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Why is there not a three strikes rule for banks? Wells Fargo would be out.
Professor suggest that The Federal Reserve should set pay, set certain commodities even deciding who gets loans and who doesn’t. It is the way to give the Federal Reserve ultimate power. The digital currency is preparing the US to rely on the government solely for its needs
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Inflation needs to get worse before the Fed will do anything. Keep on raising that debt ceiling. The amount of debt that we have acquired since the last economic downturn in 2018 is $25 trillion. Plus, the post office charging more for less.
Get ready to pay a lot more for your Nikes.
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China has just issued shutting down of factories due to energy crisis. UK gas prices could be here soon. Natural gas price is equivalent to $200 a barrel oil. Electric vehicle simply cannot work at this time, we don’t have the power infrastructure.
Pork, the cheapest of meats, price increase to surge to all-time record highs due to herd shortage. Of course it is just transitory inflation.
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Silver shortage. Silver got ambushed today. Supply shortage. Ports are stacked up and now asking government for money to unload freight. Not enough truck drivers to move product. Is it a shortage of truckers or a shortage of trucks? China’s energy shortage. The power cuts have been going on longer than we have been aware of.
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Big banks can have rip off families, Big banks can have felony counts, but the Fed has never refused one of their charters. Criminals. Federal reserves are “retiring” because of the distraction of… Well let’s be honest… Insider trading. Plus, stores have toilet paper, but everything is disappearing.
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China is starting to crack down on energy usage. This will cause even more major disruptions in the supply chain. Do you think we have chip shortage is now? Will you be able to get that new iPhone 13? Plus, Covid mandates cause crimes to rise as police refuse to take the vaccine.
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Is the inflation transitory? Yes, but it will never get back to what it was. At least 20% more of what it used to be. Shipping cost are hindering those Christmas presents arriving on time. Plus, Lake Powell at drastically low levels; and FedEx adds fee increases surcharge for fuel.
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Jay Powell- taper to start - three rate hikes. It is amazing to watch the lies that he delivers with a straight face. Plus, the overnight repo market. The Fed is not your friend.
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Jay Powell will be speaking today. These Fed meetings are just an elaborate show that makes it appear that the FED is concerned about the “little people“. Break out the dot plot. Plus, housing troubles continue. PVC is now the latest issue.
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China closer to capitalist than every. Wall street want a bail outs. Payments to low income families, for nothing other than having kids. Will will all pay for it.
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