Is Biden Actually Captain Crunch? Inflation Drives Fed Tightening = Crashing US Bank Credit YoY (Now Only 2.73%)

Confounded Interest ^ | 04/08/2023 | Anthony B. Sanders

[Kaiser8408a]

Inflation started with Biden’s misguided war on US energy, then Biden/Congress helped inflation with an epic spending splurge. The Federal Reserve counterattacked with Fed rate hikes.

Over the past year, The Fed Funds Effective rate has risen and US bank credit has crashed to 2.73% year-over-year.

Do I detect a trend?

Since 2005, the crash in US bank credit is looking like 2008/2009 all over again.

Whether Biden is Cap’n Crunch or Jerome Powell or Janet Yellen, they are all crunching the US economy.

[Kaiser8408a]

Biden IS Captain Crunch of the US.

[mikey_hates_everything]

No, he's Dr. Stupid. Or would that be his wife?

[AAABEST]

What kind of quisling leader would trash his own nation’s energy sector and flush the dollar down the toilet?

Oh wait.

[Bulwyf]

There’s a lot of Freepers who support Biden, we should avoid mocking him.

[null and void]

Does he have the 2600 Hz whistle?

[EvilCapitalist]

One getting 10% from the ChiComs.

[EvilCapitalist]

You forgot the /sarc tag.

[Flavious_Maximus]

Norway president, Vidkun Quisling was executed by firing squad. History repeats itself. /spit

[Arcadian Empire]

Every move that the Biden Administration has made has resulted in things getting worse.

[Bulwyf]

I didn’t think I needed it, I was too blatantly obvious heh.

[mikey_hates_everything]

Does he have the 2600 Hz whistle?

Not him, that's for his commie handlers to put him into maintenance mode for new firmware and instructions.

[dfwgator]

Build Back Better means destroying first.

[Dr. Sivana]

Does he have the 2600 Hz whistle?

Darn, you and mikey_hates_everything beat me to it. Cap'n Crunch the Phone Phreaker was a legendary figure.

[Trump_Triumphant]

I actually think he’s cuckoo for Cocoa Puffs.

[jmacusa]

Biden is more like “Mr. Magoo’’.

[null and void]

We try...