Posted on 09/07/2022 4:29:19 AM PDT by Hostage
You are correct!
Couple that with the China failing supply chain and eminent world war, the Fed is doing the wrong things as the economy is not hot.
Rates increases should stop and allow businesses to adjust to bringing key economic factors back home at reasonable costs. Instead they are raising rates and taxes! The business sector doesn’t need a hostile environment right now, but that’s what we are getting.
They are doing nothing right.
Yeah, but they can't admit it until after the Republicans take over Congress so that literally the day after it will be all their fault somehow.
Absolutely true.
They see us as Kulaks.
Wish I had had the energy ol Kris has. What an engineering mind this guy has. Very impressive.
So how do you bring down inflation, the cruelest tax of all?
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Stop thinking the Fed and Central Banks are clueless - this is all by design to collapse the system that they have already wrecked, so they can introduce their new system.
They are doing nothing right.
They are doing what is right for their corporate and global masters.
The Fed does not and never has served the interest of the American people. It is a private bank and the biggest clients are the “too big to fail banks”, Wall Street, and the K-Street/Govt cabal.
You and I have no voice in what they do so we simply pay the “tax” via inflation to pay for their actions.
The sooner people realize this the better. Ron Paul was not as nutty as I thought he was 20 years ago. In fact, he now appears to have the wisdom of Solomon and I have publicly apologized to him for labeling him a nut.
The government is always “surprised” how their bad decisions cause economic havoc. The spent too much during an economic lockdown, that’s two bad decisions.
Of course.
This is simply wrong. The FED/Government driven monetary inflation is there for all to see.
Because the wage price freeze in the early 70s worked so well.
If we are facing scarcity induced inflation you eliminate the scarcity.
Aggressively pump oil and gas and mine coal to reduce energy and raw materials prices.
Stop paying people to not work.
Stop printing money
Deregulate counterproductive government interventions such as restricting nitrogen fertilizer delivery and opening up our ports to eliminate shipment bottle
necks
This will right the economy.
If we keep going the way we are going, inflation may become a self correcting problem as we have a collapse in consumer demand due to financial exhaustion and bankrupting of American consumers.
Quite probable
On the face of things, most places seem pretty prosperous to me. There are still about 5 trillion “stimulus “ dollars floating around the economy.
Real pain has hardly begun.
I agree, the Fed and other Central Banks are not clueless, but it still makes their plans insane and diabolical. Once you accept that what’s happening today is not by accident it makes it easier to understand.
We have a combination of scarcity driven price shocks and monetary policy driven inflation.
We are between a rock and a hard place.
None of your prescriptions will be implemented by Biden. So we are left with a deep recession/depression.
We really didn’t come out of the Great Depression until WWII. I guess you call that self-correction.
One that I fear is a worsening of supply chain induced scarcity of vital raw materials and sub components as lower tier suppliers drop out of the supply chain due to a combination of going concern issues due to price shocks and labor shortages combined with scarcity and affordability of the raw materials and sub components that they themselves need to keep their companies running and afloat. A lot of companies out there are on the ragged edge after the catastrophic events of the last 3 years and the juice is running low
Recognizing reality is a major problem for Biden and his stooge crew their logic is spend your way to wealth.
A child with a piggy bank understands what works and what doesn’t.
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