Posted on 01/11/2022 3:25:18 PM PST by george76
It’s the Carter years all over again.
Plan accordingly!
Looking forward the Fed will raise interest rates exacerbating inflation even more. Never in human history has a titular head of government f’d up his country so quickly.
The American people will be told it’s the fault of the GOP and the unvaccinated, and gosh darn it, a sizable number will believe it.
“It’s the Carter years all over again.”
It’s WORSE. I was a clueless teen at the time, but since there were NO JOBS, ridiculous interest rates, gasoline rationing and no $$$ for college as my folks were strapped, I joined the Army.
That part I do NOT regret. The fact that I’m older and wiser now and know that Mother Government does this shiite ON PURPOSE to ‘We The People,’ infuriates me!
IOW - Trump’s fault.
Yup.
“Transitory”
With one notable difference. Carter was merely incompetent. Biden and crew are mendacious with evil intent.
It’s the Carter years all over again.
but much, much worse in the greater context of the ‘health’ of the Republic.
I wonder when they’re going to make Americans owning gold illegal again like Roosevelt did in 1933.
Communists are thieves.
Working on it.
Except Carter wasn’t trying to thwart elections. He took his loss like a man.
Exactly, they know what they are doing, it is on purpose.
Trying to break the Middle Class.
I raised my pizza prices $1 for larges this week. .75 on medium and .50 on smalls.
What I’ve been reading is that they’re planning at least three, possibly four interest rate-hikes in 2022 into 2023.
Precious Metals reacting BIGLY on the news:
Mama LIKE! :)
the pitch, honed to perfection:
orange man bad!
covid!
black lives matter!
transitory inflation just this month....
black lives matter!
covid!
orange man bad!
Went to the grocery store today after getting my increase in Social Security! What a shock!
Prices were not that high a month ago!
I could not afford ALPO so am back to dining on Road Kill.
I see three raises max over the next few months. Powell owes Biden for re-nominating him and the Fed will want to avoid appearing to interfere in the 2022 election. He also knows if the market plunges there will be a negative wealth effect which could reduce consumer spending. For those reasons he will, if inflation persists, try to rein it in by other means and try to get into November before resuming rate hikes. JMHO
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