Jul 11, 2023

Dan Ferris on central bankers

They're like people in a job interview who don't quite think they're qualified.  They're always trying to impress you and they're always trying to pull out something that impresses you.  And so they're trying very hard to suggest that they're in control and that they know what they're doing.  They represent themselves as a group of very smart people with excellent tools.  "We are like surgeons with precision instruments."  In truth, they are like a drunk sailor at a carnival playing whack-a-mole, and he can't even hit the board.  He's hitting the ground and he's hitting himself in the leg.  They really don't know.

[...]

It's propaganda.  It's a sales pitch.  "What am I being sold and why?" is the question.  You're being sold a level of control they simply do not possess.

~ Dan Ferris, "2023 Midyear Market Outlook," Stansberry Investor Hour, 36:00 mark, June 26, 2023



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