Saturday, February 10, 2018
CELEBRATE!!! KANSAS CITY THREATENS TO RUIN THE AMERICAN ECONOMY!!!
Most of the clueless plebs spend their lives consuming and regurgitating spurious stories crafted for them by smarter people and nowhere is this more evident than when it comes financial reporting.
Worker bees would like to believe that elected leaders and regulatory agencies power economies when, in fact, the financial fate of the planet is determined by unelected market makers tinkering with currencies without any checks or balances.
Like it or not, the cash in your pocket would be just as worthless as bitcoin if it wasn't for the greatest military the world has ever seen along with State & local officials willing to kill anyone who really disputes the status quo.
Don't get it twisted, TKC would never dream of fighting the Illuminati not only because I'm looking forward to Lady Gaga getting back on tour before her inevitable final O.D. but also because I hear that Starbucks in China are even more crowded and ruthless than the viper pit in Midtown.
TKC not so fun fact - Thankfully, we're at the end of history so nobody will remember or hold a grudge over the Chinese plundering Africa in a way that's far more environmentally devastating than anything the world has ever seen.
But I digress . . .
Low-rent local "journalists" working on getting a better job in Chicago are missing this news . . .
THE KANSAS CITY FED IS FIRST TO OFFER A GLIMPSE OF PLANS TO CRASH AND BURN THE AMERICAN ECONOMY!!!
Kansas City Fed president expects up to six interest rate hikes through 2019
"The federal funds rate remains well below what estimates are that its longer-run value should be," George said. "I'm often asked how many rate increases we'll see this year. Together, the (Federal Open Market Committee) is calling for about three 25-basis-point hikes in the fed funds rate this year and about the same number next year."
Yeah, yeah, experts claim that the fundamentals of the American economy are strong but they probably aren't forced to work a "side-hustle" like just about everybody under 30 as widening income inequality defines the American job market more than any other factor.
More importantly . . .
What does this mean for Kansas City???
The smarter denizens of our blog community already know rising interest rates means borrowing for the airport, streetcar, hotel and bridges is going to get way more expensive as KCMO is already overextended and carrying an EPIC debt burden.
Don't panic . . . The easy fix that KCMO City Hall always applies is to simply raise taxes!!!
However, with more than a dozen tax increases to his credit, rising unpopularity and open bickering with Council, Mayor Sly might have a tougher time selling the next local levy . . . Then again, the GO Bond vote was so obviously rigged that I'm not sure any of that matters.
Accordingly . . .
The working poor will be the hardest hit while politicos exploit economic struggle and stir up demographic discontent to try and garner more power during the Midterm 2018 elections. It should be fun for anybody who doesn't mistakenly believe that "leaders" look out for any financial interest but their own.
You decide . . .