The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy? By Ellen Brown / Original to ScheerPost “There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when
Hmmm... I don't know that I agree that energy and food are the key inflation drivers. I'd say housing, healthcare, higher education and hope for retirement, or the unaffordable 4H that rise in proportion with the money put into circulation through low-interest mortgages. Since everyone needs a home, the cost of services that can't be outsourced has to go up proportionally--hence the UC grad students strikes that will continue to raise tuition costs beyond the 400% they've gone up since you and I were in college.
The rise in interest rates is to shake loose all the variable mortgage owners so the asset grab by Blackrock et al can continue. There's no way for them to push more money into the economy to cover the interest they didn't create with the principal, as I learned from you. So the only thing they can do now is become owners directly because the illusion of home ownership, which was always renting from the banks, can't be sustained. My two cents.
Dear Ellen I suggest the cause of the inflation in the US is being caused by the end of the PETRODOLLAR. The fact that today countries can pay for oil with gold, silver or other currencies means that all those dollars that had been in reserves of most countries are being exchanged by other safe instruments, and all those US dollars are.... going back HOME to the US generating the huge inflation we are witnessing. My view is this is only the beginning and the more countries see the US dollar as weak, the more it will be dumped, accelerating the inflation in the USA.
Brilliant and on the money, thank you Ellen. I am following their machinations with interest. My rule is always follow the money. The Bretton Woods system died in 1971 if the truth is known and September 2019 saw a hidden earthquake in Repo.
Hopefully a major rash. Otherwise he's a blooming academic roaming around in the dark. Sure, he'll protect the top 5 %, but the other 95% will pay dearly to do so.
Hmmm... I don't know that I agree that energy and food are the key inflation drivers. I'd say housing, healthcare, higher education and hope for retirement, or the unaffordable 4H that rise in proportion with the money put into circulation through low-interest mortgages. Since everyone needs a home, the cost of services that can't be outsourced has to go up proportionally--hence the UC grad students strikes that will continue to raise tuition costs beyond the 400% they've gone up since you and I were in college.
The rise in interest rates is to shake loose all the variable mortgage owners so the asset grab by Blackrock et al can continue. There's no way for them to push more money into the economy to cover the interest they didn't create with the principal, as I learned from you. So the only thing they can do now is become owners directly because the illusion of home ownership, which was always renting from the banks, can't be sustained. My two cents.
Dear Ellen I suggest the cause of the inflation in the US is being caused by the end of the PETRODOLLAR. The fact that today countries can pay for oil with gold, silver or other currencies means that all those dollars that had been in reserves of most countries are being exchanged by other safe instruments, and all those US dollars are.... going back HOME to the US generating the huge inflation we are witnessing. My view is this is only the beginning and the more countries see the US dollar as weak, the more it will be dumped, accelerating the inflation in the USA.
Brilliant and on the money, thank you Ellen. I am following their machinations with interest. My rule is always follow the money. The Bretton Woods system died in 1971 if the truth is known and September 2019 saw a hidden earthquake in Repo.
https://austrianpeter.substack.com/p/a-perfect-storm-the-money-crisis?s=w
The system is on borrowed time and I believe 2023 will the the beginning of the end or rather the demise, as EUEU & SCO take over the reigns.
Hopefully a major rash. Otherwise he's a blooming academic roaming around in the dark. Sure, he'll protect the top 5 %, but the other 95% will pay dearly to do so.
The Fed is corrupt and does what it wants. They need to start reporting the M3 money supply so we know what economic state we are in.