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]
What does this mean for the price of gold and silver?
It hasn’t done much the last few month’s.
Ask William Devane, he seems to have all the answers about gold and silver 🙂
That market is manipulated just like everything else
If a single digital Global Currency comes to pass…Gold & Silver as the declared arbitrary foundation for existing national species based currencies will revert to their industrial values…as both are key materials needed by the semi-conductor and electronics industrial sectors.
Gold’s primary use is for converting your wealth whuch you wish to preserve into a form which is relatively easy to store, transport, etc and enable you to carry that wealth THRU the “hard times” AND TO THE OTHER SIDE.
It is if no use, DURING the hard times. You do not want to be buying a can of beans with a Krugerand or Ingot, and might not find anyone to trade. You can’t eat gold.
Ammunition, on the other hand has intrinsic value, for self defence and to obtain food, and that value only goes up in hard times.
Beyond that, it is ideal as a CURRENCY during such times.
Impractical to counterfeit.
Stores indefinetly.
A LOT already in circulation
Comes in divisible denominations.
In short, sure you want to put your long term wealth, that you hope to pass on to your progeny in gold, fine.
But as you have stocked up on food till you got no more room, order some AMMO. for when your stockpiles run out.
Besides,..”He who has the lead, will GET the gold!”
Lesson from Vietnam:
Every village of size had a “dentist”, advertising by illustrating gold fillings in the teeth.
Most Vietnamese had one or more gold fillings.
Most women had a variety of bracelets, anklets, neck chains, ear-rings, etc and they wore them discreetly.
They bought, sold and traded using MPC, labor or gold.
We’ll be doing the same.
More ammo. Yes.
Bad idea to barter with it. Might bring unwanted attention from desperate men.
More food until you’re bursting at the seams.
Hidey holes for “multipurpose” tools.
And it may become essential to removing those who desire to put an end to our Constitutional rights and freedoms.
We have gold and silver to start over again. If it comes to that. We plan to band with other families and start our own banks backed by actual silver and gold. Physical gold and silver are the premium life insurance policy, it is wise to own.
Uh no.
if you have gold….. hide it well.
History indeed repeats.
In hyperinflation, barter is everything.
Thanks Dude, your comments today tanked the stock market over 1000 points, along with thousands of IRA & 401K accounts.
That’s the intent
It’s either that or let Biden continue with fiat (fake) money. Really it’s still fiat money until they approach the Inflation Rate.
Nancy Pelosi was lucky to dump her Dow stocks te as yesterday
The investor class losses some wealth, or the bottom 50% will be completely destroyed. I chose the former. 1/6 of all households cannot pay their utilities and are worried about being cut off. A huge percentage of businesses cannot pay their rent. 10 plus million homeowners cannot pay their mortgage payments and expect to lose their homes. Businesses are planning massive layoffs in the next 6 to 12 months. The country is being destroyed and half the population will be experiencing extreme poverty and possibly homelessness and starvation. Screw your IRA and 401K accounts. You are selfish.
Some of those “investor class” are people like me who worked 60 hours/week and saved and drove old cars, never used their house as an ATM, flipped condos, and through thrift, wisdom, and some good luck, could retire in some modest comfort. Most of us give to charity, contribute to food banks, etc.
If I had a nickel for every person I know that spent money on tatts, grills, Kors handbags, etc, and never put money aside, I’d be rich.
Many of them voted for BiteMe, like my dumbass neighbor, because “orange man bad”, and is screaming about a 25% increase in her AC bill, clueless as ever, not even connecting her stupid vote with her current misery.
For her and her ilk, I have no sympathy, nor guilt because I chose what I did.
I suspect it will get worse without any comments.
If you still hold positions in your ira/401k then consider that you still have access to buyers.
When the buyers are gone because the whole house of cards are crashing and becoming worthless it will be too late to save any of your retirement.
Selling now and leaving the cash in the account opens opportunities for quality investments at a great value when its time to rebuild.
Enormous lithium waste dump plan shows how shamefully backward we are
Greenbushes lithium mine will result in 600,000 tonnes per year of waste material being dumped
600,000 tonnes….
https://www.smh.com.au/national/enormous-lithium-waste-dump-plan-shows-how-shamefully-backward-we-are-20190621-p52054.html
the lithium triangle….
Lithium extraction fields in South America have been captured by an aerial photographer in stunning high definition.
German aerial photographer Tom Hegen specialises in documenting the traces we leave on the earth’s surface. His work provides an overview of places where we extract, refine and consume resources with his latest series exposing the “Lithium Triangle.”
https://www.euronews.com/green/2022/02/01/south-america-s-lithium-fields-reveal-the-dark-side-of-our-electric-future
Both the battery manufacturing process and the lithium leech fields are toxic
How ’bout that pitch black smoke when they burst into flames for a few days??
Oh, what a slimy crook! What a slimy, lying crook!
The inflation is caused by too many people demanding things and by people expecting inflation. So, the PEOPLE are responsible for what is happening. It’s not his fault; he’s just working hard to help. It will be painful……..not for him…….for the middle and working classes.
Correct. Lots of people working and getting good pay. Lots of buying and spending good pay on good things. Good pay, good jobs, good buying good things, good extra money for fun. Too much good is bad. “Transition” sounds better??????
Power and control are often conflated or confused as being the same.
THEY ARE NOT.
POWER is Authority and Responsibility in equal measure.
CONTROL is Authority WITHOUT any corresponding responsibility.
The swamp attracts, like flies to sewage, those who are addicted to CONTROL, not POWER. They LUST after the authority, without any corresponding responsibility.
And we see it in everything they say and do.
These people must be stopped.
The chart below shows that Germany was in trouble a year before Russia invaded the Ukraine because Germany mismanaged their electric grid and electric trades by pushing for unrealistic green goals. Too much green is like too much woke … you go broke
This explains Trudeau’s actions this week when he met the German leader
https://www.google.com/amp/s/ca.finance.yahoo.com/amphtml/news/trudeau-called-out-for-missing-crystal-clear-business-case-for-lng-exports-170144276.html
Natural gas in the EU and UK is:
EU +602% Y-O-Y
UK +413% Y-O-Y
Now look at electricity prices in the EU right now:
GERMANY +655% Y-O-Y
FRANCE +577% Y-O-Y
Here are some more electric prices:
UK +357% Y-O-Y
ITALY +377% Y-O-Y
Now look at this country’s electricity price:
SPAIN +32% Y-O-Y
Return of the Dark Ages over there… like, literally.
You fellas got enough fuel to run the Hospital Generators over there?
True clean energy means nuclear power plants, not solar or wind. I get how some fear the word ‘nuclear’ because of what the media has made of it and history of other careless governments not managing it properly. Denying nuclear energy as the solution to clean energy is like denying the world is round instead of flat. All these experts that claim SCIENCE! as their sword are the worst of the worst. Just go on any liberal blog and watch the uneducated claim SCIENCE when they cant even name their own representative in congress
A nuclear sub or aircraft carrier need not touch land other than the resupply of food. You would be amazed how long those massive boats/ships can go without hitting shore. They can make their own fresh water and energy as long as they wish as long as food stores are replenished from time to time
I’ve often tried to research why we retire some nuclear ships instead of sending them out offshore to produce fresh drinking water to places in africa that we often send food to.
And I am getting off my own topic here. Point is, instead of wind killing all our birds and solar and batteries filling up our landfills with toxic petroleum waste (yes, all solar and wind components are made from oil based products), why not build more nuclear plants that run clean and just make sure there’s plenty of oversight of those to ensure no meltdowns?
Want a cleaner green environment? Go Nuclear, not solar.
Exactly!
And for the final back up, have hand crank wheels to open and shut valves for when the internet or computer systems fail.
IIRC, Bill Gates, at least, is advocating for a Nuclear component.
IIRC that is what he offered to Manchin for the vote.
Also a promise of an unproven technology that might be built some time in the future in WV.
Wonder if the smaller bush is still pronouncing it nucular?
As an unabashed pro American, pro Trump foreigner, I am genuinely stunned that the USA is being led by the most callous, most incompetent, most obsessed, most destructive and most corrupt government officials in its entire history. Can anyone name one equity appointed Biden Cabinet member or the head of any Gov’t agency that has a rational and insightful grasp of the harm they are inflicting on the nation?
This unstoppable and reckless urge to transform America into whatever twisted and misguided image the Uni-party’s myopic desires envision (or to enrich or empower themselves) is continuing with little effective opposition. Even now, the GOPe is partnering with the Democrats. The recent primary and special elections were a mixed bag but there was some positive hope.
The once strongest and freest country in the world is slowly degenerating in real time as the world watches–especially the CCP who likely have a significant role in this present demise or what the pitiful array of home grown destroyers call the “Build Back Better transformation.” This will probably be the costliest and most destructive Con Job in U.S. history. I sincerely hope this great country will find a way to reverse the decline before it is too late. The demented transformers are trying to eliminate the one person that is best suited to enact this reversal.
Thank you, Arlan.
The Biden regime is run by the Obama gang – the criminal America haters he brought in back in 2008. Remember when they shut down the government, and closed the outdoor “national parks” that required no monitoring? Just to inflict as much pain and stress on Americans as they could?
They are evil and determined to destroy us.
I believe they have underestimated us.
And it’s not even “Obama’s Gang”, in particular, that is the primary Dark Force here… this is literally a Global Conspiracy in the works for decades.
Sundance says: “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.”
One thing that strikes me is the “elites” as they think of themselves, almost always under-rate those of us who are “not on their level”. They look down on us and think of us as inferior “hackable animals” that they can exert their will over and think we can do nothing about it!
I believe they have underestimated the human spirit and the will to live freely. It appears to me they think they’ve already won because they pull the levers of industry, finance and food.
We need to bring back Sundance’s “life on the outside” meme that he recently abandoned in favor of Trump 2024. I don’t know about y’all, but I have a little bit of land and a LOT of seeds. I’m vegetarian anyway, so won’t need to resort to bugs, but I’m stocking up on nuts, seeds, plants and all the things I need to make cheese and the things I enjoy eating. They can’t kill all the animals on the planet, so the meat eaters can always go back to hunting for their meat, or raising it.
Americans have ingenuity when faced with extreme opposition, and they go around it, find other means of survival, or invent useful tools to enhance their lives.
My grandfather was born in 1907 in a logging camp in the hills of Arkansas. I’ve been to “the old homeplace” which is on the side of a mountain, near a stream. There is no structure there, but his grandmother wrote to the Homestead office and told them of the improvements she and her sons had made to the land in order to qualify to keep it.
They had moved there from Alabama in about 1880, and my grandfather’s dad and uncles had built a home for her and themselves there; 16′ long with 2 windows and one door. No indoor cooking area and no running water (and of course no electricity), but they had blueberry bushes, cherries and many other fruit trees. She was widowed and had 3 sons and a daughter.
From that seed an entire hardy clan of mountain folk have sprung. Many of us college educated, and many are not. Some of us still live in the area, on the side of a mountain, and others live in towns and cities. We are hardy Irish/Scot stock. We came from survivors.
Don’t tell me we need these bastards and their controls to live. Never submit. God will find a way.
My Scotch-Irish Granny told me stories of the people that lived by the old ways still inside the Big Thicket (Texas). I have her original set of Foxfire books & her grit & her Lord. But can you believe the ups and now downs of life in the USA since 1900? The rate of change over such a short time is mind boggling.
Go to any public place, look around.
These are not the sort of hardy folk who built this nation.
The deindustrialization accelerated at around the time the identity class politics also started really metastasizing.
A nation can run on BS for only so long, dependent on an Asian industrial behemoth. Now the behemoth is finishing the task of turning the US into its vassal.
Everything is serving that end now.
Very sad to say that the survivors in urban areas will be the street gangs.
I live on a mountain in Arkansas. We’ll be fine. But my sons live in bigger cities. I worry for them, hoping they and their families can reach us when the time comes.
My youngest sister lives in southwest Arkansas on 800 acres. I call it my bugout destination.
My grandparents farmed and ranched using draft horses/mules out in CO. My grandmother (a schoolmarm) was one of 24 children. Before meeting and marrying my grandfather, she built her own small cabin by herself. Old photos still exist (which I treasure). Every one of their children (my mom was one) graduated college. They knew hard physical labor as do I. I run a farm by myself and have a college degree.
English/Irish/Scot/Dutch/Swede here.
And I won’t back down.
Biden will demand his BLM antifa street thugs to start this in America….
Not saying I would do this, but if these folks would just get an ass whoopin’ right from the start, this wouldn’t be happening.
I would…
A perverse and lawless generation.
sync: These are orchestrated demonstrations. It’s how communist governments prove the “grass roots support” for tyrannical policies that no one actually wants.
What was their point, other than being vandals?
independence of the fed is important concept in our laws. I think that a president’s firing of powell as chairman would have to be “for cause” and not just monetary policy disagreement. if powell were fired as chairman before term expires in 2026, I suppose policy probably would probably not change if remaining governors are there, and powell could remain on the board anyhow. and i think the new chairman would have to be confirmedd by senate, and I think anyhow FOMC elects its own chair. looks like we are stuck with Powerful Powell for a long time
The insane thing is nobody ever raises their hand in Davos meetings to say “Sir, sir, plunging 2 billion people into poverty and famine is not a good idea!”
Don’t politicians know how volatile hungry people become to govern? (just look at Sri Lanka for the latest WEF test tube experiment) I guess they will find out.
I saw That Texas guy Michael Mc Caul there in one of the not so many pictures they took of who from the US was there. Everytime i see him being interviewed on TV I think of WEF.
No Wall McCaul…
I think it was a James Bond movie where a group of people resembling the WEF were meeting onboard a plane.
When one of the people “raised their hand” and said ‘No’ to the evil being planned, they were told to leave the meeting and ended up on a one-way ticket to earth — from a flying plane without a parachute.
Always used to think James Bond movies were corny and far fetched.
Umm, not so much any more.
To me its incredible that any of these people buy what Schwab is selling.
“Let me get this straight; the World currently has population of 7 billion.
Your saying a sustainable population is 1/2 billion.
Your going to coordinate with us, implanted in various Governments, to kill off 6 1/2 BILLION people.
Then WE, the chosen I guess, will be the 1/2 billion, and everything will be provided for us by robots, and energy by solar and wind, …and it will be Utopia?
Oh, and we will eat,…bugs!??
Instead of saying “Where do I sign up?” they should be asking “Where are the cameras, cause I am obviously getting punked!”
Or, “let me make a call, cause we need men in white coats, to take you away to the rubber room!”
Klause Schwab has got to be the greatest (as in biggest) CON artist in the
history if mankind.
Gruesome’s electric vehicle mandate is part of the “Big Shrink”. People just can’t dispose of their gas vehicles and payments and take on a more expensive proposition.
Then again the totalitarians can treat auto loan debt like college loan debt. Look for Petey Buttgagger to come up with a figure that will get the transition done.
I say Jerome Powell and his band of elite freaks should get run outta town , forcefully and purposely. I’d call THAT the bedrock of this “democracy”. It might also be historic!
But this SOB will not experience any pain! They never do!
Notice Powell did not discuss the recent EO’s signed by Sock Puppet JoeBama that will enable transition to digital currency and eventually a single global currency, in parallel with the disaters.
And the farmers in the Netherlands are saying “we told ya”, This is a GLOBAL battle.
Mr. Powell. How can we blame thee? Let me count the ways…….
Every problem in the world EXISTS because it is LEGISLATED to exist!
This is going to end badly for those purveyors of a lowered standard of living.
…right about the time they realize who made, delivered and maintained all that cool stuff which comprises the ‘elite’ lifestyle. Oops.
and you think ‘President Trump’ will be re-elected???…Not a chance….The fix is in…
A friend of mine said about politicians……they are all corrupt and compromised. All of them except Trump. And Trump has made so many enemies that he will never be re-elected.
yeah, well its up to us to get him elected
Does anyone know if the prices in the pot dispensaries have gone up?? I’ll bet they haven’t.
C’mon……… I know there are some of you here.
If they haven’t gone up, maybe we just have to create a new version of Chicken Pot Pie. Just leave out the chicken.
I’ll bet mungrel would know but, alas, he’s gone back to his house in Malibu.
Actually the dispensaries have had to slash their outrageous prices around my area. Many medical patients are rolling the dice on black market weed that may or may not have been packaged by idiots who also package fentanyl risking cross contamination and possible death by poisoning just to try to treat their chronic conditions as Florida’s Medical Cannabis Cartel only benefits the State and investors like John Morgan.
I’m still in touch with several cancer patients here in WA. Yes, the prices of medical cannabis products have gone up by about the same amount as ordinary groceries on the retail store shelves.
In cannabis cooking the usual goal is to disguise the taste, not to feature it. Chickenless Pot Pie would probably taste awful. I once tasted a botany major/stoner’s hybrid plant for snacking that he named “potcorn”. Unpleasant, to say the least.
I know I’ll get hate for this, but Powell saying the hiking will continue does make me smile at the reaction of STONKS, which have acted like drunken sailors for the past few weeks, helping Brandon as much as possible. They’ve acted like a pivot was coming when it was clear it wasn’t. Powell hasn’t really said anything he hasn’t already said this year, either. What the Saudis do next won’t help the gaggle of idiots, either.
I’m just curious … if Biden’s puppeteers had been honest and said that a vote for Biden is a vote for The Green New Deal … would he have still gotten 81 million (sic) votes? I doubt it … and so did his dishonest handlers.
We better change this … and soon … or we will all be living like Dr. Zhivago … with 4 families occupying our upstairs. Comrades
I just keep getting more and more depressed.
Same here. Some days it’s hard to read all this
Don’t, really. God has got this covered, so just “let go and let God” (handle it).
The 4th Bear Market rally ended on the 17th of August. The Market reached the upper level of resistance but could not go beyond.
IMO, the Stock Market will eventually be trading below 30,000 as a continuance of its January 3rd Bear market commencement. I do see support at 30, 500, but I don’t see it holding. Below 30,000 I don’t see major support until 28,500.
Trump has to get back in the Oval Office for any chance this Nation is saved. October is going to be a do or die America.
With a little adjustment in the fall back positions and dates, I agree.
When I read the twisted “prop it up at all costs” logic in the WSJ and others, their concern about a major disaster coming is apparent.
I don’t have dates (when). All I have is “where”.
I misinterpreted the “October” as a bottom date as midterms are in Nov.
I should have made myself clearer and I can see how anyone could be conflicted…. sorry about that.
Jerome Powell;
You are inevitable going to feel “a little pain” as I trod on your privates with these cleat embedded shoes.
Regretable, but neccesary and “for the greater good”,….TRUST ME!
It has to get to the point enough Americans finally realize “I am screwed”. Trying to save them from drowning before grasping straws is futile.
The issue is that most do not know what to do except vote.
It is the leaders, good or bad, who direct the way for us
For decades we have been told that in order for change to
occur we need to vote. Then they steal our vote and the
republicans, courts, including the supreme court do nothing.
Little by little, we can move MAGA candidates into office
not that we now know the uniparty scheme. I do wonder if
we have enough time to get it done before it is too late.
However, we have to try and trust God to lead us.
Evil, illegal things keep happening; the crooks shove it
right in our faces because they know nothing will happen
to them – look at Hillary for instance. She knows she is safe
and has been since Arkansas. See her cackle at us!
We can do what we always do, but do we have the time
left to
Then there are the republicans who actually turn the
other way, like they don’t want to be involved.
It is a quandry
I know that many, and I applaud them, are working to
install conservative members on school boards – that
may be a stepping stone to further office in city/county/state
government.
However, I think I can speak for most that we think
we might not have the time to take the necessary steps
of progression.
I am certainly with you in regard to time. Afterall, timing is everything for a successful America comeback. Too soon runs the risk of not enough Americans personally feeling the gravity.
I think October will be the do or die month. Also, I think Trump as leader is the only one who has the experience, competence, leadership to pull it off. I don’t care how Trump combs his hair and neither will anyone else that matters.
In all these discussions from public figures on the need for “clean energy” but no mention of the 2nd law of thermodynamics or of Carnot efficiency. Ditto real economics.
Gee, I wonder why. Not like they are promising a grid powered by unicorn farts, and fairy dust. /s
Make no mistake, tearing down the old is the plan. Even a partial substitution is going to be prioritized for the compliant first.
“Pain is weakness leaving the body” or something.
Conspiracy Reality: Pain is money leaving your wallet.
The only things standing between us and the WEF is Russia and Powell.
Russia is establishing an alternative banking system and Powell is draining the WEF’s primary funding source, the Eurodollar. Between these two actions, Europe faces certain bankruptcy. Four Euorpean governments have already fallen (Britain, Italy, Estonia and Bulgaria) Germany is probably next and Macron is hanging on by his finger nails.
The New York Commercial Banks, who own the Fed, know that their business model ends the moment the European Central Bank establishes a Central Bank Digital Currency and it is WEF’s intent to ensure the the ECB is the only bank world wide.
First, let’s focus on killing the WEF; the NY Commercial banks and the Fed’s Powell is on our side here. By obeying the NY Commercial Banks and raising interest rates, the dollars in Europe will flood back into the US, leaving Europe high and dry.
We can deal with the Fed and NY Commercial banks <b>AFTER</b> they have taken out the WEF.
Thanks to Tom Luongo
Agreed. America (banks) First is driving this, and it is bad for the Davos/WEF crowd.
Mail carriers get a $1.18/hr cost of living raise beginning tomorrow.
“There will be some pain as we transition the US plebes to a third world economy.”
Then they’ll kill us.
restoring price stability means re-achieving the US oil and gas production that Trump had, as well as some of Russian gas to the EU. Otherwise, many in the West will die broke, starving and/or freezing.
Enough of the Great Soylent Green Reset.
Can anyone in government honestly answer why I have to suffer?
So you can live in a Fabian Utopia obviously.
Daniel Shays: Sure. Because they have private school tuitions and country club memberships to pay. And steak in DC is getting pricey.
Obama – “Never under estimate Joe’s ability to f*** things up.”
Biden isn’t F-ing anything up.
You think 1) Biden is actually cognizant enough to sign off on any of this, or that 2) Obama’s stealth third-term regime is not completely behind this willful destruction of America?
This is all part of the plan. It’s all a feature, not a bug, to the Fed, the hidden Obama regime and all of D.C.? They don’t represent us. They want to f-king destroy us.
Huh? This isn’t a f*** up. This is a Plan. This IS what THEY want.
It’s sheer madness.
these evil bastages need to be strung up. until enough realize this, things aren’t getting any better.
for a CENTURY now, the ‘fed’ has schemed, scammed and STOLEN from us what we’ve PRODUCED.
time for payback… with interest
They aren’t even hiding their overall strategy anymore. Breathtaking how many people amongst us don’t see it…
“YOU WILL TAKE THE PAIN AND YOU WILL LIKE IT!”
“The beatings will continue until morale improves”
I couldn’t even finish reading that. Unbelievable. We will be like Cuban peasants. FJB
For all his many faults, Macaroni, at least, played out the Hard Truth a couple days ago…
“The days of abundance are over.”
Indeed, they are, Macaroni… you Evil Globalist Bastard, you…
Here’s the dirty little secret: Rising prices are your fault.
That’s right, your fault!
It’s your fault because your spending too much. Your demanding to buy more stuff (too much demand) because you think prices will be higher tomorrow.
The fed Chairman Powell is going to jack up interest rates to reduce the money you have in your wallet so you can’t buy all that stuff.
And he’s going to keep on doing that until you stop hoarding all that stuff and until you change your expectations
Don’t believe me? Here are his words:
“a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations [that’s you!] of higher inflation will become entrenched.”
IOW, if you think inflation will continue, then you will cause inflation to keep going up. You are “entrenching” inflation.
You are the freeking problem!!
There are enough co-dependents in this country to flog themselves for this sin.
if gubmint was really serious about their green energy climate change crap..
they would have a “turn in your car” program and given each American a new electric one as a replacement..
and they would be building charging stations all across the nation..
but they aren’t.. are they..
instead.. they are sending billions and billions of dollars to a small country half way around the world..
that could have been used for Americans.. in order to transition to electric cars on a large sweeping scale..
but they aren’t.. are they..
In the bowels of the federal bureaucracy are the extreme leftists who are driving this madness.
Occasionally these fools bubble up. Fauci and Vindman, of course. And the adulatory reaction they get from the swine media reveals what might be our greatest problem. Can a capitalist country survive without the media freedom that gives leftist nuts free voice? Another topic for another day..
The 1930s was a time of immense despair. The concept that a few geniuses within the bureaucracy could save us from the Depression emerged. Hayek and Tom Sowell have written eloquently about this “fatal conceit”. The fantasy that undiscovered geniuses are hiding in government offices has never died. Obama’s plan for job creation was a convention of such people. Hillary voiced exactly the same plan.
The tolerance for deeply silly people around Biden shows that the worship of bureaucrats remains at full tide.
Gov. screws everything up to give themselves the mandate to “fix” it, while the only thing they have ever “fixed” is their chairs at the trough.
Someone needs to tell this demented old coot masquerading as prez that his much touted energy transition is never gonna happen..we all know this, why are our supposed “elites” blind to the facts?
“The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers.”
I guess it depends on who is counting the ‘supply’ and what ‘they’ define as ‘available’. Statistics makes for a wonderful deception.
Crazy I know – but I think Powell & Co are America First. Let Biden own this storm of inflation created by the COVID hysteria and the huge amount of funding flushed into the system. And this ruins the Davos world government plan by bankrupting Europe, which until recently forced to act, had negative rates. Pain, yes, but not part of joining a global WEF led group, rather the opposite.
Yeah, Crazy. I don’t think America First is his motivation at all, but it IS a puzzle; the multinational corporations and the banks that finance them “had it all”; WHY are they trashing it?
I kind of ascribe to the theory that 2009 WASN’T intended, that they screwed the pooch, and Paulsen wasn’t lieing about a global collapsecif the financial system.
And so, they insituted “Emergency measures” as their only option, and then realised all the -0- interest and QE did, was POSTPONE the collapse, NOT eliminate it.
Hence, the 14 years of “emergency measures”; if they stop, taper or in any significant way, they bring on the collapse.
Hence, they have decided since the system is unsustainable and GOING to collapse, they would MANAGE the collapse, so that after the collapse THEY are on top of the pile of rubble,…and we are buried underneath.
I din’t think its gonna work out like they plan and hope, …but they don’t have any choice, at least from their point of view.
its a theory,..anyway.
Sounds totally plausible, but my gut keeps screaming WEF!
I hope you are right!
You need your head examined if you think Powell is not managing the decline of this country for the WEF.