Posted on 04/07/2024 2:48:22 AM PDT by Kaiser8408a
We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation.
Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away. Indeed, since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. While Yellen stuck with zero-interest policies until Trump was elected, then raised The Fed Funds Target Rate 8 times. Yellen only raised the target rate once under Obama. Clearly playing political favoritism.
The Federal Reserve is one of, if not the most, significant institutions in the world given the global impact of its policy decisions.
It influences the price of nearly everything, as well as the availability of jobs, the stability of our banking system, and the purchasing power of our money.
When the Fed Chair speaks, the entire world stops to listen.
But the average person has a poor understanding of how this colossally important entity operates. Or even why it exists.
And after a series of asset price bubbles — which some argue we’re in another one now — a chorus skeptical of the Fed’s actions has emerged.
So today we’re doing our best to shine as bright a light as possible on the Fed: how & why it operates, the good & as well as the shortcomings of its actions to date, what direction its policies are likely to take from here, and how all of this impacts the households of regular people like you and me.
(Excerpt) Read more at confoundedinterest.net ...
Who said the democrats didn’t have a plan it going as planed we are seeing the early steps of how the Fabian Society started.
Xi and Putin see a limping country a easy target for a take over guess whos helping the Fabian’s.
Is that time span from 2008 until now?
This started under Trump when they started giving out “free money” during COVID; I warned my family at the time that the inevitable consequence was inflation - and here we are.
Since the Fed was created, the dollar has lost over 90% of its value.
“He advocates for essential reforms to address government spending, prioritize essential areas without relying on future borrowed funds or inflationary measures, and communicate transparently with the public. He stresses the importance of reducing debt growth substantially...”
His advice will surely go unheeded.
It was apparently pre-planned what with Fauci’s “work”
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