So after the 08 financial crash, the Fed cut interest to basically zero then did 3 rounds of QE (huge money injections). 0% rates has really drastically changed the economy in the past decade. House, land, stock prices are all through the stratosphere thanks to the cost of money being so cheap. It's been dubbed the "everything bubble". These bubbles can only last on the assumption of super low rates. In 2019 the Fed tried interest rate normalization, ie the economy was doing great, everyone was employed so there was no need for 'emergency' interest rates anymore. Well this normalization only lasted a few months before the stock market started to implode. The fed quietly and quickly went back to QE (money printing) to stabilize the economy. Then literally within 3-4 months covid happened. And once again to stabilize the economy they printed massive amounts of money, and cut rates back to nearly zero. In fact over 18 months they expanded the money supply by something like 25%. The money supply literally exploded. This excess money will be chasing up the value of goods for years unless it is taken out of the economy. It's why inflation is out of control.
So to cut to the chase. The fed has a choice, either they raise rates and fight inflation, or they carry on at 0 and let the dollar be destroyed. It looks like they are going to save the dollar, but this means all these bubbles that have been inflated over the past 12 years will be destroyed. It could potentially be a violent unwind.
Can’t stand how anyone says Covid “happened”. No unfortunately nothing happened that wasn’t planned likely decades before. I prefer to view it as a controlled demolition. You can’t build back better without first destroying everything. This is what you’re seeing at present. Covid was negligible at worst but the emergency order which illegally give the executive supreme dictatorial power remains in place. Ironically the only emergency is what is happening to many people who took the vaXXX. Don’t expect the dictator to care if and when you get sick or get the SADS which is like SIDS where infants die from being overwhelmed by their extreme panel of mostly unnecessary vaXXXinations upon exiting the womb. All part of the plan. Nothing the government or state media says should ever be taken at face value. Unfortunately due to naivety and misplaced trust many will learn this the hard way while many still will believe they would have otherwise died from a virus that 99% of under 60’s survived, many with extremely mild symptoms. Fear doesn’t exist, it is a construct of the powerful human mind but the minds of many Americans are programmed to believe whatever authority tells them is true, despite what their own eyes tell them. This helps to put into its proper perspective why this gun control push which anyone with any sense knows that an infinite amount of rules and laws will never stop someone with criminal intent. Only serves to neuter law abiders. You almost have to give the people behind all this credit if it weren’t so evil, this is about ultimate control over everything and everyone. See other western democracies where they no longer have any right to self defense. They’ve gone full totalitarian. Currency devaluation/inflation/recession/depression is the Federal reserves way of creating a new slave class. Which should be obvious to everyone that can no long afford gas, groceries, etc. So sad too bad.
Covid would have never have been possible if it wasn't for the fed and their money bazooka. No one would have accepted being told to stay home if their income supply was simply shut off. People would have taken the the streets en-masse.
This is true and under appreciated. The lockdowns were allowed to continue because people got supported during them with money we didn’t have. And after all that, what do you know, we didn’t stop a coronavirus, much like we’ve never stopped any of them.
i saw this coming from many years ago . that's why ever since i was a teenager, i built my mind around being frugal, not wasteful, and am totally ok sitting in a room full of silence with myself for many hours a day.