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Sask | Interesting how government tends to miss the basic things used to determine how much of your labour and savings are being stolen by flooding the monetary system with debt. It's almost like they do it on purpose, but that would be conspiracy talk so we can't have that discussion.
So we can discuss how the privately run Fed whose purpose is to prevent government from over spending is now seeing a problem with government overspending. It's almost as if the Fed should be doing exactly what we are told only a privately run operation could do. But they won't.
I suppose they won't because they just aren't that bright. I suppose we can be told "who could have seen that coming". Much like the entity whose one and only job is to control how much currency destruction they accomplish in any given year can't actually see that currency destruction. Remember when Yellen said:
There is no inflation
There may be some but it is contained
There is inflation but it is transitory
We have higher inflation than desired but its ok.
Yes, the people who sets policy that devalues the currency with each passing day, we are told actually don't know how to identify inflation. When housing went up 300%, land went up 300%, energy and food, all other things had major price increases because of the Feds policies of destroying the currency - they actually couldn't see it.
Now, to discuss this further also would be conspiracy talk. So we just have to say that the privately run Fed who is there to be the smartest group on the planet is actually the dumbest. Otherwise we have to say they knew better. But that means they were lying. And that would mean a conspiracy of some kind. So they really are that dumb.
If the Fed cuts rates you will see even greater acceleration in currency destruction. Because most people have already figured out the currency is on its path to zero value and owning assets is the way out. So they will use cheaper debt to pursue more assets and that gets into hyperinflation.
We only have to ask if the Fed understands, after 15 years, or more so, after 110 years, that the cheaper the debt is the more currency is brought into the system, which devalues the existing currency in the system.
Edited by 69Cat 4/3/2024 10:21
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The main reason Interest rates will go unchanged through November
