“Peter said that the inflation tsunami is just getting started and the Fed is powerless to fight it.”
The Fed isn’t powerless to fight inflation. They can and eventually will do the same thing that Paul Volcker did, halt the growth of the money supply dead in its tracks.
This will send interest rates soaring in the short term and cause a recession. The question is how long they are going to drag their feet before getting serious about it.
Yeah, because with a rigged media and phony elections they really have to worry about burdening the working people with inflation. The people might turn against them ...just like they did in Venezuela when rampant inflation was done there. [eyeroll]
They are the idiots that increased the money supply 40% over the past two years! What did they think was going to happen?
(Volker didn’t have a $30T Fed Debt)
The Fed will need to notify all the insiders—and then raise interest rates over and over and over and over again....
My advice to them: Retire and change your name.
This is gonna get ugly.