I happened to catch on Fox Business today a few minutes of Charles Payne and some female financial pundit talking about the market and Fed interest rates. They agreed, with financial stock markets reaching record highs today, that the Fed would likely lower interest rates in July.
Are they both asleep or just disguised shills for the globalist plan to destroy the dollar? Inflation right now is close to 20% - despite Joe's insistence that it was already 9% when Trump left office (it was 1.4%). After Jimmy Carter's inflation of around 20% the Fed raised interest rates to around 22%, a painful necessity to stop runaway inflation and restore prosperity in the long run.
The current Fed interest rate is just over 5%. Inflation is still noticeably on the rise. When the lying media says that the current inflation rate is only 3.x% they mean 'year over year' - IOW increased that much over last year - i.e. up 3% of last year's rate, a small increase but still steadily rising. The Bitem Admin is spending $1 trillion every hundred days, about $3.5 trillion a year. The federal debt is now over $34 trillion - more than the annual GDP.
The federal budget is over $6 trillion and growing by the day. For the Fed to lower interest rates is not going to help the average family at all, however much Wall Street and Charles Payne might love it. It will help some to limit the size of the interest paid annually on the debt... but for average household income - it will mean disaster.
California's answer to this last problem is to raise the minimum wage to $20 an hour. That makes things like a McDonald's hamburger about $10, a Happy Meal for a family of four maybe $22 × 4. Does that sound like inflation? But Dem Harvard economists never figure that out somehow; they scratch their heads and increase their stock holdings and private under the table deals.
Robert Kiyosaki's prediction of hyperinflation and depression is likely imminent, given the Fed's determination to feed Wall Street while politicians declare how well the economy must be doing. --- Wall Street in NOT Main Street. 😬
California’s answer to this last problem is to raise the minimum wage to $20 an hour. That makes things like a McDonald’s hamburger about $10, a Happy Meal for a family of four maybe $22 × 4. Does that sound like inflation?
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made my FINAL trip to taco bell last night to try their new Cantina chicken menu.
got a chicken burrito meal + 1/2 order of chicken quesadilla for 17.95