a great big dud<\/a>. The 10-Year Treasury yield is slumping towards 1.28 percent. Consumer prices are \u201cofficially\u201d increasing at 5.4 percent. By all honest accounts, they\u2019re rising at double that rate.<\/p>\n\n\n\nHere\u2019s the point\u2026<\/em><\/p>\n\n\n\nThe federal government, and some state governments, have turned a large segment of the population into dependents. This ensures votes come election time\u2026so long as the political class can deliver the goods. <\/strong><\/p>\n\n\n\nAnd to deliver the goods they need to keep the free money flowing.<\/p>\n\n\n\n
But to keep the free money flowing, in the form of massive spending programs and goodies, the public needs to be implanted with more fear… <\/strong>which brings us to the latest schemes making their way through the Senate\u2026<\/p>\n\n\n\nThe $1.2 trillion infrastructure bill. And the $3.5 trillion budget resolution bill to address climate change, child care, and expanded Medicare coverage for hearing, vision and dental care.<\/p>\n\n\n\n
Perhaps the Republicans and Democrats will come to agreement on how to distribute the pork. This seems likely for the infrastructure proposal.<\/p>\n\n\n\n
The budget resolution bill, however, will likely need an additional nudge. Specifically, it will need heavy doses of manufactured fear\u2026<\/p>\n\n\n\n
The delta variant. Lambda. Forest fires. Summer heat waves. Southern floods.<\/strong><\/p>\n\n\n\nIf these bills aren\u2019t advanced before the Senate leaves for the August recess on August 6, the fear machine will spend the rest of August whooping things up to a matter of life and death.<\/p>\n\n\n\n
Alas, a new round of lockdowns may be in order to get the job done.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Tyler Durden – Jul 23, 2021 Authored by MN Gordon via EconomicPrism.com, The general mood presently being fortified by the chattering classes is one of perpetual fear. The basic stratagem includes continuously implanting the populace with extreme panic. For a fearful populace is a subservient populace. The current hobgoblin is the delta variant of the… Read More »Life And Death In The Age Of Fear<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":9854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[97],"tags":[421,817,51,45,37],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/unshackledminds.com\/wp-content\/uploads\/2021\/07\/age-of-fear.jpg?fit=896%2C517&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/posts\/9852"}],"collection":[{"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/comments?post=9852"}],"version-history":[{"count":1,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/posts\/9852\/revisions"}],"predecessor-version":[{"id":9855,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/posts\/9852\/revisions\/9855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/media\/9854"}],"wp:attachment":[{"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/media?parent=9852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/categories?post=9852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unshackledminds.com\/wp-json\/wp\/v2\/tags?post=9852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}