When Chairman Powell says things are really, really going to suck as monetary policy tries to support Biden’s goals to reduce energy supplies, will people believe him?
The agenda of the federal reserve was clearly outlined today in the remarks from Chairman Powell in Jackson Hole, Wyoming. The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies. Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell today, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption. WATCH:
What does “some pain” mean? It means lower incomes, higher prices, lowered standards of living and more scarce resources. During this transition to owning nothing and being happy about it, the pain is your wealth being stripped as the economy is intentionally diminished.
We will not be able to afford much; we won’t be able to afford the foods we want; we will not be able to purchase anything except the essentials, and those essentials will cost much more; we won’t be able to vacation, travel, or enjoy recreational activities; we won’t be able to afford any indulgences; but at the end of the process, we will learn to live more meager existences based on lowered expectations needed for sustaining the planet. Pay no attention to the elites who don’t have those concerns, comrade.
[Transcript] – POWELL: “At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct.”
“The Federal Open Market Committee’s (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all. The burdens of high inflation fall heaviest on those who are least able to bear them.
Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
The U.S. economy is clearly slowing from the historically high growth rates of 2021, which reflected the reopening of the economy following the pandemic recession. While the latest economic data have been mixed, in my view our economy continues to show strong underlying momentum. The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers. Inflation is running well above 2 percent, and high inflation has continued to spread through the economy. While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.
We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent. At our most recent meeting in July, the FOMC raised the target range for the federal funds rate to 2.25 to 2.5 percent, which is in the Summary of Economic Projection’s (SEP) range of estimates of where the federal funds rate is projected to settle in the longer run. In current circumstances, with inflation running far above 2 percent and the labor market extremely tight, estimates of longer-run neutral are not a place to stop or pause.
July’s increase in the target range was the second 75 basis point increase in as many meetings, and I said then that another unusually large increase could be appropriate at our next meeting. We are now about halfway through the intermeeting period. Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook. At some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.
Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy. Committee participants’ most recent individual projections from the June SEP showed the median federal funds rate running slightly below 4 percent through the end of 2023. Participants will update their projections at the September meeting.
Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from the low and stable inflation of the past quarter-century. In particular, we are drawing on three important lessons.
The first lesson is that central banks can and should take responsibility for delivering low and stable inflation. It may seem strange now that central bankers and others once needed convincing on these two fronts, but as former Chairman Ben Bernanke has shown, both propositions were widely questioned during the Great Inflation period.1 Today, we regard these questions as settled. Our responsibility to deliver price stability is unconditional. It is true that the current high inflation is a global phenomenon, and that many economies around the world face inflation as high or higher than seen here in the United States.
It is also true, in my view, that the current high inflation in the United States is the product of strong demand and constrained supply, and that the Fed’s tools work principally on aggregate demand. None of this diminishes the Federal Reserve’s responsibility to carry out our assigned task of achieving price stability. There is clearly a job to do in moderating demand to better align with supply. We are committed to doing that job.
The second lesson is that the public’s expectations about future inflation can play an important role in setting the path of inflation over time. Today, by many measures, longer-term inflation expectations appear to remain well anchored. That is broadly true of surveys of households, businesses, and forecasters, and of market-based measures as well. But that is not grounds for complacency, with inflation having run well above our goal for some time.
If the public expects that inflation will remain low and stable over time, then, absent major shocks, it likely will. Unfortunately, the same is true of expectations of high and volatile inflation. During the 1970s, as inflation climbed, the anticipation of high inflation became entrenched in the economic decisionmaking of households and businesses. The more inflation rose, the more people came to expect it to remain high, and they built that belief into wage and pricing decisions. As former Chairman Paul Volcker put it at the height of the Great Inflation in 1979, “Inflation feeds in part on itself, so part of the job of returning to a more stable and more productive economy must be to break the grip of inflationary expectations.”2
One useful insight into how actual inflation may affect expectations about its future path is based in the concept of “rational inattention.”3 When inflation is persistently high, households and businesses must pay close attention and incorporate inflation into their economic decisions. When inflation is low and stable, they are freer to focus their attention elsewhere. Former Chairman Alan Greenspan put it this way: “For all practical purposes, price stability means that expected changes in the average price level are small enough and gradual enough that they do not materially enter business and household financial decisions.”4
Of course, inflation has just about everyone’s attention right now, which highlights a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched.
That brings me to the third lesson, which is that we must keep at it until the job is done. History shows that the employment costs of bringing down inflation are likely to increase with delay, as high inflation becomes more entrenched in wage and price setting. The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation and start the process of getting inflation down to the low and stable levels that were the norm until the spring of last year. Our aim is to avoid that outcome by acting with resolve now.
These lessons are guiding us as we use our tools to bring inflation down. We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done.” [Transcript End]
The Climate Green Energy mess is a scam/hoax/con.
Each wind turbine requires 900 tons of steel, 2,500 tons of concrete and 45 tons of non-recyclable plastic to build. They have a lifetime of only 25 years, and need up to 700 gallons of oil for the gears and hydraulic systems which must be replaced every year.
https://townhall.com/columnists/jonathanemord/2022/03/17/bidens-green-road-to-ruin-n2604636
“Fossil fuels and coal have been a miracle to our planet. What a blessing to have this wonderful source of energy that’s saved and prolonged millions of lives – and is responsible for nearly every great advancement of modern mankind. Thank God for gas, oil, and coal.”
Petroleum Jelly is also a wonderful gift of healing. If we listed all the products and advances since oil was first struck and employed – they would fill many books!!!!
REMEMBER this also – CARBON is also necessary – along with CARBON DIOXIDE – it’s what feeds our plants and helps plants to produce necessary OXYGEN!!!!!!!
Time to tell the so-called greenies to stuff it.
The technology doesn’t work and the critical minerals are not available.
All is well, though, as our government strives to make our lives cold, dark, poor and hungry.
And I just read that power from our nuclear plants may very well be diminished:
https://www.rt.com/news/561622-russian-uranium-us-imports/
Time to tell the so-called greenies to stuff it.
Green Is the New Red: The Metamorphosis of Communism
August 12, 2019
https://www.tfp.org/green-is-the-new-red-the-metamorphosis-of-communism/
Let’s just call it what it is…climate fascism.
Today Powell told US citizens we will have “some pain”, Macron of France returned from his holiday on a luxury yacht and told French citizens that this is the end of abundance, and the leader of Belgium told citizens basically the same thing.
Here is a spot-on report from Alex C. of The Duran.
He reports from Athens, Greece, and what he relates about what is being told to-what is happening to EU citizens is basically the same as for US citizens.
You will be glad that you listened:
https://theduran.com/zuck-throws-fbi-under-bus-macron-end-of-abundance-the-hague-we-need-russian-gas-update-2/
Macron has assembled what I’m calling a Green Police Force to enforce his WEF climate fascism. Germany the same.
In Canada, the Ministry of Climate Change (yes, there is such a thing) is building a new facility that will be home to a firearms armoury, interrogation rooms, biological labs (for what exactly one wonders), media relations offices, “controlled quiet rooms” (??!?) And intelligence facilities. And it will be built in Winnipeg which is squarely in their agricultural heartlands.
Why is that do you think?
I can’t help but think those 87,000 armed IRS agents might just not be attending to accounting matters.
This is all getting more and more sinister day by day. These monsters seem to be coordinating their Hitlerian takeovers, intent on eradicating their populations at the behest of Schwab and his luciferian acolytes.
Their people have shown up on Saskatchewan farms taking nitrogen samples. Farmers have confronted them and told them to get off their property.
Already… there will be much more of this. The only conclusion I see is their plan for mass starvation. If I were one of the ruling class, I believe I would not be sleeping very well. Unless they actually think Canadians will sit still while their families starve.
And for what? A comfy lifestyle, and the illusion of power, till they die and go to hell.
Great article! Thanks.
1,1000 scientists have signed a document attesting that the hysterical cultish climate change is not happening. One of those scientists is a Nobel Laureate. Of course that document and the voices of those who signed it will be ignored.
Yes, the World Climate Declaration. I sent it to all my Democrat green energy family members. Here’s the link to the pdf:
https://clintel.org/wp-content/uploads/2022/06/WCD-version-06272215121.pdf
Excellent, Belle. Thank you for the link. And brava to you for trying to get through to them. They’ll understand eventually. The ones who actually worship this unholy cult will be the hardest hit.
And silenced.
For anyone interested check out Glasgow Scotland…folks burning their electric bills in the streets.
Amazing scenes…average electric bill may go from 1900.00 pounds a year to 3500.00 yikes.
War on the way…China seems to be prepping…
Good!!!!! It’s bad, Dekester. I’m keeping up through the Daily Mail. Businesses shutting down left and right. The documented power costs are unsustainable. I don’t believe it will have to get bitterly cold before this whole thing erupts.
Hoped I’d see you…look above your comment for the description of the new “climate” facilities being built in Winnipeg.
Hi Betsy,
These are unnerving times.
Trudeau is 100% fascist and his “cabinet “ much worse.
You are likely correct, things will erupt shortly.
The burnings in Glasgow are quite the spectacle.
God can..I can’t let him.
As always Cheers!
Thank you, my friend. Yes. The rises are sudden and freakishly high. Johnson who has still not departed the stage (September) said that yes, he knows people are suffering and worried…but it’s so worth it because Ukraine. I believe he’s out over his skis now. Truss has said she’d restart fracking. I don’t believe her, or anything Sunak says either. Neither seem too bothered by all this, by the way.
I think people are beginning to realize the UK government doesn’t give a fig about them. The monster crippling bills, the unstopped and unstoppable thousands of illegals arriving ever day, being housed in hotels, with attempts to relocate them to some of Britain’s prettiest areas and villages….on and on. Something tells me the abiding faith in the blasphemous climate cult most Britons seem to have is going to dissipate in a hurry as soon as those hideously high bills starting dropping. I am honestly looking for some major revolts with a few months.
Unnerving is the mot juste. Take care, Dekester. Be well.
The price of 1000 cu. meters of gas in Europe has gone up to over $3300 today.
That’s why the US is sending so much natural gas to Europe – to make the profit. Which then reduces the amount here in the US. Since 67% of US electricity comes from natural gas, you can expect shortages and drastic price increases this winter for electricity and natural gas.
Yes…and it’s terrifying. We are older and really feel that cold. Sweaters, long johns and blankets in our future.
Europe I feel will implode this winter, and it won’t be pretty. I feel the ghosts of the Ceaucescus looming.
👍👍
I saw one, a glass blower down south somewhere…from £1,900 overnight to £10,0000.
No point in paying for services you don’t receive….
Oh, what Stalin could have done with the Climate Change Hoax!
What our overload don’t understand is what is coming down the pipe. Soon the non violent resistance will morph into real violence.
Cold anger to BRASS and commit to removing 30 tyrants “just doing their job”.
I think we need some volunteers for permanent firing squads……they will be kept busy clearing out economists and bureaucrats around the nation but primarily in DC that have a decided inability to fully use their brain
Guillotines?
I’m available!
It’s not bureaucrats, it’s the money behind them, which controls them, that need a front row seat in front of the firing squad.
Remember where “Let them eat cake” got the Leaders…
Powell printed $9 trillion to make the elite rich, now he says we need to cut back.
FED has printed far more than that…..remember QE I & II……the Mega Banks of Europe and China took over $8T in US wealth home after the 2007-9 manufactured “Housing Crisis”
That’s just not accurate. Once the congress passes a bill to spend a quadrillion dollars for relief from a bad cold, it puts the Fed in the position of NECESSARILY having to monetize that debt. Powell printed nothing and only did what the government insisted upon. By raising rates, he will put the congress in a much tougher position because the new cost of monetizing debt spending will skyrocket.
Don’t forget, he was Trump’s guy. They knew what they were doing back then, and they still know what they’re doing now. What he’s saying here is that this is going to be a crash landing but that he’s committed to managing it as well as he/they can. That’s way different than what the Biden/Obama junta has in mind. What he’s not saying is how much of what we’re dealing with has been deliberate and part of the BBB plan, but to say that part out loud would be suicidal.
Meanwhile, we have a behemoth who seems to be working to put the WEF in a box, somewhere offshore, so we can pay the piper, which everyone knows must happen sooner or later, and begin to rebuild.
The Rich have never been richer in term of luxuries ever in the history of this modern world. Most of them are also Biden/Obama/ HRC bootlickers as well. Seems kind of odd? Something doesn’t add up to me? How can so many Democrat Loyalist be so rich in a time where others are suffering so badly under this corrupt Regime?
The village idiot Old Joe, his handlers that told him to not go off script and his FED Chair are out to deliberately ruin our economy.
THEY are downsizing US.
The only answer is to flip the script.
Thanks Sundance, without you I’d have never prepared for this communist crushing of America. Even prepared as we are, there’s going to be hundreds of millions who aren’t at all ready for what’s coming. My neighbors have all been stocking up getting prepared to defend each other and our limited food production
At first from what I read here, I was thinking a year. Now, I’m thinking it may be 3-5 years.
Nostalgia ain’t what it used to be…
One big long lie
Who told Trump to appoint Powell?
Gee I wonder QUI???!!
Picture is worth a thousand words.
2020’s shutdown brought us the lowest output in modern history.
Comparing that period of time’s climate data to today’s climate data would prove or disprove the Church of the Climate Activists’ claims.
It doesn’t.
The “cure” to Climate Change does not exist. The real science says so. Common sense says so.
The climate changes every day. It’s called the weather and seasons.
Trying to curb spending after Biden has flooded the market with more free cash with the climate change bill along with the give free college money away exec order means the fed chair has to punish the rest of us to control our spending.
Arent fuel prices, the Target financials enough to know that trickle down pain is the plan of the Biden administration?
There are lots of examples of trickle down pain to our economy which Biden seems to love his record on. While our country is in crisis, he seems to brag about his record while the country is in free fall under his rule
Will we ever wake up as a country? Or is are fate tied to a media complex designed to insure the least common denominator voters will wake up one day to a North Korea Dictator in charge because we all basked in comfort and let our Republic slip out of our fingers without a single shot fired back.
My concern is the global market. While all the sleeping dogs lie, the enemy takes us over with money and comfort and one day we will have neither.
Who controls the Federal Reserve???
We’re not allowed to say. Can we even call them judeo-bolsheviks here? Is that allowed??
it is a private consortium of oversized banks unconstitutionally authorized by the (1913) Federal Reserve Banking Act to set federal monetary policy….that power is designated to CONGRESS in the US Constitution
That’s exactly what/who they are and it’s been going on throughout modern history. If I get kicked out of 109 bars, at some point, blaming the bar owners, fails to hold water. The fact that you asked whether that was allowed, answers the question
I had a friend on my social media account that married into one of the original founding families. She lived a life that many would dream of….. Mansions in almost every country, nonstop jetset and vacations, etc. No worries in the world… and yes she was a Friend of all prominent Democrats, most notably HRC and Obama. The cabal is definitely still running the scams and apparently controlling our Govt’ as well. (The Biden Regime)
There will come a day where they’ll be pleading for their lives. Hope I live to see it
Never has such a scam been pulled on the world with the establishment of IMF-World Bank-Central Bank fiat, and fractional reserve lending system.
Usury and monetary manipulation should never make people wealthy, but does for the top 1% of the worlds richest people.
Starving us into submission.
Why would anyone want to go through the hardship of having less and not the joy of having more?
“Sometimes you eat the bugs, sometimes the bugs eat you”..
It’s going to be real Green when there’s no power.
That’s what’s really coming.
These people are sociopaths and hate all Americans.
It’s going to be real
GreenBlood Red when there’s no power.There…fixed it for you.
Would lithium help?
Why are they doing this? Do they just want to starve millions of Africans to death? Do they get aroused by watching the rest of us live crap lives of no expectations and despair?
Why do we tolerate any of this?
IDK why we do, collectively, tolerate it. An equally large problem is what ordinary Germans faced in the 30’s when the Nazi’s ordered citizens to snitch on dissidents and/or opponents to the regime.
I see the beginnings of that here; people are fearful to support opposition lest they become targeted themselves. See the J6 event for obvious examples.
Quite the pickle. However, the economic devastation just might be what tips things over. Absent that, too much comfort to go adverse action or support it IMO.
Patriots are prepared.
To answer your first three questions: Yes. To answer your last question: Because Americans are by nature not crazed revolutionaries and mostly still don’t realize what is happening. It will be interesting to watch as more people become aware of the massive frauds perpetrated on them. Interesting and maybe scary… I think the powers of darkness think this is the moment to seize it all.
starving us to death and reducing the population by doing so is the liberal agenda. They dont even hide it. Less people for them means more health to the earth.
I dont see them volunteering to be compost for their cause though. They want us to be compost so they can sit on their high horses or Flying jets and using all the fuels to supply their massive carbon based mansions.
I remember when hippies just joined causes and took themselves out drinking the coolade. They used to have integrity and how I long for the integrity of the original hippy. We need more of them and less of the fake AOC hippy posers.
Africa is where China plans on putting billions of it’s citizens as they strip the continent.
Because they’re trying to break Davos. The offshore dollar market is how Klaus and George get their money. Meanwhile, the EU has no assets and has only been supported, until now, by globalists in the US government, deep state, and the US central banks. Powell is not acting like a globalist but like someone who is committed to getting the control of the US economy away from the WEF et. al. If he succeeds, the ECB should collapse and the offshore dollar markets dry up.
Look at it like Stalin helping the US in WWII.
is that you Tom Luongo?
No, but I think he’s right. Don’t you?
They have always wanted to relegate us to being lowly serfs, serving them and begging for crumbs. Their day is coming.
WE THE PEOPLE don’t WANT to transition. FJB.
Apparently the “81 million” who voted for Biden do want the trans.
Remember it was 81 million ballots counted by Dominion Voting Machines, along with quick print shops running prefilled ballots.
Have a hard time, getting my head around believing 81 million citizens being brain dead.
Even if Dominion and fake printed ballots accounted for some of the cheat, we still have to remember that 50 million to 60 million people STILL VOTED FOR BIDEN. I truly hope that they and the people who did not get out of their recliners and go vote for Trump (mean tweets) suffer immeasurably. I know that I will suffer through this storm but I hope that they suffer 10 times more.
Why does this remind me of the narrative by the Stalinist New World Order explaining the need for cooperation from all for the new Five Year Plan?
A plan for suffering, a plan for pain and hunger too . . . not to mention anxiety, worry and outright despair, too . . .
but don’t worry, it’s all going to be worth it!
05.02.21 Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.
05.28.21 Both Treasury Secretary Janet Yellen and Federal Reserve Chair, Jerome Powell have said they expected the U.S. is entering a period of high inflation but that this will be “transitory.”
06.07.21 During the G7 Summit Janet Yellen says: “Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists.
06.17.21 The Federal Reserve met on Tuesday and Wednesday this week and Fed Chairman Jerome Powell states that the Fed is not raising interest rates for now…and of course, the inflation is “transitory”
07.14.21 – In testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell faced many questions, particularly from Republicans, about whether the Fed was being cavalier in ignoring higher than expected inflation.
“If we see that inflation is moving up or on a path to be well above our goals or the risk of sending on us on a path of high inflation, then we will use our tools to guide it back down. So in the end it will be transitory,” Powell said. “People need to have faith in the central bank that we will do that.”
11.30.21 – Fed Reserve Chair, Jerome Powell: “So I think the word ‘transitory’ has different meanings to different people. To many it carries a sense of ‘short-lived.’ We tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation,” Powell said. “I think it’s probably a good time to retire and try to explain more clearly what we mean.”
Today: If the public expects that inflation will remain low and stable over time, then, absent major shocks, it likely will.
Appears to me their gas lighting didn’t work….
Transitory, per Jerome Powell:
“We tend to use it to mean that it won’t leave a permanent mark in the form of higher inflation,” Powell said. “I think it’s probably a good time to retire and try to explain more clearly what we mean.”
Why don’t you, Mr. Powell. (retire)
Irony is the Fed Chairman telling us that the economy is gonna cause pain for everyone….. while standing in a multimillion dollar vacation resort in Jackson Hole, Wyoming, knowing that he will never feel an ounce of the pain.
Exactly what I was thinking.
Exactly!
I wonder they were originally planning a special party for Liz after her win of the primary.
They will feel the pain if we bring it
When it all gets bad enough, we know who to confront and what to do.
That’s when all the money you spent on ammo and training will begin to pay dividends.
It’s not that easy. So, let’s say if I choose to use electricity, water, animal feed, and food for people, in the way I need and want to run my farm and care for my family, and those costs become higher than my income, who do I shoot?
Your neighbors that voted for Biden.
When we get to that point, and I think we will, if each of us took out 2 or 3 liberals it would free up a lot of food and gasoline.
That’s nuts. A lot of those “liberals” are related to me. And while I think they aren’t very smart and made a poor choice, this isn’t the Hatfield-McCoy feud. It is kind of funny though, when I moved here, some distant neighbor pulled over in a truck to ask if I was the new owner and point blank asked me, “You ain’t one of those Liberals are ya’?” Hilarious.
Nah. I think we need to Refuse to Comply and be a lot smarter than them along with embracing a “parallel economy”.
I’ve got news for the Climate Cultists, Klaus Schwab-WEF, Larry Fink-Blackrock, Gyorgy Schwartz, and the other assholios that have been destroying the USA and world economies. When President Trump and MAGA Republicans are back there is going to be a holy crusade against all of this, and the Green New Deal and the “Transition” is going to be completely undone.
Ahhhh Jackson Hole. The communist center of Wyoming. At least the elk are respectable
Even the wolf population is more respectable.
Don’t worry comrades, only 70 more years of pain …
That entire diatribe convinces me that the fed’s original mission (or at least the mission they “sold” to the American public) has been severely distorted and is now undermining the very reason the fed was created. Although we can assume that the fed was political in the past, now they are political with an agenda.
which “department” of our government wins in this battle for control?
certainly we do not.
Central Banks
20 million HOUSEHOLDS cannot pay their utility bills. Let that sink in. So are the utility companies going to shut down their utilities? Something else is also very scary on the horizon. People who cannot afford to pay their mortgages or their rent. Out in Arizona the police were issuing an eviction notice on a renter and the result were a police officer shot dead and the renter and 2 other people. This scenario will become normal as people who have lost everything will now realize they have nothing else to lose. And winter hasn’t kicked in yet.
somehow the dems will pay the utility bills of those on welfare
Or do they do that already?
What he is talking about creating is essentially a Soviet style economy in which supply is supposed to dictate demand. I think we all know what that means. Those of us who don’t have never been exposed to a knowledge of the history that I lived.
They are in the process of crushing the Supply Side of the economy. Now they have to create “balance” so that we have “stability” which means reduce the Demand Side. Even though a lot of us have already reduced our spending to inexpensive food, no new clothes and vacations, there is a large swath of the public who are still ignorant. So, they WILL be punched really hard in the next 6 months. They are still dancing in the ballrooms of the Titanic.
This decline has felt like slow torture. We are going to get to the really, really bad stuff. I would rather this happen now than continue this slow motion train wreck. Let’s get this nightmare started. Then we have a chance to fight back with most of the nation agreeing with us. Until most of us are reduced to rubble, Team Satan can continue to cast its spell over the population.
Sheep never change their direction unless the dog dies.
Or the dog has a nervous breakdown and goes absolutely berserk, pushing the sheep over the cliff to the beach way below.
Go straight to hell, Joe Biden. This is not going to cause a little pain. This is gonna cause mass misery and even death, in many cases. Again, Joe Biden and his entire cabinet need to just die and go to hell. They hate us.
I foresee a miserable failure of this GO-GREEN SCAM, just as I predicted a miserable failure of the chi-com flu scam (and I was ridiculed and labeled an old, crazy, conspiracy theorist).
Even the blind and deaf Normies are going to wake-up and see a life they hate. When the Normies hate; results are NOT pretty at all.
Ronald Reagan said: “Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
Keep this quote handy, because history is about to repeat itself, with one caveat: It will be President Donald J. Trump who will be pointing this out, here, there and everywhere, while he continues to expose the criminals in control, naming all of their crimes.
Stick your green candy bar up your rear end.
While we move to use less, the rest of the world is increasing usage…
Stop with the Bullshilt
Wait until the dumb masses find out they have to give up prosperity. Yes, there will be pain.
Unfortunately, we have millions of brain dead morons walking the streets of America who will continue to vote for the people who are doing this to us. At this point, if they don’t get it, they never will until it’s too damn late to change it.
Restoring price stability: Doesn’t that essentially mean something like $10/gal. gas is the new normal because it will be $10/gal. for many months/years?
they have been worshipping at the altar of europe for decades
I could never understand it
Now I do
Are they trying to make us like Europe? 👀🤯
This is all I think when I read these pieces:
… economc contraction causes misery and death… punkt.
Wow. It was like reading a gender studies major’s thesis… so much gobbledeegook, so little time. The lessons learned that he cites are completely disconnected from our realities. High taxation, high interest rates, outsourcing manufacturing, government regulations, smothering and suffocating people, their freedom, and the economy, not to mention the Big Lie of the Green New Deal is what’s causing inflation. He blames it on everything but the true sources!!
and oh yeah… he brought up the Central Banks!! Que the Central Banks, digital currency, and complete control over our lives.. oh please Lord strike these people down!! I beg you.
“Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. [LAYOFFS INBOUND!] While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”
The cow pats in my pastures have more honesty than that guy. What a gutless globalist wonder he is. Never forget that this is all intentional based on an ideology. The “far greater pain” is that people are going to die from lack of necessities in far greater numbers than we’ve ever seen.
obviously it is us or them
I don’t like their odds as they are highly outnumbered.
WITH would I WANT the economy to get smaller?
EVIL DEMONRATS!
These glorious 5-year plans get old after a few decades.
“Some Pain ahead”. Yes indeed.
The 2022 mid term elections and the 2024 Presidential elections are going to create “some pain” for “some people”.
Exactly what do Ex-Dem staffers, DOJ/FIB former employees, and politicians “do” when they are unemployed?
The laid off Dems FB etc will quickly create a cause, file a Delaware non profit charitable corporation hire a commission fund raiser and not miss a paycheck. I’m sure many already have filed the non profit and hired the fundraiser.
Look how the well the Clinton Foundation did for them. From a measly million a year combined government pensions to gazillions in tax exempt charitable donations.
“The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers.”
You can’t go from having plenty of workers one day to having every single city in America severely short handed.
Why is no one exploring what happened to the workers? We’re they just raptured to another planet?
Supposedly millions are crossing the border. Where are they working?
You can’t go from having plenty of workers one day to having every single city in America severely short handed.
It doesn’t make sense.
I think a lot of people are either crippled or dying from the jab. I know almost 10 people who no longer can work after the jab and 3 relatives (who were healthy) that outright died in their 30’s after taking the poison jabs. One died this last week brain clot… and left behind two young children.
God gave us oil to use for our comfort, livelihood and prosperity. God did not give us birds to kill with windmills.
At least I get to grovel in the wasteland of the Green New Depression with the rest of you Treehousers. Misery demands company.
Interestingly the bogus green energy program, which is as illegitimate as the fraudulent administration, needs the fossil fuel industry for its very existence.
Cloward-Piven. Brought to you by Obummer. It really is that simple.
The late Stephen Covey–“7 Habits of Highly Effective People” –talked about the difference between successful people who had the abundance mentality, and failures who held the scarcity mentality. Successful people make bigger pies, unsuccessful people keep cutting smaller pieces out of the same pie. There are almost no highly successful people in political power globally, and they want to run the world? My kids growing up watched “Pinky and the Brain.” It was a cartoon about plotting to rule the world. Apparently some took it seriously.
It is true that the brain power of those in government is very limited, so the more they control, the less brain power each task will get. That is the scarcity model.
The abundance model says larger population means more brains at work if and only if they are free.
Can someone explain why global corporations that make autos and trucks are on board with this, since the GND means vastly reduced futur vehicle sales?
ESG guidelines coupled with the mandated switch to battery-powered cars and trucks will cut the sales volume of GM, Ford et al by at least 50%.
As sales drop, so will net profits, especially once all the new capital investment EV production requires begins to be amortized.
This does not add up in my leetle capitalist brain.
Remember, you will be mandated to buy electric when they ban the sale of ICE vehicles.
Here is how the car companies make more money with EVs
After 8 years and your battery goes dead, your car is essentially worthless and you will have to buy a new one:
The Volt in question, based on its VIN, is a 2012 that is beyond the 8-year warranty period. Lightly driven at 70K miles in 10 years.
It appears the government is subsidizing the car companies ~
“General Motors, whose Fairfax plant is in Kansas City, Kansas, says it will only make electric vehicles by 2035. Bill Ford, executive chairman of Ford Motor Company, whose Claycomo plant employs 7,000 workers, says the firm will be “all electric” within a generation.
The recently-signed Inflation Reduction Act promises to spend $369 billion on climate programs over the next 10 years, including efforts to boost the EV market. It contains tax and manufacturing credits designed to make the cars and trucks more affordable.”
https://www.tonyskansascity.com/2022/08/kansas-city-star-advocates-taxpayer.html
The government may end up nationalizing the automakers when their finances run dry. One of the sometimes-stated goals of the green klan is to reduce the total number of cars on the road by reducing the number of “eligible” drivers.
Said another way, the government can subsidize all it wants with one hand, while the market is dried up by the other … and that makes no sense for shareholders, unless nationalization of major industries is an unstated goal.
Only be able to afford essentials and no vacations or recreational activities? Dang, that’s my life now. I wonder what’s in *my* future 😯.
This is pain…….
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.-
These a$$ho!es need to be taken to the back shed and given the whipping of their sorry lifetimes… and then sent back to the back of the classroom.
The pain was real at Aldo today. I needed just a few things and paid 10% more that I would have 3 months ago. I save receipts so I know.
The number of people online, mostly in comments on articles and blogs, saying they are waiting for prices to come down before they buy anything makes me question the sanity, intelligence and news sources of those people.
I’m still seeing 20% Recent increases on items I buy for this time of year. This crap is getting way out of hand and Joe Stalin is just getting started.
Don’t wait. Your money is going down in value every minute. Next month, you may see some sales on appliances as fewer and fewer people are buying. But, it could be that manufacturers will be producing less and less and stores won’t hold on to inventory.
When does this madness stop?
When do patriots stand up and say “Enough!”
The crooks in DC sure aren’t going to do it.
IlDonaldoTrumpo gab
Ha… notice the 2 nd name.
Look at 3, 4, 5 and 7… yikes on a bike!
…. 6 is a big joke as well.
All but #1 is a joke. Anyone below #1 will never be president.
There aren’t 2% of Republican voters that know who Hogan is
Good. He’s the governor of my state. Adios Hogan.
I do. He led the Heroes.
Me, for one! LOL No idea.
Only one I can think of is Hulk Hogan lmao!
Crocodile Dundee of course. Paul Hogan.
He isn’t American, but neither is Cruz (Where did Ted go?).
thats the primary,wheres trump verus gavin newsom
Good GOD! How do Romney and Cheney even crack the list?
My thoughts as well. Mittens and lozer Liz are beyond history.
P-R-C = 13%; Losers and traitors
Staring right at us, min 13% Rinos, not including probably a large portion of the DeSantis supporters tbh.
So, probably 20%+ Rinos
Right now?! But how?
Do a “Levin Surge”…email, phone calls and faxes, lots of faxes…they need to be uncomfortable incumbents!
I went to live my best life today, and 13 hrs later…I find the stock market tanked 1008 points…the fed is going to ADD to our pain, and the MAR Al LAGO situation is getting smellier…
The fed chair made it sound like in the future…He knows we are there now. I feel for those who have to use credit cards for essentials like food.
Not only are these people out of touch…AND they are not out of touch, they know exactly what they are doing.
Nobody is listening. especially the Republicans.
“When do patriots stand up and say “Enough!”
Not while they’re seated at their kitchen tables sifting Hobson Choice polls.
Denial is a heavily fortified river that runs through Maryland and Virginia.
When there are FINALLY enough people to figure out voting will NOT change a damn thing.. We either get organized and fight this thing or roll over.
pick one.