave the wealthiest households the means to bid up housing to the point it’s no longer affordable to the bottom 90%.

The whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

If you want to understand the neofeudal reality, study these charts.

In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows.

It turns out society isn’t just the sum total of the Fed goosing “maximizing shareholder value.” People actually have to live in the corrupt, bifurcated, distorted ghetto the Fed and “maximizing shareholder value” have created.

The decay of social norms and status quo systems triggering an authoritarian tightening of the screws is a well-worn pattern throughout human history.