The Fed set this in motion long ago, arguably as early as 1987, and certainly by the early 2000's. Then they shifted up a gear in 2008/2009, and again in 2020.
The era of ever-declining interest rates since the early 1980s allowed the entire economy (as well as government) to lever up with more and more debt. The lower the interest rates, the more debt can be serviced. Raise rates high enough now to truly stop inflation and enough of that debt will end up in default that we won't have a recession, we'll have a depression. They've painted us into a corner.
Mark Wauck had an interesting take on this. He thinks the Fed is doing this to break WEF, using inflation as cover story.
If that is tbe case, I don't know that it's needed. The WEF/DAVOS war in Ukraine may do it nicely. No Russian or Chinese raw materials means no chips.🤷
Brace For Impact
The Fed set this in motion long ago, arguably as early as 1987, and certainly by the early 2000's. Then they shifted up a gear in 2008/2009, and again in 2020.
The era of ever-declining interest rates since the early 1980s allowed the entire economy (as well as government) to lever up with more and more debt. The lower the interest rates, the more debt can be serviced. Raise rates high enough now to truly stop inflation and enough of that debt will end up in default that we won't have a recession, we'll have a depression. They've painted us into a corner.
. "Revenge spending will settle."
Huh? Wth is "revenge spending?"
Taking out a hit on someone?
. "Revenge spending will settle."
Huh? Wth is "revenge spending?"
Taking out a hit on someone?
Mark Wauck had an interesting take on this. He thinks the Fed is doing this to break WEF, using inflation as cover story.
If that is tbe case, I don't know that it's needed. The WEF/DAVOS war in Ukraine may do it nicely. No Russian or Chinese raw materials means no chips.🤷
Wow, those numbers are terrible!
They have painted themselves in to corner but good.
Are we looking at the mother of all bailouts again?
You Will Own Nothing and Be Happy...WEF...
https://www.youtube.com/shorts/aztvWxRKqDQ