Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase. Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.
While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods. The Great Pretending continues. WATCH:
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 on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption.
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.
Depression or recession. You decide.
A recession is when your neighbor loses his job and a depression is when you lose your job
And a recovery is when Joe Biden loses his job!
Sweet!
Well said!
We have a winner!
Were all going to be starving next year The Economy will get worse and yes people will lose their jobs people cant afford skyrocketing Gas, Natural gas, Food and housing it’s not sustainable.
For the past 2 years people have been talking about the very real possibility of having to defend your self, your family and your property. My farmer neighbors are all very serious about defending what food they grow. What makes any rational person think that defending food sources won’t become a necessity out in the rural areas? Many of my neighbors are scaling back their planting next Spring and prioritizing those parts of their land they can defend. Almost all of my neighbors have been out in this area far longer than us. They know the land and all the approaches. Would have never guessed when we moved out here, “block watch” would become ” acreage watch” but that is exactly what’s been developed out here.
Same here.
Everyone is aware and has each other’s back. Scaling back on farming is just one aspect of this.
Not really, in the modern era you can have a job and still be living in a depression (being almost completely broke after paying most bills, etc.).
This isn’t your grandma’s/ grandpa’s Great Depression, this is Joe Stalin’s New Green America where just having a job isn’t enough.
Depression sounds about right.
I’m depressed because we’re in a recession. My God, will this madness ever end? We’re falling off a cliff and nobody with the power to change it seems to care.
What I like best about the sentiment behind this meme is Democrats realizing the jig’s up and they’re getting the BOOT in November. They’ve lost confidence in their election fraud schemes?
In case you haven’t figured it out yet …………… it’s intentional.
Most who can stop it, won’t, because it is intentional. Others are insulated from the pain.
That’s because they all know that it has been planned a long time ago.
The only thing that delayed it was Trump beating the pants off of Hilliary even though she was planning on VOTER FRAUD to defeat him.
I’m pretty depressed, so…
He should feel “some pain” sorta like his nose bone being crushed with a horizontal butt stroke.
I’m good with that!
This one needs strung up on a gas pump.
Omg. Lol. And Los Angeles is supposed to have a “hurricane”- imagine what would happen to all the charging stations using up our grid 🤣🤣.
PS- I survived hurricane Andrew- so I’m ready for that type of thing 😇
Didn’t CornPop have a chain? we could use that to hold him in place.
Another good idea! Imagine the tickets we could sell?? Problem could pay off the national debt
This is what made Trump special. Leadership. Right now we have no leadership. We have ideologues. Following the script, and they don’t even know why. This won’t last. It’s going to be interesting to see how the first national elections since the steal play out.
While I will be laying off employees to match diminished economic activity, the gov will be concocting ways to spend more of my money, skimming along the way, putting the country in more debt.
Boycott taxes!! We should all be Wesley Snipes now!
Yes.
More rigged elections coming in November
If they are still going to have the ballot boxes we should all be planning on monitoring them and taking pictures of the mules
Do you seriously believe that the democrats will not steal the midterms? I have a nice bridge to sell you.
The beatings will continue until morale improves. ☠
The elites and various governmental court jesters will continue their lifestyle as normal.
Just like they did when mortgage rates reached 18.53% in October 1981.
By 1983 the economy was booming! Good times!!
No it was not! Farmers were hit hard in 83-86
That was a rough time.
Yes!
I was just thinking about Nancy’s fancy refrigerator/freezer with all the ice cream. How’s she gonna get ice cream if they kill off all the milk cows? And how’s she gonna replace that refrigerator when there aren’t any being made any more? We’ve been in a slow decline for decades. I have daily frustration with things that break easily. Nothing is made like it used to be made when it was made here in America.
Yep. Consider car windshields. One leetle pebble strike and >>crack<< Visit the local auto glass shop and they show you that new / replacement windshields have about 1/2 the weight of windshields from, say, ten years ago. I went thru three windshields in three weeks, each one cracked by a single pebble strike. Back in the dya, such a pebble made a teensy little nick, no more than that. But is’t all cool … the insurance company pays for ’em. Which might explain some of the 31% rate increase for 2023 over the 2022 price.
I cant help but feel this is the “calm before the storm”. Feel like SHTF time….
A “reset” is definitely coming. I just hope it’s the right kind.
S will HTF if that guy keeps poking that bear with that stick while pretending that bear is toothless
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
This man is no Paul Volcker. Volker listened to the feckless diminutive Carter at the Whitehouse then went back to the Fed and raised rates 500 basis points.
I was a precocious 19 year old working in a electrical supply shop selling light bulbs to casinos in Las Vegas Nevada (was that ever fun! I got to know all the engineers who installed them) I remember the owner having a cow every two weeks when GE sent a new price sheet for their products and then call the engineers….
Biden is a 10 times worse than Carter
The last time we had serious inflation both energy and gold went up by a factor of 1o.
All interest rates do is adjust these future IOUs to this purchasing power reality. Namely their purchasing power goes down by the same amount.
It’s not personal, it’s just math.
Carter had over 100 times as much federal land under oil/gas lease by this time in his presidency
Massa Jimmy gave us the Department of Miseducation.
Never have been a fan of Biden but everyone puts the blame on him and he has no clue where he is. The media makes it look like it is him. It is the ones surrounding him like Obozo, Clintons, Soros etc. I really blame every Representative in the Senate and Congress along with the RHINOS for what is happening. None of these bill would be going through if they had no approved them. Just look at the dummies running this Country ie AOC
Yes the silence on energy policy is remarkable.
It’s like he doesn’t understand basic physics and thus economics and thus money.
I don’t doubt he does understand.
No, they understand. This is all a feature of their plans. Just like the Covid hoax. When the public finds out the shot they took is killing them in great numbers, I suspect (and hope) those with nothing to lose, give those who are responsible, the William Wallace end of Braveheart treatment. After a fair trial of course.
FYI, the Fed does NOT set rates. Not even short rates like the 90day. It certainly doesn’t set long term (eg mortgage) rates.
Most genuinely knowledgeable market watchers also KNOW, and HAVE KNOWN, that the Fed FOLLOWS the directions THE MARKET GIVES IT. That’s the show behind the curtain we aren’t supposed to see.
Here’s a chart from yesterday, showing HOW FAR behind the market the Fed was going into today.
The Fed does not have to power to keep rates wherever it wants. Quite the contrary.
Now … its rationale for “raising the FFR” may be whatever, but that’s just a cover story.
As you pointed out and as I said yesterday, 1 yr treasury bills have been between 3.5 and 4 % for a month. 10 yr treasury is at 3.6 . If I am not mistaken every time you have Had an inverted yield curve it has always led to a recessesion. I was surprised that Powell spoke the truth and said we might not get down to 2% inflation till early 2025. That’s a long time of pain. Pray and pray more
Not sure what you mean by The Market or being far behind it. The graph simply shows 3 and 6 month treasuries and the fed funds rate over time. You are correct the Fed does not set interest rates other than the discount rate which means nothing anyway. They can and do hit their targeted fed funds rate and heavily influence short term rates which can cause an inverted yield curve at times due to the more inflexible long term rates such as mortgages as you mention. They influence these rates by open market activities, the buying or selling of securities which used to be U.S. Treasury securities but, now includes most anything. From the chart, we can see they followed an easy money policy during the Obama years. In fact, since the alleged crisis of 2008. This means they bought and bought and bought some more, putting cash into the system in payment for their purchases. During the Trump years, the economy un-strangled for a while allowed them to sell off some assets, taking money out of the system and driving up rates which also acted as a governor on too much economic exuberance. Then Covid hit, back to throttles wide open until prices started to skyrocket. The medicine they are applying to fix this as Sundance points out, is to reduce demand overall and cause pain because they cannot fix the real cause of most of the inflation, they can only do what they can do. Tighten monetary policy and drive up rates to slow demand.
Here is another explanation from the Market-Ticker:
https://market-ticker.org/akcs-www?post=246994
Indeed if you go to the source and look at this data series over time you find that in virtually every case the market leads The Fed, so the idea that the Fed “controls” rates rather than doing whatever the market tells it to is, on the evidence, crap.
“…we won’t be able to vacation, travel, or enjoy recreational activities; we won’t be able to afford any indulgences…”
I truly still don’t get how the CEOs of the vacation, travel, recreational companies (cruise lines, hotel chains, casinos, etc.) are not screaming about this.
their companies will go out of business… why is it that they seem to be going along with all this?
They were cashed out a long time ago. The other 99.999% of their workforce and supply base were not.
But that’s just it. It doesn’t matter if they were cashed out. They must not understand currency AT ALL. You can have an Empire State Building filled with $100 bills. If you destroy the American dollar, all you have is a building filled with fireplace kindling.
For the life of me, how do these idiots not see what is coming. Just because they horded a bunch of money does not protect them from what they are creating. Their money, just like our money, WILL BE WORTHLESS.
Wake up everyone. Somehow these CEOs are actually dumber then we could have imagined. Even if I was part of this globalist coup to destroy the west, I would be smart enough to see that once the Shit hits the fan, none of my money has value. And I will not be able to pay property taxes meaning the government is going to take my land and property.
Even if they were paid in gold they are still screwed. What’s coming is going to be like nothing we’ve ever seen. This will make the Great Depression look like a great economic position. We will WISH we could have it so good. That gold will be about as useful as a paper weight. Food, water, and ammo will be the only commodities worth a damn. Other ancillary items such as clothing, and a roof over your head will also have value but you can’t carry a house in your wallet. And clothing is something you can conjur up with home economic skills when the going gets tuff.
I just don’t get the thinking of the CEOs. They won’t be taken care of. They will be lambs to the slaughter like most others. I hope they are enjoying their last few months of being superiors to the rest of us. Because once it all collapses they will be running for their lives from the unwashed masses as they come to collect their toll.
Did you see this? Jamie Diamond (JP Morgan Chase) and his response to radical Tlaib from Michigan in the House. At least he seems to understand this portion of it!
https://nypost.com/2022/09/22/jamie-dimon-assails-stopping-oil-and-gas-production-in-us/
I canNOT figure the WHY part either.
A last-ditch attempt at saving the old world fiat scam or rolling it into a new? Population control/reduction- elimination through internal strife? New GREEN economic model?What are we missing?
Old world banker cabal power/control through fiat has waned enormously just in the last couple years, and they NEVER had true dominion over opposing ideologues, dictators, theocrats etc. who possessed nukes. At best the cabal could force its will on 1/3 of the earth’s inhabitants. The other 4-5 billion?,still birthing another generation every twenty years.
IF these WEF Bberg plotter types are able to collapse the world economy their new fiat still is worthless/ useless/opposition to China, India and the rest. What leverage over these sovereigns? These economies are not going green with current technologies. The best these “ New Worlders” could achieve is status quo.
What are we missing…….
I don’t think they will go out of business-they will either get bailed out, get “gifts from the govt”, or will be subsidized by their fellow millionaires and billionaires traveling freely with out interference or being bothered by the “unwashed” masses (us). They will love every minute of it!
IMHO, 3 letters. ESG
Since most companies operate with loaned money, the money lenders hold the cards. Do as they say (climate change, gender crap, etc.) or you don’t get any money. Same as they have disrupted oil companies. On the surface, Biden’s admin approves leases, etc. but behind the scenes no one will fund them.
As this gets worse, I suspect (hope) more and more companies will start fighting. This could be the achilles heel of the modern day money-changers. If enough companies start speaking out about it soon enough.
Maybe wishful thinking on my part.
And in Cancun, Mexico 12 New resort hotels opened or are opening in 2022. Plus 8 more permitted abd under construction. Do there’s that. God’s in control!!
2019 was a record year for CEO departures across the globe. The elite knew something big was coming in 2020 ahead of time which would destroy functioning businesses and affect everyone.
The real tell was Bob Iger leaving Disney in early 2020 right before Covid was unleashed. He was as plugged into the globalist network as much as anyone on the planet and many on the Left have wanted him to make a run for president.
The same reason Zuck gave a half billion dollars to install a government to trash his business
It was reported by Varney that Zuckerberg lost $70billion of his personal wealth yesterday. Great example of Karma in operation.
I understand, most of the large fortune 500 companies executives are democrats so they just manage.
That is part of it.
We the deplorably upstart unwashed colonist masses, have had it good for too long.
Travel, vacation? That has to stop. They could not do it by having us remove our shoes at airports, so this is another ploy.
While I was scooting around the DHS rules, laws, Patriot Act etc…if I recall correctly, there are provisions in the Patriot Act to preserve our banking system, money etc from the nasty awful terrorist…..involving Sundance’ friend and ours, the incredibly manipulative and expanding DOJ.
Those last two paragraphs sum everything up…..I mean everything.
Bravo
As Powell refuses to say Recession and instead uses “Below Trend” to soften the blow, he also can’t blame the politicians for their continued addiction to spending and borrowing endlessly.
On a different note, Putin has called up the Reserve’s in Russia as of today. Thanks to idiots like Liz Truss who openly call for Nuclear annihilation of Russia, Putin has now called them out and clearly states… “This is not a Bluff!”
Winter is coming.
What happened to the “transitory” inflation the Fed kept talking about last year? Why was it reluctant to raise rates then but is setting a record for raising rates now? Was Powell asleep at the wheel then but he’s drunk driving now? It’s just going to get worse and worse. The equity markets have been hemorrhaging since Biden took office but there’s a bloodletting going on now. No light at the end of the tunnel either. The US is slowly turning into a shithole. SMFH.
Today must be my day for stupid questions but what is SMFH?
It stands for “Shaking My Head” with my favorite verb/noun/adjective inserted for good measure.
Shake my fn head
Thank you bruce and matthew!
Like the old, “what the f**k does wtf mean”?
Sundance, Inflation is running at 15 percent at a minimum right now. How exactly do you think 3,4,5, 10, or even 15 percent is overtly aggressive with the goal of reducing economic activity? They have printed trillions over the past decade and now its really catching up with us. The fed has been running rates below inflation for the last 15 years. They are being forced to make token raises right now to pretend they care about inflation when the reality is their short term rates are 10 percent below the inflation rate. Not exactly aggressive. I think you are trying to make a connection that isnt really there as their policy is insanely dovish and has been since volker.
I do most of the grocery shopping in our house of two retirees. The price increases I see for every day working people’s food stuff is frightening. I can’t imagine what it is like for the folks raising a family.
Who on earth are we supposed to rely on when making decisions about my retirement savings?
I have a large percentage of my hard earned money in cash at this time. I know that none of the financial press can be trusted for advice.
It seems that unlike the past when we were warned that a situation might have a negative impact so we can take steps to protect . These days it seems that info is only solidified after it is too late.
When the financial institutions redefine what a recession is to push the WEF positions they have gone over to the dark side.
What to do?
Rely on the Lord.
What’s the point in telling us to cash out if the cash on hand won’t be worth the paper it’s printed on? We are damned if we take it out; damned if we invest it; damned if we wake up one day and our account that had enough cash in it to buy a car on day one… isn’t enough to buy a t-shirt on day two; damned if we buy gold because who is transacting in gold – will the convenience store sell me a loaf of bread for a gold coin? Do we in desperation transact gold and possibly lose its value in transacting?
Truly, I see no human way that this is going to be remedied without a serious military uprising. Sadly, we are prime for the takeover by our illegal Machiavellian invaders.
Where is our We The People backbone?
The Lord is all we have got. Fortunately, He Has an excellent track record.
As long as we have old school energy. Oil, gas. The US will be the most livable place on earth. Restore border control, police the cities, restore our military. Stop the welfare and require people to work. Recognize only two genders.
Sounds good to me!
Me too!
“What’s the point in telling us to cash out….”. This is exactly what I think–like you plucked those thoughts right out of my head! Meanwhile I pray for wisdom and good decision making. I’ve got some things in my favor (no mortgage) but I feel like I need to do something but what?!
I always try to remember HE is in charge and that I should feel joy because of that. That’s my struggle. Thanks for the reminder.
Certainly. trust in the Lord.
Cash will be valuable for a while. Then silver will be traded for food. Liquor will as well.
Canned goods are good past the best-by date. Just check for expanded tops or sides and check with your nose. When in doubt, toss it out.
Water and water purification will be critical.
Meds and sundries, stock up now.
Don’t despair. Be prepared.
You forgot brass.
Brass and lead will become even more valuable.
I have been warning those on this website since last Fall. I got my sell signal January 3rd and posted it was time for me to sell. There has been 5-bear market rallies since giving opportunities to sell. You have not been paying attention and have no one to blame but yourself.
Hi Fangdog,
I am no financial expert but hubby and I have considerable 401k accounts. At least they were when we retired!
So, here is my question: our funds are managed and so far, doing ok. I actually worked for multiple years for the financial firm managing our accounts, and as a former employee my accounts are managed gratis.
I am getting to the question, so were we to pull everything then what? Do we cash out and keep it all in a safe?
This is not snark, simply a legitimate question.
Thank you for any advice, or input.
Blessings!
As I have stated I am not a financial advisor. I am strictly a technical trader.
What would I do is probably be all cash. I come from the school “cash is king”. There is always the argument cash becomes “worthless” but what does the guy have who doesn’t have cash?
My parents went through the Depression and cash was King. It didn’t take much cash to buy a lot. Especially, if you are the only one who has it.
Thank you so much Fangdog!
I am also a cash is king believer as is hubby.
Having said that though, I guess we are both a little trepidatious not being financial folk about when to convert.
Of course we do recognize it obviously is too late to convert when a lot of it has been lost!
Timing being everything!
Much, much appreciated!
Cash is king as long as the cash remains the green back. But just for the fun of discussion let’s say the color of the green back goes to red. You can convince yourself that you will be able to exchange one for one unless the government decides you can only exchange for ten cents on the dollar. What can you do about it. Don’t think they won’t do this. Think again.
And if they reduce the value of physical cash in your hand what makes you think they won’t reduce the value of “cash” in the bank or 401k simultaneously?
“…so were we to pull everything then what? Do we cash out and keep it all in a safe?”
I don’t think that’s what was meant. It seems he meant to sell stocks and maintain a cash or mostly cash position in your 401k accounts, not a suggestion to remove the money from those.
Then at a future time, buy in again when buy signals indicate it’s time to buy.
Dear gldn2th,
Thank you for your wise reply! Indeed you scooped out the meaning! See the reply from Fangdog to my original post above.
Be blest and I appreciate you took the time to reply. Your clarification was so helpful 🙂
Yes, I did mean to keep the cash in your 401k account.
Let’s take the latest example; you sold all your stock when the stock market was 35,000. and put the cash in a money market fund. Wouldn’t you still now have the cash value today when the market was 35,000? As opposed to today’s cash value of $30,000 If you got out today?
Not this is a discussion people can benefit from…..actionable advice! Agree or disagree.
For your sake, move into an all cash position. There is only one way this can go now.
Not everyone can just sell without paying more in taxes than you might loose in the downturn of your investments in the market
You’ll only pay taxes when you withdraw money from the account. I think he means maintaining a cash position in the 401k.
Very true and is why everyone needs to assess their own personal situation as it applies to them. Which is why I always said get together with your advisor/planner and go over your personal situation.
Why not just raise it to 4.6% now? Why wait until 2023? Hell, raise it to 8% now. Why in the hell are they trying to prolong all of this? Meanwhile, start drilling and open up every conceivable piece of fertile oil land. Inflation would be gone in a year.
They aren’t doing what would work because making it work is not their goal.
If one wants to ruin a country, this is how one does it.
Yes, but that is normally the inverted thinking process on how to avoid things not to do, I use it for trading. Who would have thought they’d use it for the exact opposite. Evil people do evil things, evil governments do whatever they want.
Research what it takes to drill wells, to stop them for maintenance, and to stop them from producing. It’s not that simple. Once a well is forced to stop producing oil and you try to start it back up again, there is no guarantee it will return to its original pressure. #FJB really F’d us.
https://www.resilience.org/stories/2020-05-28/shutting-down-oil-wells-a-risky-and-expensive-option/
You are correct, especially the small stripper wells
Noticed that Powell said they are not selling MBS at this time and they don’t know when they will do so. They are trapped.
This means the MbS QT will be done solely through runoff because the mortgage market has blown up with 30 year rates doubling from 3% in January to 6% in just 9 months. If they put the mortgages they hold on the market it could push the 30 rates over 10%.
I’ve been saying the Fed is Trapped for years on here, welcome to the party… 😁
I’m a professional Trader, not an economist. Here’s what I guarantee…. When I enter a trade and where my stop loss order goes. It doesn’t matter if I’m long or short the market, these are my only two guarantees about any market direction.
When it comes to policies and politicians, they are clueless about how the global economic world truly functions and yet, people love pain and so they continue voting in morons who know less than all of you.
Dominion.
You state the “real world” and it is simple. ….thank you.
VoteAllIncumbentsOut: The political environment is like the weather. It happens. Make hay while the sun shines, but keep an umbrella handy. And a generator.
Thanks. Been here for a while. I’ve been waiting since Spring of 2021 when inflation was “transitory”.
Had a good day today. I bought the 092322 SPY 380 Puts when VX crossed 27.20. The real fun should happen tomorrow. I am hoping to see if ES hits 3753 by the 9:30 bell and VX breaking 28.
If we get below 3738 I hope to see that test down to 3703.
But, could bounce back.
‘If they put the mortgages they hold on the market it could push the 30 rates over 10%.’ – JoeS
Moreover, if the Fed sells MBS now, the Fed’s paper losses will become realized losses.
Conveniently, the Fed uses purchase price rather than mark-to-market accounting. This fiction works as long as securities are held to maturity or redemption. But not if they are sold before then.
WEF policies = we’ll own nothing, and be happy?
Meanwhile, the UK (?) will cut business energy rates 50%, meaning they will still have massive pain… just not monumental pain. Still a doubling or tripling of energy bills.
This lying bastard keeps blaming everything going to shit in America on a war in Ukraine which has no effect on us it’s this Inflation increasing act Green energy Scam raising prices on everything we need to survive!
Crime is going to skyrocket. Especially among those screaming “reparations” and “equality”. They will not stand by and watch the Martha’s Vineyard ilk eat their fancy Nancy ice cream. Just wait until those special interest groups wake up and realize they were just pawns in the liberals’ games.
Border crossers can be expected to be extra savage in the expropriation arena.
They’re not exactly from around here, ya know?
Going to be lots of Darwin awards handed out, and plenty more (dis)honorable mentions who almost qualified.
There must be some brilliance I cannot perceive from shutting down our energy supply industries, starting a financial depression not seen in about 100 years, goading Russia into a war that is turning nuclear and now acting rough and tough goading China into another war over Taiwan. Stupid me just sees the means to destroy all of America before the next big election.
There is no brilliance GG, they need this war. They have no other choice now. Politicians caused this mess for many years.
China will be the next financial capital of the world. A rising dollar which btw, is going higher… will destroy many emerging countries who borrowed in dollars at low interest rates are being wiped out. Raising rates will only get worse for them. America’s dominance is deteriorating quickly and it’s finally showing the signs of decline thanks to the idiots who promise everyone the moon, just to get your votes.
Do you mean PRC whose financial system is in the midst of collapse atm is going to be the new financial capital?…..LOL……..they will be lucky if they do not suffer the same as Japan and their “Lost Decade”…….the world recession that is about to occur will be worsened as PRC drags it down further with its financial mismanagement
Lol….not!
the “genius” is the “elites” think it is not going to affect them……boy are they in for a surprise as they intentionally screw the rest of us
I just watched the end of Tucker Carlson’s show.
At the end, he presented a new disturbing video by Bill Gates, saying that corn is now a problem of climate change.
WTH? Cannot be good. Is this why he has bought so much land? To grow modified corn?
Fed up in NYS.
ethanol takes 3 gallons of fresh water per gallon to produce and results in less energy output than input while damaging small internal combustion engines and standard rubber hoses….sounds like another genius policy but the corn farmers of Iowa love it just ask Grassley
That is why years ago, my county voted down an ethanol plant because of the ground water issue.
The PTB are putting the squeeze on the public until enough of us “snap” and then they can crack down. Don’t take the bait. At 52 I’m old enough to remember my parents tough time during the late 70’s and early 80’s. My 3 late teen sons have no idea when I tell them about that time in history, and how this will be exponentially worse. I am glad I have 3 able-bodied sons who can see and know the truth.
i graduated HS 1972. I lived thru it as a young punk, working low wage jobs for years. The younger folk have no clue what they are in for. Now that I’m at retirement age, and I have to go thru it again… saying I’m pissed doesn’t come close.
You know, I’m pissed too. I feel cheated. I got my General Contractors license and started a business in 2015 doing small remodels and tile work. Trump era was great. More help wanted signs then I’d ever seen in my life. Tons of work and building going on. It’s dropped way off and nobody wants to pay what it takes for Me, my 2500 Ram and my trailer with $20k tools to show up.
My point is this. There’s no reason for it other than to tank our economy. In the next few weeks I’m going to do a job for my very liberal and socially leftist sister and brother in-law. They live in Coal Country. I’m going to hook up a gasoline generator and transfer switch for them. The irony absolutely blows my mind. Of course, I charge for it.
Be sure to charge DOUBLE … to recover your vote they cancelled.
Lol
Thank you Sharongn,
Graduated 1971.
You stated my thoughts exactly .
Agree with you completely. TPTB need enough of the public to demand a fix (to the problem they created). If the pain is great enough people will beg for relief and won’t care how they get it.
Hannity is on with President Trump right now.
Can President Trump get a word in edgewise?
Hannity is part of the problem. Bought and paid for. On the flip side, I’ll take My President on any channel I can get him.
I know so many people, whom have worked their lives away, so that they may enjoy……Be able to see…. some kind of retirement. Now its pretty much a pipe dream..
This Admin. and their cast of Clowns, have us all wondering if we will even survive their bullshilt.
PRAY..
That’s all I got….Pray
Mack, I remember years ago flying on a commercial flight and the plane dropped 4000 feet in less the 2 minutes, the lady next to me was panicked along with the entire cabin of people. I calmed her down by explaining that praying and panicking do no good, if the plane is going down, there’s nothing you can do but live your life, through your thoughts and experiences you’ve had while alive.
My point… Live your life because nothing else matters. The minute we are born, we begin dying.
pretty presumptuous of you to tell another their fellowship has no value at any time….because you place no value in it does not mean it has no intrinsic value of its own
Agree 100%…🙏👍
🇺🇸💪😀👍
The minute We are born we start living! Living the best life!
You just described the Missus and I. Ditto on the prayers.
What does this do:
—Strengthens the dollar
—Creates a deflationary environment
—Recessionary environment
All under the banner of fighting inflation. It will do anything but because this is a supply problem.
I’m not sure what they are ultimately going for here. Figure it out and we know their play.
Once again, these blood sucking bastards raise their ugly heads! Parasites on our country. End the Fed!
Atlanta fed predicts another negative quarter… so if that happens- will the news say we are in a recession finally?
I don’t need someone to tell me what I am in or not in and neither does anyone else. What difference does it do me to have someone tell me I am in a recession or not in a recession?
There are votes at stake!
A “Peaceful Recession”
Lmao!
That’s good 😀
” A Peaceful Recession” . . . So far!
A best economy in our lifetime recession.
The transitory transition is still in transit.
What is interesting to me is that M2 has been basically flat since Dec 31, 2021, and the gold price is trending slightly down.
But I don’t think there is some grand plan. I just think that these guys are clueless.
“I just think that these guys are clueless.”
Me too.
Yep. Jimmy Carter and team were the same type of idiots.
And 33 to 40% of all the money in circulation has been printed under Biden presidency. Why did they print so much money? We didn’t need it. This inflation has been made on purpose, along with the drop in energy production, to put us more under their thumb. Despicable!
whatever you have been saving up for your whole life, it is being wiped out in front of your eyes. The left has wanted to confiscate private savings and retirement funds and inflation is a backdoor way of doing just that.
If only we could give these people the kind of pain they are giving us, they’d never be able sit straight again!
We can, if people are willing to go to the mat and suffer. In general, we value our comfort too much and give up resources to buy it even if it is not in our long term interest.
Those who make that choice I fully expect to rat out those who choose to take on the Communists in government and industry because of fear of being lumped in with ‘insurrectionists’. Very effective program, so far.
What “pandemic recession”? Did we have 2 negative gdp quarters in a row under Trump during the pandemic?
I’m currently getting .01%
on my savings account at the bank.
Does this rate increase mean I’ll get more?
I remember getting a better return on CD’s back in the 1980’s.
Look at internet only banks like Citi and Synchrony. They started offering interest bearing savings accounts at around 1% in ~May and now it is up to 2%.
Yes, though I have practically zero money in the financial industry I still have a few bucks in the same credit union I joined over 50 years ago. In 1980 they were paying nearly 12% on savings while we were in the middle of that inflation period. I remember my dad buying a few 18% conventional mortgages back then which offered a better rate of return. Today it’s under 1% max. If one goes ‘long term’, over 24 months share certificate, it’s 3%.
In general, my impression of this mess is nothing like I had back in 1980 and the five year period around it. This is much more worrying, on many levels, mainly the fracturing of society and the proliferation of criminality from the street to the government. Not good.
I remember 15% interest rates.
When Biden says: “It could be a lot worse.” ………….. do you think he will do whatever it takes to prove himself right?
As the saying goes, “In a forest of oaks, even a blind squirrel stumbles across an acorn every now and then. 🤔🤔
Doubt that he 《Biden》 would remember the subject of the sentence, when he gets to the period.
However, his handlers, puppeteers that is a different story.
Bidet will do whatever Obama tells him. Obama will do whatever Klous whatshisname tells him to do. Whatshisname will do whatever Soros tells him to do. They just have to flip a cone of ice cream to Joe Pedo every once in a while!
Just circling the 🚽
I may be at odds with the site hosts here, but interest rates needed to go up and stay up. How high is a worthy debate, but ever since 2008, we’ve had mostly artificially low interest rates and they have rewarded bad behavior and punished savers and people that live responsibly. The stock market is completely overheated with the corporate world living on “free” money. That’s not economically healthy nor does it bring long-term stability. What we need is a long-term stable, sensible federal funds rate.
I am in your camp except people built their financial life around low interest rates… they will be hurt… no doubt about it.
I think it’s more the criminality in the white collar world, including the government, as opposed to the rates themselves.
As is, we have very little faith and trust in our institutions or for that matter our fellow citizens. Very worrying, at this point for myself far more worrying than the numbers/rates.
So when it all collapses, what the elite going to do with all that “aid” money kickbacks given to all these “foundations”? Digital won’t save them.
Maybe these rate hikes have nothing to do with inflation.
Part 2
Watch! Lots of things in the financial markets that many missed. ALL countries began repatriating their gold in 2017
WOW. Thank you for posting this.
The Great Pretending:
Biden is president, the election was not stolen.
Covid19 was released by accident and the economic damage was not intentional.
Green = Good.
American justice is not run by criminals.
The Deep State is not The Dark Side, and does not even exist.
Biden is president, the election was not stolen.
How do we get America off this crazy train, before we go down the drain we are now circling!?
That means I will now get to collect more than .25% interest accrued on saving account that the bank loans out for 9%. /s
We tried option number one: vote.
Time for option number two: defy.
Do not confuse that with option number three: Revolt.
Time to end the Fed.
Time to end the Central Banks.
I’ll bet old Powell isn’t “feeling some pain”.
Same chit, different day. Put the squeeze on the average American, while the elites feel zero pain.
The MAOcrat politicians created this mess, and the federal reserve applies the COUP de GRAS to destroy the economy and create another recession/depression. This government is using ALL THREE tools of HIGHER TAXES, INFLATION and INTEREST RATES to screw everyone over. This is CRIMINAL. VOTE THEM ALL OUT and get rid of the federal reserve for idiocy.
What follows is a concise and factually accurate primer on the origin of the FEDERAL RESERVE. Some may (may) be familiar with Rev. Irvin Baxter (RIP), and his lifetime body of work. WTWT and also note well the affiliations. This segment had disappeared from utoobe for awhile, but it’s back and has always been available at End Time Ministries now run by Rev. Baxter’s son-in-law Dave Robbins. Rev. Baxter passed away from complications of SARS-CoV-2 on 3 November 2020. Yes. So do I. https://www.youtube.com/watch?v=OXSPFI526h4
Does the same logic of the greater good that applies with the NWO’s population control apply to exterminating politicals?? Just wondering.