Suppression

A decade ago my daughter started competitive swimming. I was impressed by how much work went into the sport. She trained 18 hours per week and went to school. Her dedication also had me paying attention to other developments in the sport.

At about that time USA Swimming, the national organizing body, was undergoing harsh criticism for its having swept many sexual abuse allegations under the rug over the years. The pressure grew and USA Swimming was forced to change its ways and its attitude toward sexual abuse of swimmers by their coaches. A  tsunami of charges were unleashed as young women felt that they would now get a fair hearing.  The result, there are now 149 people, mostly men, banned by USA Swimming. It has been quite shocking that this level of abuse existed in a sport for children.

Then came Harvey Weinstein. The sad thing here is that it seemed like almost everyone knew what was going on, yet they allowed it to happen anyway. People were willing to look the other way for a chance to get their film made, to get the part or to become a screenwriter (sounds just like the financial markets to me).

Finally, Oprah (who needs no last name) gave an incredibly powerful speech at the recent Golden Globes about the abuse and suppression of women. The reception to her words resulted in there being much talk about her running for president in 2020.

The suppression and abuse of women has exploded into what may be the dominant social issue of the day. I am pretty certain this is not going to blow over.

This brings me to the many other avenues of suppression over a long period of time where anger will build over the scale of the abuse. From the perspective of a blog on economics, the massive suppression of interest rates, volatility and gold prices have harmed millions and will be exposed. This type of suppression is always impossible to hide forever in the economic world. There will be a reckoning. Judgment is coming for the world's irresponsible central bankers.

Disclaimer:  This doesn't represent investment advice.