, , ,

The Hoax was a deception in re the economy if nothing else (though there appears to be much else). Even CNBC sees through the fog.

The coronavirus pandemic has produced “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said.

“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed,” the “Mad Money” host said.

“I think we’re looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,” he said.

What about shooting these institutional looters, Mr. Bunkerman President? Oh, yeah, they own the show. Sorry.

But, it’s not as bad as feared for Main Street either. Sure, you lost your high-paying job as a teacher, nurse, salesman, journalist, factory foreman, etc., but some uncertain and likely contrived percentage of the newly unemployed did find part-time, low-paying work in May as bartenders and waiters, presumably waiting on the bankster looters. Plus, I hear there are plenty of openings working as robots and AI programs and four newly-posted openings on the Minneapolis police force (candidates must provide their own precinct building). It’s like nothing really happened. Oh well, remember to vote for your slave masters. And get ready for another war!