Our future is being hijacked. Here comes inflation.
Once, during a very long hospital stay, I told my Dr. and nurses I was getting addicted to the morphine and Oxycontin. They kept telling me that as long as it was controlling the pain, I wasn’t addicted. I finally had to refuse to take either, and it was an uncomfortable, wild ride for a week or more. That’s what we need to do with QE. Kick the habit.
The administration and the Fed want the dollar devalued because it is the only way to pay off the debt, using far cheaper dollars.
It will p-— off the Chinese, but we are about to become a second tier financial sovereign.