Courtesy of Charles Hugh Smith from Of Two Minds
The New Drug of Choice in the White House, Federal Reserve and Treasury: Delusionol ™
If you just want to suppress the symptoms but leave the financial disease untouched, Delusionol ™ is the drug of choice.
Inside sources are reporting that there's a new drug of choice circulating in the hallways of power--the White House, Federal Reserve and the Treasury Department--and it's a perfectly legal prescription psychotropic: Delusionol ™. Delusionol works by activating the parts of the brain that replace cognition and reasoning with positive fantasies.
For example, a driver on Delusionol might run over a person in a wheelchair, bounce off a fire hydrant and send a baby carriage hurtling into a brick wall, and they would be happily convinced that they were an excellent driver.
Now you understand why Delusionol is being gulped in vast quantities in the halls of power: the guys (and yes, it's mostly guys) really want to believe the "economic recovery" they've been hyping, and since it's rationally preposterous, they need a drug to suppress recognition that their policies have only made the financial disease worse and stimulate a delusional belief in the fantasy of "recovery."
What can you say about someone who knows household incomes are falling, inflation and unemployment are much higher than officially reported, all the jobs created out of thin air by the birth-death model of small business employment are bogus, yet they "believe the recovery is self-sustaining"? They're obviously on Delusionol.
Unfortunately, like many other prescription drugs passed out in the tens of millions, Delusionol is highly addictive. Once you experience the "high" of believing that suppressing symptoms is the same as actually solving problems, it's almost impossible to return to reality, where actions and policies still have consequences, often unintended and often horrendously destructive--for example ZIRP (zero interest rate policy).
Even worse, the most blatant lies (for example, the birth-death model fabrication of phantom jobs, the illusory "declining rate of unemployment," the fantasy that cutting 1% of the Federal budget will make a difference in a budget that is 40% borrowed money, and so on) are suddenly "real" to the person on Delusionol.
No sane person would believe that one corporation with $40 billion annual profit can juice a stock market worth $14 trillion, but folks on Delusionol will believe any absurdity if it's presented as "real." They have literally lost the ability to discern between fantasy and reality.
Sadly, White House staffers on Delusionol have been seen planning the re-election party in November 2012, as if the global economy isn't imploding and as if that won't take down the precarious, "all inventory stuffing plus Apple earnings" U.S. stock market and economy.
The debt-clogged financial arteries of the nation are about to burst, but the Delusionol-tripping "leaders" in the White GHouse, Fed and Treasury are confident the economy is ready for a sprint, or a 10K run, heck, even a marathon.
Anything's believable to a drug-addled sap on Delusionol.
Delusionol is a parody. It is not a real drug.