Prepare accordingly.
As long as the worthless, anti-American unipartiers print $1,000,000,000,000 a month to cover bills and the interest on the debt as they don’t have the money for, inflation will continue as long as we live. That is until a balanced budget and dramatic cut in spending is reached. The end of this decade seems about right for the inevitable crash.
Let there be no mistake and no doubt:
The Fed has thrown the towel in on inflation, complete surrender. And the same can be said of the US Congress.
Abject surrender.
Strap in, it’s going to be a wild ride.
As I recall, the Arab Oil Embargo of 1973 had something to do with the inflation of the 70s and I don’t think Nixon saw any of that coming. This is not to say that the fed is not being pushed around or that inflation will not be back, printing trillions of dollars seems to have something to do with that and it has not stopped.
1. I didn’t hear Powell say what is being claimed. I’d have to see the transcript (if it can be trusted).
2. I liked it better when the FED didn’t talk. That change has made things much worse in my opinion.
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