**. . .**

**K “A year ago, Federal Reserve Chairman Powell repudiated a noble but doomed experiment. After he raised interest rates in an effort to reach a normal, rational and traditional level, he and many others realized that interest rates can never ever ever ever ever be raised again and must be reduced to zero or less than zero to avoid financial collapse.”**

**J “On January 30, as I recall, Powell relented because the Federal Reserve realized that the economic and financial system was again on the edge of collapse. On September 17, as I recall, when the Federal Reserve again recognized that collapse was immanent, it opened up the coffers via the overnight repurchase market and shoveled free money to the banks and hedge funds. And the free money is still flowing freely.”**

**. . .**

**K “The entire financial and the political system is built on a deep and abiding faith in and reliance upon distrust. Everyone in the banking and hedge fund world possesses enough self-awareness to know that she and he are corrupt and dishonest to the core. And everyone in the banking and hedge fund world knows that the others in the banking and hedge fund world are corrupt and dishonest to the core. Perfect knowledge in a world of otherwise imperfect knowledge. Profound and well-founded distrust undergirds all decisions.”**

**J “Actions and behavior are predictable, if one seeks to predict actions and behavior. No banker or hedge funder wants to lend to another banker or hedge funder because each if given half an opportunity will not pay the money back. Thus, they simply steal the money that is given freely by the Federal Reserve. And the free money is still flowing freely.” **

**. . .**

**K “Now going on a dozen years, the Great Financial Coup D’état rages on and on and on.”**

**J “And on and on and on and on and on without public input or congressional approval or MSM comment. And the free money is still flowing freely.”**

**. . .**

**J “Print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print. print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, and then rinse and repeat.”**

**K “And then lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie and then rinse and repeat.”**

**. . .**

**[See the incisive and insightful commentary in “Wall Street On Parade” researched and written by Pam Martens and Russ Martens; David B. Collum, the other Dave who provides a review of the events of the departing year, delivers his written “2019 Year in Review” in two parts and a podcast titled “Pandemonium” in his own inimitable way available at Peak Prosperity.]**

**[See the e-commentary at “Quantitative Easing = Money Printing (January 19, 2015)” published five years ago discussing the ongoing Quantitative Easing currently in overdrive and part of the Second Great Bank Bailout taking place without public input, congressional approval or MSM comment; “Coups d’état, Bail Outs And Bail Ins: Clio’s Diary/Chronology. Oh, And Happy Constitution Day! (September 17, 2018)” published on the ten year anniversary of the Great Financial Coup D’état; and “Twenty Sixteen (January 4, 2016)” published four years ago at the dawn of the year on the prospects for economic collapse in the near future.]**

**Bumper stickers of the week:**

**Print, baby, print**

**Lie, baby, lie**

**Not all debt is repaid, but all debt is paid**

**And the free money is still flowing freely**