Posted on 08/24/2020 5:38:19 PM PDT by Enlightened1
Food prices in Seattle have nearly doubled.
The Fed needs to go period.
already a done deal and not the fed’s choice. the events of this year made this a forgone conclusion. the fed wishes to not look irrelevant or powerless. inflation is coming regardless.
With no police we can play FED and print money at home.
We are linked, like it or not, with the other fiat’s of the world. When we devalue they will as well. Hell, they already are. The 30 yr bonds went negative... no one buys them anymore. Kind of seems like we are the Romans trimming gold and silver off of their coins resulting in cutting off some of Caesar’s nose trying to save his face. jmho.
Yeah, the Fed’s timing isn’t that precise...the “bubble bursting” crashes are hard to time...the late 2007 crash was coincidentally an election year (most of the crash after the Nov. election) , but I am pretty sure that was a coincidence.
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That crash was in the latter part of 2008. I had sold half of everything in late 2007. So when the crash came I had money to invest. Got some good stocks real cheap.
Let’s see what happens when Walmart and Amazon go down. Let’s see what happens when refusal to pay property taxes occur. Let’s see what happens to the brainwashing inclusion tuitions skyrocket
Yeah you are right I remember the Bush/Obama transition had a “Stimulus” bill attached ($1 trillion’ish)...just thought the election/transition was “07-’08, but it was ‘08-’09.
Understandable—the years begin to run together. I remember it because my Dad was in the hospital when the crash happened, and I had to borrow a computer to buy the stocks — and the Dr. I borrowed it from could only give me about 15 minutes to use it. I didn’t have a lap top then.
Yeah, sounds a bit like me....was at an Italian restaurant for lunch with friends and was itching to get home to monitor the market (and Lehman Brothers/banks going down).
Yep. Hated that I couldn’t do more, but Getting Ford for 3 bucks a share was pretty neat. Got some good bank stocks too.
Unemployment will not be helped with inflation in today’s economy which has been crushed by travel and entertainment problems. When we get over the pandemic jobs will come roaring back.
It will not be helped if the Fed raises interest rates to combat inflation either.
No the Fed is trying to enrich itself as usual. The Federal Reserve doesn’t give a rats bazoo about the American people or our country. The single goal of the Federal Reserve Bank a private organization is to transfer wealth from the people to the central banking system. What do you think inflation means to the Fed? It means profit.
Their time is limited. Trump is coming for the Fed in his second term. They have to have figured it out. Trump currently has them trapped at issuing dollars at zero interest. No profit in that. He’s going to stick them with this stimulus money as much of it is not collateralized by Treasury notes.
Of course he is.
Inflation is already going up.
You are the first poster on here to understand that -- and I've been hanging around these parts for 20 years.
Americans have been miseducated into believing that some inflation is necessary for growth. What a crock.
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