The great pretending continues in order to protect the Federal Reserve from sunlight upon them. Central banks (U.S. Fed Reserve included) are raising interest rates into a recession, which is specifically against their legislative mandate. Therefore, in order to protect the bankers, the pundits and politicians must deny a recession exists.
Pundit Steve Liesman spins the data, says we need to wait longer, and circles the wagons to protect the policy makers, specifically the White House. Mohamed El-Erian tries to split the baby (02:00 video); while not admitting directly that the economy is in a recession, he states the “economy is weakening much faster than expected.” WATCH:
At a certain point all of this pretending and denial is going to come crashing down. The “economic transition” to a new “green future” they are all pretending not to see as the root cause of the economic collapse, has unavoidable consequences.
The dam is breaking around them and they are running out of fingers and toes to stop the inevitable collapse. Meanwhile the Davos crowd has purchased all the scuba gear and awaits the final outcome.
By claiming there is not a recession, the Federal Reserve can continue taking action that lowers economic activity. The lowering of economic activity drops the use of energy inside the economy. They are managing the economic transition inside the Build Back Better or Green New Deal agenda. They are managing a purposeful decline in economic activity in order to support the energy transition.
The only way the Federal Reserve and central banks can raise interest rates into a recession, is if they deny a recession exists.
That is why they are denying a recession exists.
Real People saw this coming. We were not surprised. We have been living it.
And, we are dying out here!
That’s their intent.
They’re evil & “we the people everywhere” will have to decide very soon if we’re going to embrace our own demise or theirs. There is no middle ground.
A huge Democrat tax hike should effect that decision.
And 5 Democrats with an R after their names, have already signalled they will vote for it.”5 down, only 5 to go” and the chief Democrat with an R after his name (Mitch) has no doubt already signalled he to his proxie votes, that 5 more will vote aye.
Meanwhile, all those Democrats with an R after their name, will campaign on their meaningless “No” vote, and say;
“See, I voted AGAINST it! THATS why you need to re-elect ME, and give the R party your votes, your $ and volonteer to get more R’s in Congress, to STOP Joe and the Dems!”
Its bullshirt, of coarse. But it has worked well, for so long that they hope it will work, once again.
And Sean “My sources tell me” Hannity will fall for it hook, line and sinker…
Hannity is a schmuck.
Remember… 99% of the FBI rank and file are great and trustworthy…
Momma was a prison guard, but I’m alright.
Schmucks everywhere resemble that remark.
Hannity has always been a bumboy for the Chamber of Commerce Republicans.
I keep telling you people”You won’t vote your way out of this mess”And if you wait till 2024,you may not be here.Sorry,but thems the facts.
😂 I just read where PGE’s customers in Portland are giving the utility permission to stealth command their thermostats. To save a dollar or 2.
Wait until the stealth commands start shutting off access to electricity at the utilities will. “Oh, it was just a programming error. Sorry you died of heat stroke.” Or you froze. Or you had no water. Or, or, or.
Stupid people that relinquish control of what they’re purchasing will relinquish control of their 💵💰 to the gubmint without even a whimper.
Our power company came out and updated all the thermostats. If we didn’t allow it, our bills were automatically increased.
I have a culligan water softener that was in the house when I bought it.
They went to online billing & payment. I refused. I pay $3/month for a paper bill & to mail them a check.
Next up… I’m buying my own water softener & kicking them out of my life.
I simply will not comply.
Just trying for another Satellite TV service now that History, Crave, and Disney have gone Wackjob.
China’s plan is working incredibly well. The USA ? Death by a thousand cuts.
The thousand cuts are our own politicians.
Yeah, I’m shopping my way out of that too. I may end up with nothing but local channels which I won’t watch anyway… BONUS!!
all convenience and cost saving for them, none for the customer
I hope they’re happy with that choice because I’m going to “convenience & cost saving” them right out of a customer.
Forever.
They are trying that here with AEP
They’re welcome to pound sand when they try it here.
I’m generally not a compliant type.
would directing a hair dryer on the thermometer in summer or a bag of ice on it in winter “help it” to adjust to the “right” temperature?
maybe a removeable “isolation box” completely surrounding the thermostat?
just brainstorming here…
Maybe but only if you were there or awake when they did took control.
Stupid people that allow Gobble and FaceMet to read their emails and everything they do.
The climate radicals in the Biden admin. want de-growth. Economic growth is unsustainable. All of this is intentional.
When a 100 million more poor children starve can we hang the people who shutdown the fertilizer plants?
Shame on us if we wait that long.
Yet the logical & genuine way is to stop the immigration invasion legal & illegal. Yet they won’t which proved to me years ago its all a complete criminal conspiracy & fraud
Good way to hide the past, current and upcoming vaccine deaths, isn’t it?
More than scuba gear is bought up! Wealthy Citizens getting ready also:
Did you hear about this??? Better Listen Up!!! CYA is becoming SOL,
https://rumble.com/v1dqkb1-whole-world-is-a-banana-republic-bill-holter.html
Deep dive, but very informative. Thank you, GenEarly.
El-Erian is a smart man, I’ll give him that. But if he had any professional or personal ethics, he’d come right out and say what the figures clearly indicate. The elephant in the room is sitting in his lap, and he won’t spit it out.
The man is a lily livered coward.
So their plan is working….so far…
Thank you, Starfish Dude!
“Executive Order 11110 was the attempt to bring back United States notes backed by silver, returning to the Treasury Department the Constitutional power to issue debt-free currency”
Facets: Executive Order 11110 & the JFK Assassination
https://www.thelibertybeacon.com/facets-executive-order-11110-the-jfk-assassination/
One Citizen s going to silver & gold coinage in a $50,000,000 purchase. no reporting
https://rumble.com/v1dqkb1-whole-world-is-a-banana-republic-bill-holter.html
Thank you Colkitto.
When just one of these WEF puppets is hunted down and strung up, it would be a glimpse of hope
The Armenians hunted down as many of the Young Turks who orchestrated the Armenian Holocaust as they could. They got many of them.
Young Turks and the Armenian Genocide
https://www.armenian-genocide.org/young_turks.html
Should hopefully be captured on Hi def video and broadcast with terse warnings from citizens for truth
We can work smarter.
Oceania has always been at war with Eurasia.
Interest rates are always raised during recessions.
Once we admit we are in one.
And soon their will be daily announcements of the illegal occupant/marxists in the WH & Congress increasing our chocolate rations
Glad to see I’m not the only one that has had 1084 running around in my brain all day looking at this crap.
It never ceases to amaze me that these fools view it as an instruction manual and not a warning.
going to use 1984 methodology to bring us to a 1084 lifestyle…
There is no truth that can be found at CNBC. Fake news doesn’t do it justice.
W.A.S.S.
defund the robber-elite government. vote in legislators willing to stop the dollar flows cold until the plundering of america stops.
WE, who champion the Founders vision, fail to recognise the KEY element OF their vision.
Ultimately, their vision of a Constitutional Democratic Republic of representational Democracy, depends on the citisens recognising the awsome responsibility the Founders placed on US.
WE the People are obligated to understand accept and carry out OUR responsibility to be actively engaged in the process.
50 percent of those qualified to vote,…don’t.
Of the other 50 percent, 95 percent phone it in, and contract it out, relying on others to vette the candidates and tell them who to vote for.
Who, reading this regularly attends City Council or School board or County commission meetings?
Remember Gabby Giffords was shot at a “Meet the Representative” event? All in the House, have these events. Have you ever attended one?
We farm out the process of selecting Candidates to Political parties, with their own vested interests, and then vote straight R.
How many have EVER attended a local R party meeting? Do you know the name of your Precinct captain, local, county or State party ‘leaders’?
Our Founders KNEW there would be those who crave power, who would constantly work to subvert the system, to aquire and consolidate power.
They gave US the awsome responsibility of thwarting these tyrant wannabes, with constant vigilence, and ultimately it is We the People who failed our Founders.
And yet, their are many on these boards, advocating more of the same.
Variations of “You can not vote your way out of tyranny” and suggesting this will inevitably only be resolved by armed conflict.
So, we got in this mess through being politically disengaged, and their answer is more of the same?
And these same commenters have no answer to “Exactly HOW is armed conflict (civil war) in any realistic way, going to address the problem?
In many cities, Mayors and city councils are elected in elections with 10 percent participation, cause citisens can’t be bothered.
City governments have far more power to effect you, through zoning regs, etc.
The CDC RECCOMENDED masking, but it was State and Local governments that enacted and enforced mandates.
PRIMARIES are happening this week. Decisions are made by those who show up.
“A Republic, IF YOU CAN KEEP IT”, indeed. WE have failed the system, but its not too late. By reversing the underlieng cause OF the problem (our disengagement and ennui) we can fix the problem, even at this late date.
As for those advocating variations of “You cannot vote your way out of tyranny, its going to come down to guns, in the end!”
This is like we have all been taking small doses of poison, making us sick, and they are advocating the answer is to keep taking the poison, and eventually when enough of us get sick enough, we will all solve the problem by,…?
Shooting each other in the head.
Our enemies openly want to destroy America, and depopulate the world.
A civil war in America WOULD destroy it, and go a long way towards depopulating it.
WHY would anyone come on these boards, and regularly and consistently post comments the effect of which is to sew despondency, and encourage inaction, and discourage action, and suggest the ONLY answer is to engage in behavior which objectively gives our enemies exactly what they want??
The powers-that-be obviously wish to provoke a civil war or worse, but they may get more than they bargained for.
Have been to a few, but other than shaking the Reps hand in case I ever want to communicate, they are very tedious.
Now, however, is an excellent time to publicly raise with them their MAGA creds, if Republican, or their votes for spending bills, if Dems. Won’t be so boring if the MAGA crowd starts pressing them.
It’s not despondency….it’s called reality.
Every single time people like this have gotten their claws this far into a country it has ended in bloodshed. Without fail.
We can keep pretending voting will save us, or we can prepare for the inevitable.
Reference Jesus driving the money changers from the temple as an argument against those who favor doing nothing in the belief that God will miraculously save us from ourselves. It’s going to take a lot more thought, planning, organizing and brilliant ingenuity than we’ve been able to muster so far to save the republic. Hopium in whatever form is not going to clean up this mess.
Join or start a local Tea Party. Start a citizen government watch group. Film the meetings of your local/county/state government. Expose them. Run for office. Their is much you can legally do to stop their crimes & treasons.
Good afternoon 🌅🌄 joel..
Haven’t seen you in a while.
Voting 🗳 as you suggest is supposed to be the best option. Unfortunately we’re not counting the votes 😕 .
Or let’s do away with all of the Federal government for a bit, each citizen make sure their town/city/parish/hamlet/whatever is on track, then that their county is on track, then the state. Once we get all the little stuff right, the federal part will be MUCH easier.
Let them all commit hari-kari
Their nwo-GND utopia ha already failed in small scale counties
The faster they push. We can expunge these ideologues forever. Interesting historical times
The Creature From Jekyll Island (by G. Edward Griffin) (Exposing the “Federal” Reserve)
He’s in his 80s and still getting the word out:
It’s Ludicrous the Fed is Fighting Inflation, When They Created the Monster: Jekyll Author
“The Federal Reserve is the cause of inflation,” and it’s ludicrous they are trying to stop it, claims G. Edward Griffin, author of The Creature from Jekyll Island and founder of the Red Pill University. “Money supply is based on tangible value,” which the U.S. dollar is lacking he tells our Daniela Cambone. “Gold and silver throughout history have been the backing of any good money supply, because they take human-effort to produce,” Griffin continues. “The middle-class is being squeezed out of existence,” he warns and says we are, “going back to kind’ve a medieval stage.” Griffin concludes by discussing why banks love having gold and silver stockpiled, “but they can never have enough of it to base a monetary system on it that is profitable to them
The Federal Reserve Needs to Destroy U.S. Dollar to Usher in Cashless System: Jekyll Island Author
In part two of our discussion with G. Edward Griffin, he warns that the United States and the Federal Reserve are, “actively trying to destroy the U.S. dollar,” along with adversarial nations. The author of The Creature from Jekyll Island and founder of the Red Pill University tells our Daniela Cambone that the economic leaders of the world are working towards, “the bankers dream… a cashless society.” Griffin says the goal of this is to give governments full control of purchasing power, and the ability to have all future transactions passed through the banks. In the long run, cryptos will not be the “freedom-loving” assets they promise to be, he continues and says a, “gold or silver-backed monetary system” is still more attractive compared to today’s prominent digital currencies. Griffin says that, “the reason why we have inflation is that the money supply is not pegged to something that takes human effort to produce,” concluding that there is no difference between governments and banks creating inflation.
Is it just me or does Janet Yellin look like Tony Fauci in a wig?
Ever notice that you never see both of them in the same place at the same time?
Yellen reminds me of Aunt Clara from Bewitched.
She reminds me of my elementry school librarian who lives with he sister and has 32 cats in her house and also a hoarder. Her spare bedroom is filled with empty cat food cans.
LOL …yes!
I think it’s time to put Old Yellen down. She was a good dog, but she’s got fiscal rabies.
The economy is in freefall and can not be directed or re-directed in any direction. It is going where it’s going and no one can stop it. Good luck, everyone.
We haven’t quite reached terminal velocity yet.
Interesting that Chinas economy is imploding, simultaneously.
Sure, Chinas economy IS tied in to the World economy,…PDJT’s Tariffs no doubt played havoc, and a downturn in the global economy is effecting China.
Covid lockdowns are biting them in the butt.
And, they are having a housing crises that dwarfs the 2008 one here.
There IS a difference between the housing crises in China, and ours. In China, people had NO CONFIDENCE in any other investment; they didn’t trust the State run banks, or State run corporations as investments.
So, they invested almost exclusively in housing, which is why the bubble is so much bigger.
How will this effect their involvement in BRICS? Will their financial problems pull down BRICS, or will their involvement in BRICS shore up China?
guess we will find out,…
The economy is going right where the illegitimate JoBama regime wants it to go.
“At a certain point, all of this pretending and denial is going to come crashing down. “
Who do you think is going to hold them accountable? Voters? Nope. Media? Not with these grifters.
They will just come up with more lam excuses, and outright lies!
I remain long on tar, feathers and pitchforks.
I really do have a fondness for T and F. The idea is to punish PRIMARILY thru public humiliation.
T &F, done properly with PINE tar, heated just enough to make it molten, and like candle wax not hot enough to cause serious burns, but once applied and later cool IS extremely difficult to remove.
But, its the adding of feathers, which makes the most distinguished and austere if officials look absolutely rediculous, especially when then seated on a ‘rail’ which is carried on shoulders, so the guest of honor can be carried around, in an elevated position so all can see, while they cling to the rail, looking especially foolish.
No one was ever prosecuted for T &Fing anyone.
And, no official T&F ever, in any major way, continued in their “public life”.
What a Great, time honored tradition.
The feathers can be ignited with a thrown match, burning hot enough to ignite the tar. People who have met T & F leave town in a hurry and never return.
I have always thought the old-time tradition of stocks on the capitol steps would be fitting, especially for nancy pelosi.
ADP took a holiday as a favor to the admin so they could point to positive(or rather “not horrible”) job numbers
This is smoke mirrors and mostly lies
Watch when ADP comes back on line it’ll be revised jobs numbers
This is a house of cards
What percentage of this, labor numbers, consumer spending, is a result of the baby-boomer generation that, when the businesses were shut down for the 15-days to slow the spread decided to simply go full-retirement, so now on fixed incomes;
also, what percentage of businesses that were shut down never re-opened?
Also, how are these economists counting the jobs regained once other businesses that had shut down and did reopen- are the economists adding the people that simply went back to work as new hires so the number crunchers can claim employment is up?
Are any economists looking at the impact of businesses being unable to fill open jobs, such as school systems that can’t find enough bus drivers, comparing the impact of not finding workers vs the workers who refused to take the inoculations or its boosters? Or airlines having to cancel flights because of lack of pilots? What category would those people be put into?
Wouldn’t those numbers need to be looked at to get a truer picture of the economy?
One never vaccinates into a pandemic…Geert Vanden Bossche.
Ignored.
One doesn’t raise interest rates in a recession…anyone with a genuine understanding of economics.
Ignored.
The covers are blown off the globalist plans to a) rid the world of billions of people, and b) crush the survivors into destitution and starvation.
Win-win for the NWO and Build Back Better crowd.
I’m praying mightily that God’s will, which is always done on earth as it is in heaven, includes the striking down in short order of the evil which has taken over the souls whose monstrous actions have led us to this unholy place.
It will be one for the ages. And all the sweeter of a victory for the survivors on the other side.
Until then, we must endure, and maintain our spirits and keep that flame alight in the world a while yet. The times ahead will bring the best, and worst out of people. It is a time for choosing.
How right you are, RF. Knowing it to the very core of my being keeps me sane.
That and knowing Almighty God works all things for good. Nothing other than that comes from Him.
It is a time for choosing, 5.56 or 7.62 ?
.69 musket round will leave a larger “impression”
As a matter of circumstance, or preference, they both have their uses.
There are things worth using force to uphold and defend. I cannot make that choice for others. Common cause will make for allies when they are needed.
Oh come now, there’s no need to choose.
Use one Mon Wed Fri
Use the other Tue Thurs Sat
And if they force the Sunday issue, use both!
I am still praying for the good ol’ standby LIGHTNING BOLTS!!
Whatever works, GM. I hear they are very effective.
Many did not take The Clot Shit! Myself included.
Nor did I, thanks to listening first to Dr Tenpenny, who wasted no time in explaining what they would do. And learning that tests were done on murdered babies. (HEK293).
Now? Fewer and fewer are stepping up for their next in a series of boosters. And thankfully parents for the most part are are saying no way.
The real Christians could step up and begin to influence people in their circle of influence. You get one person to vote your way and you subtract the vote from the enemy and it adds up. Now is the time to further the gospel of Jesus Christ for we fight not against flesh and blood but against principalities and powers and rulers in dark places. The real enemy is satan who hates God and because God loves Man, it’s satan plan to destroy man.
if Christians would step up and vote they could not cheat enough to win an election. What people fail to understand is that this nation was founded under God that is why flourished and became the best nation known to man. When they asked Benjamin Franklin what kind of government they gave birth to, he said a Republic if you can keep it.
Adams also told the woman when asked what form of government……”A republic madam, if you can keep it, for it is for a for a good and upright people.”…..In his day Adams was referencing the morality of the bible and how people that lived by ITS principles could be properly governed under the new constitutional republic the Founding Fathers had just set the blueprint for in the US Constitution
All true, LtoL. Every person of faith should do as you say, and I suspect most will. One person at a time. Within their sphere of influence, within their communities. Praying all the while that ears and hearts will be opened.
Our tapestry in this country, so carefully woven, is tattered, full of holes, some made by people with sharp scissors. Until it is rewoven, one stitch at a time, all we can do is the best we can do. And pray for the strength through Christ’s help to make a difference to as many as we can.
Great post as usual Bet.
‘Central banks (U.S. Fed Reserve included) are raising interest rates into a recession, which is specifically against their legislative mandate.’ — Sundance
It would be, if they had a single clear mandate. But the Fed’s dual mandate – stable prices and full employment – is incoherent. In the short term, hiking rates to slow inflation can reduce employment … but with a lag, which the Fed pretends not to realize.
Even PhD Econs aren’t that dumb. It’s just a pose.
Long term, with a single coherent mandate – stable prices – employment would take care of itself. Believing that the central bank can manage the economic cycle and thereby add any value is Soviet value-subtraction thinking: wrong on its face, and deeply destructive.
Robots are replacing hamburger flippers at McDonalds. But even the cruder robots of 20 years ago could easily have replaced a Federal Reserve governor. The mental capacity of a housefly would suffice to replicate what they do, and more consistently to boot.
Notice the Fed has now said it will no longer issue forward guidance. Indicating they either have no idea what they are doing and want the cover, or are out and out admitting they’ve screwed up and don’t know what they’re doing.
Either/or…we are all going down on the sinking ship which has been deliberately torpedoed.
It wouldn’t surprise me if they plan not to raise rates in September in order to help the dems. They don’t want to say that now, though, because of all the strong recent language about containing inflation. I don’t think they should raise rates in September but I think their motives will be political.
Oh I definitely believe it is all about politics, remembering that all the Fed members and central bankers attend the Bilderberg and Davos meetings. They are enemy combatants after all.
Look at the stated mission of MOST Federal agencies, and you see the same dual conflicting mandate.
FDA supposed to regulate medications WHILE promoting development.
At one time, we had a Dept of the Federal govt thats mandate was to reduce tobacco usage.
Big Dept, massive budget, army of buerocrats actively pursueing this mandate.
Simultanously, a different massive dept, huge budget etc. subsidising tobacco farmers, effectively encouraging tobacco production.
Twice the mandates, double the mission creep.
We The People must hold firm. Our darkest hour may be yet to come but our brightest days can yet be had.
Hard times create strong men.
We The People have neglected the awsome responsiblilty entrusted to us by the Founders.
They gave us the ultimate power, excercised primarily through our votes, and our State Governments.
Thru ennui, complacency distraction and laziness we neglected our responsibility.
As that is the core center of the problem, the answer is clear; STOP being disengaged.
THEY have gradually expropriated more and more power, because WE LET THEM. WE stll retain the power, and WE can take it back, by becoming engaged.
“Hard times create strong men.” Indeed, but, I’d go even further – without hard times there would be no strong men. Ironically, therefore, in their quest to beat us down, they are actually CREATING tons of strong men – and those are getting angrier by the day.
August 2007. That’s when this charade was created. Hank Paulsen on his knees begging Pelosi for a bail out of the banks caused by government mandated fake mortgages. (Barney Frank)
Walked away from the false “stock” market, CNBC w/ their lying liesmans and Cramers, right then and there and care not what happens to these P’sOS.
15 years of ICU keeping this terminally ill economy alive. Ben Bernanke and his Quantitative Easing. A lot of retail investors are going to be hurt.
IMO 1913 trumps what happened in 2007
Fair enough. I wasn’t around then…
“Meanwhile the Davos crowd has purchased all the scuba gear and awaits the final outcome.”
Sundance you are correct with your statement above.
If I may add an observation.
They may have scuba gear, but they need to come up for air sometime. Just like the whale, largest animal on earth that was almost hunted to extinction for their oil. They have a weakness that was exploited. They have to surface for air sooner or later.
This is my thinking as well.
How do these people expect to survive when the rest of the world deems them kill on sight?
Will you be waiting by the air hole with a harpoon?
THEY are being conned. Those in the middle of being conned, obviously can’t see they are being conned, but those outside can.
“HOW could you POSSIBLY fall for this?” we say/think, when we hear about SOMEONE ELSE, who falls for what to us, is an obvious con.
Klause Schwab says to the WEF’ers; Global warming dooms all of humanity.
But, I have a plan! WE will work together to insert ourselves into all Institutions, and enact “the great reset”.
Yes, we WILL decimate 90 percent of the earths population, but you and yours will be amongst the 10 percent that will survive.
We will use transhuman genetic manipulation, and melding computer anf humans, and you will live forever, and have all your needs met by robots.
And, like those who fall for the ‘bent bank teller’ or “3 card monte” scam, they fall for it, while we shake our heads in disbelief.
Klause Schwab, the greatest con man in history.
I listened to Mohamed El-Erian on Bloomberg yesterday. He was very critical of the FED regarding their slow action and calling transitory inflation last year. He even addresses that the FED will not pivot back to EZ money quickly because they seriously screwed the pooch.
“…the answer would be easy if the fed wasn’t so late if its forward guidance wasn’t so damaged in a world where the fed had avoided these policy mistakes they would pivot pretty quickly to the real economy but in this world where they have to restore their inflation credentials that pivot is really tricky so I don’t think the pivot will occur as soon as some people are hoping for and if it occurs there’s going to be a lot of questions about is this the stop girl fed of the 1970s.”
Opinion varies but my assessment of this cluster fck is it’s all purposeful and planned out with targeted destruction as the goal. Hence, historical norms and customs are out the window.
The wild card is us. They’re ‘banking’ on us doing what we’ve historically done and playing by the rules and supplicating to authority. We have choices.
Steve Leisman has been a Federal Reserve lap dog for years. Zero credibility.
These abject buffoons are worse than ‘meteorologists’.
And that takes some doing.
Ace of Spades HQ (mu.nu):
LEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION
Last week they banned the word “Groomer” because too many kids were escaping. This week, you can’t say the Regime changed the definition of “Recession”. In fairness, maybe they just changed “20% Inflation” to mean “10% Inflation.
Remember: it’s not true until Big Tech bans it!
You can change words to protect your narrative, but it won’t change reality
Devil’s advocate: Volcker raised interest rates to counter Carter’s inflation, by 5% in one action. Wow. But that was necessary, he (and Reagan) believed, to squeeze the excess M1/2 out of the system. It worked. So, was that move by Volcker also counter to the legislative mandate at the time? Further, if reduced energy consumption is the goal of Powell’s rate increases, why wouldn’t he pull a Volcker and go all in on 5% rather than this measly 0.75% stuff?
Oil is still mostly priced in dollars, so if Powell raised rates by 5%, the value of the dollar would skyrocket compared to other currencies and oil prices would drop for Americans. Biden doesn’t want that.
It’s the Great Lying, not the Great Pretending.
Highest Inflation In 40 Years, Highest Gas Prices Ever, Shortages, And Now A Recession
https://www.investmentwatchblog.com/highest-inflation-in-40-years-highest-gas-prices-ever-shortages-and-now-a-recession/
….the recession is intentional…may the law of unintended consequences overcome the well -planned and strategized election cheating by the leftists ongoing now and into November…the steal is real
I paid $1.72 for a single red onion today. I don’t need any economics degree to know things are bad and our government is so inept, it will become much worse.
I am waiting for any red blooded American man to get up out of his dirty job and say “hold my beer”. All of America will be right with him.
U.S. Employees are getting paid an average of 6 and 1/2 onions per hour.
How long till a day’s wages is not enough to buy a bushel of wheat?
Sooner then I would like to imagine.
$15 dollars an hour!
my pilot potato harvest has started coming up. I’ll be eating “free” for a while.
gonna put in more potato infrastructure for next year
Again these people ,globalist satanic cabal do not look at history or current events Sri Lanka as example and other nations rising up all across this earth.In their demented minds they are too big to fail,we will see won t we Psalm 68 1-2 Psalm 68
King James Version
68 Let God arise, let his enemies be scattered: let them also that hate him flee before him.
2 As smoke is driven away, so drive them away: as wax melteth before the fire, so let the wicked perish at the presence of God.
Maybe they weren’t expecting it to weaken that fast, but we sure as he11 were. But, hey, don’t worry; everything is darkest just before it goes pitch black.
What we need to invigorate our dying country is a 21st Century land rush.
Imagine if the government opened up its land holdings in Western States to private US citizen homesteading/ownership.
First, let’s remove (or disqualify) the illegal aliens.
That will greatly lower US Green House gas emissions and pollution!
The illegitimate government in Europe is even worse than in the US. In my mind, Europe will be a warning to the US as to what is coming if we don’t reverse course from the Davos/WEF ‘mandates’.
I found this video recorded 2 days ago, as to the current survival issues in Austria of all places. Maybe if it gets bad enough the people of Austria will pay Klaus and company a visit?
“lowering economic activity”…You will have nothing and be happy.
It’s amazing how the news media is downplaying the data confirming something that every ordinary American has understood now for 3 months. This is a recession.
The news media has lied for decades to provide cover for the New World Order. Why would they stop now?
CUT THE CORD!!!
This attempt to “transition” “Western” countries to global digital feudalism will eventually be an Epic Fail that will result in millions of deaths. Unfortunately I think “the die is cast” at this point. Best we can do as Sundance more-or-less advised is to try to not be one of the victims.
Viva 🇲🇽 Mexico!!!
Reuters actually says a greater slow down is need to reduce energy consumption. To re-balance oil inventories.
https://www.zerohedge.com/markets/plunging-us-oil-inventories-imply-deeper-slowdown-will-be-needed
Diabolical insanity.
Pretending says it all, Identity Politics, get these people alone with questions you get talking points Scooby doo BS, and no one buying that anymore, in fact, people have stopped buying because our money was stolen by the same thieves that stole the election. Jeti mind trick not working.
While the Davos deviants are swimming circles in their scuba gear, it would be a good time to go fishing above using Dupont lures.
Never can tell what might surface.
If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.
—Joseph Goebbels
https://www.theepochtimes.com/argentinas-government-collapsing-people-refuse-to-work-amid-major-subsidy-cuts_4625861.html?utm_source=News&utm_campaign=breaking-2022-07-28-3&utm_medium=email&est=cmKtUWRm1u7flOMXphoNVc1kbroddC51pTSmFTD6eFf%2BUa2CdqP%2B9SLcJyBxxZs33g%3D%3D
I gotta admit. That article made me laugh. Not because it’s funny, but because it could so easily be the U.S., and probably will be in the near future.
Give Donald the ball and his pick of appointees…
Have we ever raised interest rates in a Recession before?
BTW, Liberal psychophant ‘economist’ Paul Krugman again wrong multiple times. Why isn’t he FIRED?
1. Krugman predicted a Recession under George Bush Jr. 5, 6 times, before getting one right. Never happened.
2. Krugman predicted a Recession impossible to pull out of when President Trump was elected in 2016.
3. He recently dismissed concerns about inflation.
4. He then penned an article saying he was wrong about inflation.
5. Now he’s trying to redefine Recession. It’s not a big deal
BTW, he married a wealthy woman, also an economist, who heavily influences and edits his articles.
I bet at some point Sundance will cover how Big Government Liberal policies caused the housing boom and bust in the 2000s by forcing lenders to lend to people with poor credit and low incomes.
https://www.foxnews.com/media/paul-krugman-recession-wrong-inflation
I have never until this year heard the claim that two negative quarters of GDP growth doesn’t mean recession. Even the Wall Street Journal is in on the scam, though their articles do indicate things like “which many consider a recession” or similar language. What a joke. I suppose Snopes and Politifact will have absurd fact checker articles on the subject.
My husband, who works for a major shipping company, tells me shipping volume is down 20% in his region.
That’s a huge drop.
Please don’t take offence SD, but usually the best way to fight Inflation-Recession (Stagflation) is to fight inflation first. During the Carter-Reagan years the Fed was raising interest rate first long before any Reagan spending (Defense) and tax cuts took effect. The only problem was the Fed kept the interest rates too high. Interest rates didn’t start to become low again till the very late 90’s. Fed Chairman Paul Volcker was actually a decent Chairman, unlike modern Chairman.
Moved to rural, Southern Utah a little over two years ago… Mayberry on steroids, absolutely spectacular.
But something WEIRD is going on. I actually saw a blue hair, yesterday, doing serious drugs, out in the open. Main St has people walking up and down that look like they came from the Tenderloin.
Section 8 housing units being built.
Soft peddling the recession for the Marxist globalist Davos puppet Biden. The tune would be doomsday if Trump were in office.
Do the real live d evils actually believe anyone who remains will willingly serve them when all is lost?
Those who currently enable and serve them will ultimately be the servants.
Something has got to give
-soon. 🙏🏻