June 09, 2023
My prediction, the Fed is going to raise the rate in June, maybe again in July and then hold for a while, quite a while. Probably years.
The perverse objective is to get as many people as possible laid off. So that they use up their savings, liquidate their wealth, sell their homes at bottom feeder prices, in order to survive, maybe commit suicide.....
Think of it.....that is to cover the spending
fiat dollars pouring into the hands of government cronies, military
industrial, filthy and corrupt Ukraine, and laundered back to the
politicians....
Sadly I agree Nikki. This Keynsian idea of inflation being from too much consumer spending is horsepoop. Slowing the "overheated" economy is in fact doing exactly what you say here. It's wrecking an economy that was already in trouble. And why? So Biden and the Congress can take more of our money and blow it to their own benefit.
Posted by: Timothy Birdnow at
10:03 AM
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