And Biden is going to stick the $150 Billion to Ukraine and the Spending on the Republicans. Presidents can’t authorize Funds.
YOU WATCH
Posted on 12/26/2022 4:02:16 PM PST by Hojczyk
The Fed believes it has never had to raise rates higher and faster than at any time in the past 40 years to prevent Biden’s inflation from putting the US economy into a depression.
(Excerpt) Read more at thegatewaypundit.com ...
It’s because the profligate spending isn’t ending
Inflation is caused by high oil prices.....bet consumer spending crashes in January...Christmas is over
Government forcing the supply cost of food and energy higher combined with massive government debt fueled spending results in inflation that cannot be control by increasing interest rates. Without a significant change in government policies, the only result will be a substantially smaller, weaker economy, and most people in America poor and barely able to get by, if at all.
Example: eggs at Walmart last week $5.01/dozen.
Example: In two years, my cost of electricity has increased from $0.09/kwh to $0.182/kwh
Culling of vast flocks of heathy chickens and driving up the cost of electricity are both solely driven by government policies. No change in demand will effect those supply driven prices.
The bad news.
Nobody really knows if interest rate increases will cool inflation.
Interest rates were near zero for about 10 years, and so was inflation.
Then there is the money supply theory and more dollars buying fewer products . . . but we had rampant money creation for 10+ years . . . and no inflation.
Money is a substance created from nothingness by central banks. The CB’s decision in this is pure whimsy. How can such a substance be expected to define any sort of “law” in its behavior towards anything? Answer: it can’t.
The value of money is in the imagination of counterparties. Imaginary things should not be expected to respond to attempts to control them.
With the Fed raising interest rates, in a few months, just the INTEREST on the debt will hit $1 trillion! That’s about a third more than the defence budget.
Once upon a time, when goods and services were expanding at the same rate or even a little faster than the money supply, the expanded money supply was simply absorbed in not higher prices, or increased interest rates, but in such an abundance of goods and services that the competition of the market place tends to keep the prices stable or even dropping a little in year over year comparisons. This is laissez-faire capitalism at its finest expression. But the heavy hand of government, in injecting regulations and taxing the transactions, puts a damper on this truly free trade, and introduces an artificial barrier to allowing the market to really find its own level.
A Golden Age is never recognized until it has gone away.
bump bttt bookmark
Will 30% be high enough?
Stores and tradesmen are raising prices faster than the Federal Reserve is raising rates.
There was inflation of about 3%.
Manufacturers are now raising prices fiercely.
The way to stop inflation is to tax corporate profits at 90% and incomes above $400000 at 100% until inflation stops.
It will stop.
Ya.
Stop everything
2023 will be a disaster for the History books.
But at least there’s no “Mean Tweets.”
If congress will just approve another $1.7 trillion, everything will be okay.
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For over 40 years, Joe has seen Govt Spending as some back room deals that only requires more Free money be authorized.
There’s zero accountability, No over publicly asks him why he spent $5 Million on studying Hamster aggression, or why he signed off on his good friend getting millions for a foreign contract where the US supplied that money to said foreign country for something worded explicitly to describe his friend’s new Company.
Then the Press and the Duped Country define success by the amount of legislation passed - and that legislation is really only spending money.
It’s play money and Joe has been richly rewarded for being so grand and free with Govt spending over the last 40 yrs.
The Media will say Inflation is a natural cycle, and Presidents can authorize any spending, and they’ll point out all the Republicans that have said there’s no end to the money they’ll give to Ukraine.
Mitch and Lindsey: Ukraine $$$ is the most important thing to this Country (the U.S.)
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You are dangerously accurate.
In 10 months, they’ll do it again.
They call that “success.”
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So funny. The fed raises rates to slow spending and the Congress and Biden double down on pumping more inflationary spending into the economy. The fed won’t tell the politicians to “stop doing that”. So instead we have zero benefit rate hike policies because they are offset by so much additional spending.
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