In an extraordinary admission, the Board of Governors of the Federal Reserve conceded that the Federal Reserve is "at heart a criminal conspiracy of bankers."The Board followed up this revelation with a breezy confession that the Fed "doesn't really give a rat's rear-end about the American people, and we're tired of having to claim we do."
The Fed's role was global, the Board explained; the American people played no part whatsoever in Fed policy or decisions. "Honestly, why would anyone think we waste a moment's thought on the American people?" one commented. "We're here to maintain the power and wealth of the banking sector on a global scale. We have zero interest in John Q. Citizen's travails or his income. Our only interest in Mr. Citizen is that he continue to keep his mouth shut and not make waves."
The unprecedented display of bare-knuckled honesty was in evidence throughout the meeting. Asked if the Fed was confident that its policies were appropriate for the nation, one board member snapped, "We don't really think about the nation, but yes, we are 99% confident that our policies are appropriate and correct. In fact, let's dispense with the false modesty: we're 100% confident we are correct."
When a reporter asked if the Board was familiar with the Dunning–Kruger effect, a Board member snapped, "We don't concern ourselves with rare neurological diseases, or whatever that is. We govern the markets and the global economy."
The Dunning–Kruger effect is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly assessing their ability to be much higher than is accurate.
"If you’re incompetent, you can’t know you’re incompetent. […] the skills you need to produce a right answer are exactly the skills you need to recognize what a right answer is." David Dunning
Rumors quickly spread that the Fed's water supply had been spiked with Ibogaine, which could explain the extraordinary public outburst of truthfulness. As handlers moved in to escort the Board members to their private chambers, some of the Board responded testily. One was heard to mutter, "Keep your grubby little paws off me, peon!"
A spokesperson assured the assembled media that the Fed Board was "deeply concerned" about the American people, inflation, and the unemployment rate, but he was heckled off the stage.
This is our annual April Fool's Day entry.
Get a Job, Build a Real Career and Defy a Bewildering Economy(Kindle, $9.95)(print, $20)
Are you like me? Ever since my first summer job decades ago, I've been chasing financial security. Not win-the-lottery, Bill Gates riches (although it would be nice!), but simply a feeling of financial control. I want my financial worries to if not disappear at least be manageable and comprehensible.
And like most of you, the way I've moved toward my goal has always hinged not just on having a job but a career.
You don't have to be a financial blogger to know that "having a job" and "having a career" do not mean the same thing today as they did when I first started swinging a hammer for a paycheck.
Even the basic concept "getting a job" has changed so radically that jobs--getting and keeping them, and the perceived lack of them--is the number one financial topic among friends, family and for that matter, complete strangers.
So I sat down and wrote this book: Get a Job, Build a Real Career and Defy a Bewildering Economy.
It details everything I've verified about employment and the economy, and lays out an action plan to get you employed.
I am proud of this book. It is the culmination of both my practical work experiences and my financial analysis, and it is a useful, practical, and clarifying read.
Test drive the first section and see for yourself. Kindle, $9.95 print, $20
"I want to thank you for creating your book Get a Job, Build a Real Career and Defy a Bewildering Economy. It is rare to find a person with a mind like yours, who can take a holistic systems view of things without being captured by specific perspectives or agendas. Your contribution to humanity is much appreciated."
Laura Y.
Gordon Long and I discuss The New Nature of Work: Jobs, Occupations & Careers(25 minutes, YouTube)
NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.
Get a Job, Build a Real Career and Defy a Bewildering Economy(Kindle, $9.95)(print, $20)
Are you like me? Ever since my first summer job decades ago, I've been chasing financial security. Not win-the-lottery, Bill Gates riches (although it would be nice!), but simply a feeling of financial control. I want my financial worries to if not disappear at least be manageable and comprehensible.
And like most of you, the way I've moved toward my goal has always hinged not just on having a job but a career.
You don't have to be a financial blogger to know that "having a job" and "having a career" do not mean the same thing today as they did when I first started swinging a hammer for a paycheck.
Even the basic concept "getting a job" has changed so radically that jobs--getting and keeping them, and the perceived lack of them--is the number one financial topic among friends, family and for that matter, complete strangers.
So I sat down and wrote this book: Get a Job, Build a Real Career and Defy a Bewildering Economy.
It details everything I've verified about employment and the economy, and lays out an action plan to get you employed.
I am proud of this book. It is the culmination of both my practical work experiences and my financial analysis, and it is a useful, practical, and clarifying read.
Test drive the first section and see for yourself. Kindle, $9.95 print, $20
"I want to thank you for creating your book Get a Job, Build a Real Career and Defy a Bewildering Economy. It is rare to find a person with a mind like yours, who can take a holistic systems view of things without being captured by specific perspectives or agendas. Your contribution to humanity is much appreciated."
Laura Y.
Gordon Long and I discuss The New Nature of Work: Jobs, Occupations & Careers(25 minutes, YouTube)
NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.
| Thank you, Scott B. ($5/month), for your wondrously generous subscription to this site-- I am greatly honored by your support and readership. |