This video interview segment was sent to me today along with a “wow, you were right” message. Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.
The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence. Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved. However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy. WATCH (10:22 prompted):
The issue is quite simple, really. When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively. We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.
As a direct outcome of energy policy, all of the downstream products and services have massive upward supply side price pressure. When the input prices are driving upward of 60%, the downstream prices increase accordingly. Farming costs, fertilizer, feeding, transportation costs, food at retail and wholesale, and just about every petroleum-based product, which is almost everything, increases in price accordingly.
If supply side energy price increases are pushing +60%, and the Fed will only accept a 2% inflation output result, the only method of achieving the desired result is to shrink energy demand. This is the goal of the current Fed monetary policy. In this interview Kashkari admits the dynamic for the first time in public.
Prior to this interview, the Fed was being too-cute-by-half as they talked about targeting the ‘demand side’ through increased rates. The demand they were targeting is the energy demand, but people (mostly in the financial and business world) were not willing to accept that Federal Reserve monetary policy would intentionally try to shrink the economy.
When overall energy price increases are driving upward of 60%, it is going to take a major amount of economic contraction to drop energy demand to meet the diminished energy supply. CTH has been warning about this ultimate objective for over two years. It’s a simple economic situation.
+60% price on the supply side, with a goal of +2% on the downstream demand side, equals a major amount of activity needing to be removed. Essentially energy use needs to drop by half.
You can put everyone in an electric car and still not even come close to dropping energy demand 50%. You cannot “energy efficient” your way to a 50% drop in demand; there just isn’t enough waste in the system, especially when people are already paying close attention to energy use because it costs so much.
This “transition to the new green economy” is a whole of society shift.
This “transition to the new green economy”, is a multi-generational shift.
The transition includes putting people in smaller houses, stopping their travel, stopping their purchasing of new goods, taking down entire industries and limiting human activity on a massive scale.
Something akin to the COVID-19 lockdown period would be needed, only this level of diminished economic activity would be permanent.
It makes you wonder if the COVID-19 lockdown was the test to see how much energy use would drop if everyone was stopped in place. And yes, during the COVID lockdowns, human activity did stop, economic activity did stop, and energy use did drop by the nearly amount we are talking about.
When you accept what Minneapolis Fed President Neel Kashkari is openly admitting in that interview segment, particularly as he is asked about the massive supply side costs and how that overlays, then you realize how prescient the image is below.
This image is the exact future you see flowing from the “radical transformation,” or what is also called “managing the transition“…
At the end of the transition, you have two social societies. One social system is a massive assembly of human activity all in close proximity. The alternative social system consists of those who do not wish to be jammed into Build Back Better cities yet forced to sustain themselves because the energy production and delivery resources in the larger geography have been stopped.
Now you know why I asked the question, “where would you live” over a decade ago.
PS. I’m not being snarky when I say: (1) there are trillions at stake; and (2) the management and control team behind Ron DeSantis belong to team “eat the bugs.”
Because these people will vote for Democrats and socialism.
They don’t need them anymore with the rigid elections.
Their purpose is to import a slave workforce where a lifestyle that is at least half as good as it is now is still an upgrade for them.
Because they’re used to living like animals
That depraved behavior is what is being counted on.
That’s the reason NGOs, ie Derp State Operatives, are in the worst places with the worst cultures in the world with languages no one else speaks facilitating transport to the Americas.
These are primitive souls with primitive goals, and when their Utopia-R-Us cards cease working and the supermarkets run bare, they’ll know just where to go and what to do to satisfy themselves.
Berserkers.
They’re desensitized to 3rd World conditions. We are spoiled by our 1st World conditions. They see it as an upgrade and work hard to make the best of it. We bitch and moan while rationalizing the acceptance of the decline.
Nothing short of drawing a hard line in the sand and kinetic enforcement of the line will change anything. But, I’m afraid we as a society and culture are too soft to execute such a definitive and purposeful resolve.
So we bitch and moan waiting for Wolverines to handle the heavy lifting.
The US has among the lowest cost of energy in the world. Lowest energy costs means lowest cost of production even with higher labor costs. Much lower than China with slave labor.
Add durable quality and innovation and America Made can’t be beat.
all you have to do is look this cash n carry guy in the eye and you know.
He is a demon.
They all look like this. Are they Martians?
Treasury Sec Yellen said the exact same thing last year. These people are all Bolshevik Green Party aparateks!
Janet is another globalist .
What is wrong with these people.
They are all out in the open now, just babblin babblin on tv.
they have a plan and its not a good one .
Stay close to God and keep coming to the treehouse.
love this place .
Thanks Sundance
That Neel guy looks like the devil, just sayin’
To me, that Fed banker dude reminds me of what the “Emperor/God-King” looked like in the movie, “300”, about the battle of Thermopylae and the Spartans.
The actors name that played the God-King was, Rodrigo Santoro.
Meaning this Kaskari dude looks similar to the actor in that 300 movie & I’m thinking likely has the same Haughty demeanor as portrayed by the actor in the movie.
See for yourselves:
https://static.wikia.nocookie.net/9a6ad512-a6a2-4e90-8c56-3738e5b11b9e/scale-to-width/755
Is Neal K even a real person. He looks cgi created
These monetary bankster type are pure sociopaths. Did you check out the haunting shark eyes on this one? The fact is that the DC beast system is all about protecting the fraudulent and unlawful money system and using money and policy to enrich those sending emoluments back to DC.
The most treasonous act perpetrated at the highest levels, was Woodrow Wilson, unconstitutionally, surrendering our sovereignty to The Federal Reserve. The banking cabal is and has been the epicenter of evil, for centuries
Every banker I know is rich because of the system, not all of them are bad people though.
Not one banker in a million knows how banking really works.
From google..
What party was Woodrow Wilson a member of?
A member of
the Democratic Party,
As president, Wilson changed the nation’s economic policies and led the United States into World War I in 1917.
Today the Democratic Party is trying to lead us into World War 3.
The Biden Presidency is the worst ever.
….
The Democratic Party destroys everything it touches.
Amen. And Amen.
” The Democratic Party destroys everything it touches.”
Isn’t that on their mission statement?
What I’d like to know is WHY hasn’t anyone challenged the Federal Reserve Act at SCOTUS? Art. I, Sec. 8 of the COTUS says that only Congress shall coin money and regulate the value thereof; yes, I’m sure I heard that somewhere before. In light of that, it seems that an amendment to COTUS would be needed to establish the Fed; this was never done. Hence, the Fed is unconstitutional, so a SCOTUS challenge would be a slam dunk.
good luck w all that
They understood what happened with the Titanic and those that opposed the Formation of the Fed in 1912.
Agree 100% I believe a faster way to dismantle them, is like Ron Paul wanted to do, is audit them, and surely will find many a criminalities and then the indictments can come and when they are found to be colluding with foreign entities against the USA, confiscate all these billionaire bankers assets, and pay off the trillions in debt they put this country into.
Sweet dreams. Who’s going to prosecute?
Correct. The Congress didn’t have a bunch of elves coining/printing money before the FED. They contracted to have Notes or coins produced and backed by a tangible asset; mainly gold or silver. And also regulate the value. This act abrogated their responsibility once again. The “regulate value” piece, is to me, the worst aspect of it all.
Agreed Marky, but does anyone reading here actually think/trust Congress would do a better job at coining money and regulating its value? I mean really: do you think AOC and her ilk would do a better job just because the Constitution says it’s her job/duty? Neither do I.
Bottomline: a crook is a crook, whether in the Federal Reserve, banks or Congress, or on the street picking your pocket. (And for the record, it’s why I don’t support a Constitutional Convention—can you imagine what the current crop of “experts” in finance, business, law, politics, etc., would come up with??? Surely what we have now, but on steroids with one difference: theft, corruption, diversity-equity-inclusion, etc would be CODIFIED in the most authoritative document in the land).
EXACTLY. And I cannot say that strongly enough!
The Biden Regime is about to surrender America’s sovereignty to the World Health Organization (WHO) and give them full control over future pandemic policy ie. our health. Legally Binding – no Senate approval required. Biden is right there, next to WW.
WHO Zero Draft
Sociopath could be a tad strong but Neel Kashkari is for whatever is in the best interest of Neel Kashkari that’s for sure. Whatever way the wind blows that’s the direction he’ll be heading in and when it changes so will he.
He didn’t used to be a bad guy. Now any integrity he had has been subsumed by the blob.
Wow! … “shark eyes” … accurate and terribly upsetting.
Lifeless eyes….black eyes…like a doll’s eyes….
He doesn’t seem to be living
“….haunting shark eyes….’
Another one who has the Kenyans’ eyes.
The eyes are the mirror of the soul.
It’s as obvious as that !
I live in California, where this nut job ran for Governor about a decade ago. He actually ran as a fiscal conservative. Thank God he didn’t get elected. Even Californians still have some standards.
When is California going to admit to being full Communism when it comes to government. I can’t even understand why some good people still call California Home.
We must all ask God to provide Enlightment to California and get it out of devil worshipping.
I don’t trust one word the “Baldy” has to say.
They see the economic pie as only a certain size and are going to allow us only a small piece. They will get the bigger piece. It is a doomsday WEF outlook. We have to break up big government and big business to allow individuals through innovation to make the pie bigger. These people are not Americans in the original sense.
Everyone, including the sell out politicians that sit in padded seats in the Congressional Chambers will feel this doom and gloom. No one is able to survive this kind of econnomics except a few well heeled leaders. The Klaus Schwab crowd is so dumb.
It is not the bankers. They are the scapegoats for the politicians. Banking is loaning money to earn a profit and keeping bad loans to a minimun or zero. Banks are the oil the greases the economic system. The problem is the politicians that make banks loan money to people or businesses that will not be viable. Banks did not cause the SubPrime debacle. Democrats caused it but all of you blame the banks. Folks you need to focus on the Root Cause of the Problem. It is not banks. “edf: These monetary bankster type are pure sociopaths.” No the pure sociopaths are the people making the bankers do uneconomic policies.
Someone paid the politician to push the policy.
Good points. End the Fed.
It is not the Fed. The Fed allows banks with excess cash to deposit the excess with the Fed. Other banks can that need cash can borrow from the Fed. The Fed makes the system work. The problem is the UniParty spends more money that it takes in. The legislature allows the Fed to print money to cover the difference. It is not the Feds fault, it is the UniParty’s fault. The gripe in 2008 was the banks were bailed out. Those dirty rotten banks. Well who bailed the banks out and not the little guy? Yep it was the legislature full of UniParty types. Who got the blame? Banks.
We won’t solve this problem because we are part of the problem. There will be degradation until the system dies. If you want to help. Hurry it along. Remember eventually you have to spit on your hands take up the sword and slit some throats, or something like that.
Indeed. These evil minions will not passively relinquish power. Not advocating violence, just acknowledging reality.
A few of them will have to be “Moussolinnied” first before they change their ways.
“We are part of the problem.”
If you vote for a Dem then, yea.
If nobody voted for a democrat we would still have a pipeline , cheaper energy, less inflation and lower crime , no vax mandates…
The voting machines have to have votes to inflate.
Republicans have to win big.
make it impossible to steal another election and do not give up.
Marxists infect the too trusting and simple minded, like the Minnesota Democrats who are now reaping the whirlwind.
If you really want to know what the Fed, et al are doing to the economy and money supply, check out Catherine Austin Fitts’ “Solari Report” online. It’s way worse than commenters here seem to think, and it’s coming down on us much sooner than you can imagine.
According to Daily Mail (increasingly a go-to for snippets of news not found here at home), Oakland experienced a fire at a PG&E substation. 50,000 without power, flights interrupted, etc., etc. Oh, well. I’m sure it’s just one of those head scratchers.
PG&E also started massive fires that killed Americans and got away with it.
Them “Wildfires” in California are not wild at all. None or them
“PG&E also started massive fires that killed Americans.. ”
Complete and utter BS.
PG&E provides a service you could never dream of providing. Not in your wildest dreams.
Next time you turn on a light, think about who is giving you the privilege of doing that.
If you want to bring up people dying in wildfires, stop ragging on PG&E and get real. Take it up with the source of the wildfires – Sacramento.
PGE did blow up South San Francisco, but only a few blocks……….
San Bruno. Six felony convictions.
You finally got the city right but everything else wrong.
nobody went to jail. No one was convicted of anything
But the PG&E hater’s and their lawyers got a chunk of PG&E money which is what this was all about to begin with.
Do you think the PG&E hater’s stopped using PG&E?
https://www.latimes.com/opinion/editorials/la-ed-pge-conviction-20160810-snap-story.html
Is PGE still on criminal probation?
Daily Mail: Reporting and printing news no American main street stenographer will report.
Why is it that every Deep State Cabal bankster and regime bad guy et. al. Now has a Muslim or Hindu name and looks nothing like an American? Asking for a friend.
I’ve been asking that same question for months. God, that guy in the vid is just CREEPY. Sometimes you hafta wonder if this “administration” is trying to find the weirdest, scariest looking people on the planet to convey its creepy messages.
Butthead buttigieg needs his butt kicked all the way home. He’s created a lot of these problems because he knows NOTHING about being the director of the energy sector of the USA. He’s a moron.
Jennifer Granholm is the Secretary of Energy. Buttigieg is Secretary of Transportation. He would be just as lame at Energy as he is at Transportation.
She’s worse than mayor pete.
You’d have to search far and wide to find two bigger morons than that “dynamic duo.”
Luckily (big sarc), the Biden administration has done that search and continues to nominate yet more of the biggest morons ever to be presented to the senate for confirmation.
The Cabinet and lately, judges have been picked according to a cumulative ranking of: weirdness, deviant behavior, offensive minority traits, sheer incompetence and hatred of America. This is NOT by accident.
They are building a government bureaucracy that hates us “Normies” and “Deplorables” so much they would gladly follow orders to DISAPPEAR large numbers of us. JUST LIKE THE CCP PRACTICES! This is NOT politics!
Wake UP! Your voting voice is gone! They ARE reducing the food supply. They HAVE reduced the energy supply! They HAVE started World War 3! They ARE indoctrinating your children! They WANT you lazy!
Corrupt people are easy to manipulate.
Yes, and so are lazy, indoctrinated ignoramuses and easily aroused racists/looters/thugs — just like the government continues to create through our schools.
True, but he does have a drivers license. Doesn’t that qualify him??? Sarcasm off
And every appointee has a wife or husband with another name who works in the administration.
Funny that you ask; when he was running for Governor here in CA I swear he looked lighter skinned and his demeanor was completely different.
We the People did not ask for this, and we are supposed to have representative government.
0’Bama and his paymasters disagree…
Indeed… we haven’t had one for decades now
These people will ultimately pay a terrible price. Either here, after or both. I prefer “both”
Why is it that recognizing that there is a common thread between those managing the Fed, Goldman and Blackrock is forbidden?
Anyone doubt Kashkari’s ancient Sumerian roots? He looks like he could jump off a page in an intro art history textbook.
These people are evil. Why do we tolerate them?
WHY DO WE TOLERATE THEM???????
The take down of the United States by traitors.
Not just the USA. The world.
I hate these people.
I thought Brendan Frasier killed off Imhotep in the 2nd film for good???
Just another resentful foreigner who has infiltrated America and is trying to destroy her from within.
So in other words the economy [GDP] is relative to energy production. So then, why do we need the Federal Reserve?
Decreased economic demand can come from everyone doing less, as in restrictive lockdowns, but it can also come via decreasing the number of people. Hypothetically if the government was expecting a significant drop in the population, it would want to contract the economic activity in advance to prevent a price collapse that would occur if demand was not decreased and to hide the reality of that population decrease. It would also want to import a lot of foreigners to hide the population decrease initially.
A lot of people are starting to realize these green dreams are impossible, but they still think the impossibility means the government is going to back off when that becomes obvious. They haven’t yet figured out the goal is either for most of the people to no longer be able to afford cars/homes/travel or for most of the people to simply be dead. If they figured out that lockdowns weren’t going to work, accelerating death and decreasing fertility would be the logical escalation to decrease demand.
Your point is further amplified when you factor in the fact that the ‘green’ goal is an ALL ELECTRIC society sourced via ‘renewable energy generation’. So far most people are only focused on the issues surrounding the implementation of 100% EV’s. When you add in the impacts of converting all cooking, heating, manufacturing, etc. to ‘renewable’ the issues are multiplied exponentially.
A recent study has shown that there is not enough lithium in total estimated world-wide reserve to manufacture just the batteries needed for 100% EV replacement. Even if there were additional reserves located it will take millennia to extract all the lithium needed at current rates of extraction that are still reliant on petro for transport and processing.
This is just looking at lithium without factoring 100% electric utilization. What about all the additional copper that will be needed for the ‘renewable’ energy generation, for transmission and distribution of all that electricity, and for all of the electric equipment and machinery?
Even if people were to significantly lower their energy consumption, by whatever means, the numbers do not work and the environmental impacts would be oxymoronic. The only way this can possibly work is by a massive reduction of consumers. Which is, of course, what the psychopathic ‘elites’ have planned and are executing even as we watch.
Your last two sentences are absolutely their end goals, in a nutshell.
Should have smoked this scumbag when I had the opportunity in Reno…
Wow, tragic; and for what?
Greed. Power. Ego. Take your pick.
In the January jobs report, biden claimed more people are employed under his leadership than ever before and he’s going to keep trying to get more people employed..
This wedge from the federal reserve says there are too many employed people and he is determined to lower the number of people employed.
Now, which one of these two has his his head stuck up in a hole where the sun don’t shine?
We’re in a heap trouble folks
Kneel Kash & Karry ?
What he is really saying is that they are going to lower Americans standard of living and quality of life at the orders their of the WEF and UN Globalist masters.
Watch China and watch us. The moves are quite telling. It seems the banking system is forecasting, or planning, a shadow world war between powers based on the scarce resources needed to sustain our energy needs and technological demands.
Possibly the actual trigger for the Great Reset. Ukraine is but one piece in this puzzle.
why didn’t it occur to Trump, while he had the chance, to re open the gold convertibility window, ie, abolishing fiat currency?!
Fiat currency has been at the root of the economic dislocation since Aug 15, 1971. There was no such thing as an Oil Shock, or an arab oil embargo or any of the bullshit excuses offered, least of all a shortage of oil, a claim so preposterous only an academic could believe it.
Robert Bartley explained it simply in his book, The Seven Fat Years. He noted that after the gold window closed, OPEC held a meeting and told the world that they were very concerned about the impact on their purchasing power of a devalued dollar, so they simply followed gold. He noted that before the oil shock, oil traded at a 12 – 1 ratio to gold; $35 gold, $3 oil, and after the price dislocations over the next year and a bit, the price of gold had quadrupled but so had the price of oil. OPEC simply was maintaining the terms of trade.
“[t]he price boosts were spurred by devaluation; without the inflation to validate them, [OPEC’s] price increases would simply have caused a recesssion and broken the price” (page 32)
In a gold economy, the planet dictates growth, you can’t inflate the money supply if gold being mined is doing so at a steady rate, which it always did. But a ‘restricted’ growth in gold is only part of the equation. Jude Wanniski notes that the Bank of England had relatively little actual gold in its vaults when Newton established the price of the Pound at a specific weight of gold, yet England enjoyed over 2 centuries of absolute price stability because the Bank showed no interest in altering the value of the Pound Sterling, so people were willing to hold paper money instead of the gold that backed it.
In a gold economy, there is no bureaucratic or political f***ing around with the value of the currency, in a gold economy there is no George Soros making a fortune on a bet over the British Exchecor’s [sp?] willingness to defend the value of the Pound.
There is no Wall Street mutual fund business because average people don’t have to throw their money into the ring just to keep up with the erosion of their savings; they can keep their money in their local bank and know that the dollar they deposit today will maintain its purchasing power in the 30 year future in which they will need the money.
“The greatest difficulty in returning to a gold Polaris is ….that the elites who benefit from an unstable money still represent a powerful force for continuance of that instability. Just as there is an enormous industry in the United States devoted to grappling with the complexities of the federal and state tax codes, there is an industry devoted to the world of monetary instability. The hardest part is finding a President who will seek the gold mandate and follow through on it.”
(wanniski, link below).
http://polyconomics.com/essays/esy-950309.htm
All that needs to happen is to remove capital gains taxes on Constitutional money.
Fed’s Kashkari’s left eye is very strange; bad vibes from this yahoo.
Well, I just don’t see this realistically coming off as they ‘determine’ because the pain will be horrific, worse than the plandemic in reality. I only see more anger, frustration, uprisings, regardless of what the economists are watching and planning.
At some point, reality must set in. We are not robots (yet) and I contend that sooner, rather than later, the “FED” and other “WORLD LEADERS” are going to witness something other than their computer models are feeding them.
There will be a reckoning.
By God’s hand, yes there will be.
Energy demand is inelastic. People will use what they need and cut spending elsewhere. Biden wants to triple the cost of energy and that will result in a 25% reduction in real incomes. We are going to have a decade of stagflation. Even if Trump wins in 2024, half the states are doing their own War on Energy in a suicide pact to please Mother Gaia. Cut your debt and your expenses, because hard times are coming.
This ties right in with FJB trying to negotiate/sign the US over to the WHO. The central banks crash the economy. The Bill Gates pandemic special crops up again, the WHO claims they have authority over the US due to FJB signing this document, even though the Senate hasn’t even seen it and must approve it. Lockdowns start to crop up in dem-fascist states with the intent of getting RINO governors to follow suit and put the entire country on lockdown. Creating chaos making the US ripe for more WEF nazi mischief through FJB and the uniparty.
One thing the Minneapolis Fed guy isn’t discussing is the unseen money tied to the fiat petrodollar, i.e. Eurodollars. Regulation Q , put in effect at the time of Glass-Steigel Act, which banned banks from using excessive interest rates to lure people to deposit money in a savings account. This did not apply to international transactions i.e. the Eurodollar was born in the ’60s. All get their “value” from the US petrodollar. It is estimated that there is at least $ 70 trillion in such markets that would become zero if the US petrodollar collapsed. Thus the direction the economy is heading such a collapse is inevitable and FJB needs a way to lock us down and try to stop any protest. Enter the globalists via the WHO.
The Dollar can’t collapse as an international medium of exchange without a replacement international monetary system.
The replacement system is the same as the one that worked from well before the birth of Christ until World War 1.
The exchange of physical gold at a domestic currency floating price is used to ‘periodically’ reconcile trade imbalances between nations. No nation will be able to be in perpetual trade surplus or deficit. The local domestic price of gold manages this flow over time.
All nation’s currencies will simply be used domestically and used to keep track of these trade imbalances between nations. Similar to a bar tab.
In short, your ‘reserves’ will be what your nation produces or has accumulated of value for the rest of the world, not some electronic ledger IOU that must continue to geometrically expand to many times the net worth of the planet.
The same will be true for what is and is not real wealth for you.
So here goes my sh-t post of the day:
I have studied the machinery of power for decades, but reached the same wisdom working in a Las Vegas liquor store:
They want you to be their bit-h.
Don’t.
Develop and self-perfect oneself and help your inner circles do the same, so you don’t have to settle for being someone else’s bit-h.
We fought a revolution to not being the Crown’s bit-h.
It seems they have crept back in over us.
They know that a boiling point exists, where people will only tolerate so much, before mass uprising occurs. A long list of usurpations…
They fear dissent, because it may lead to an uprising before they surround us with an engineered collapse.
And like the French, they want to play with Jacobin BLM lynch mobs, but the financiers might get the guillotine from their own shock troops next time around.
Vipers, and the viperous illegitimates of the 1960’s vipers.
“…den of thieves…”
“….white washed sepulchers, full of dead mens’ bones….”
cross posted at https://freedomaustralia.freeforums.net/thread/3151/minneapolis-admits-goal-shrink-economy
I wonder how long before states realize this “no growth” policy will mean they have to limit the number of people who can move into their state, except, of course, for migrants and refugees?
“Paying down their excess savings”?
WTF does that mean?
The two things that will bring inflation down are the two major drivers of higher inflation.
One: Stop spending more money than we have and quit printing the dollars to cover that excess spending.
Two: Complete construction of and open ALL pipelines then drill baby drill.
It doesn’t take a rocket surgeon to figure out that you can’t lower inflation without those two steps!
I didn’t know the Fed had hired Lex Luthor.
Thank you for keeping us informed. This makes me feel sad and very angry. Trying hard to be calm.
Engineered impoverishment pure and simple.
So I wonder if the so called American people will start to finally wake up and stop the march to hell. Frankly, I’m not counting on it.
Driving the economy into recession will dramatically reduce tax revenues to the government. Since THEY WILL NEVER cut spending, the treasury will have to borrow even more money to finance the government. This in turn means that the FED will have to print even more money to buy the new treasury debt, which of course will devalue the dollar further and increase inflation not lower it.
We are in the death loop now.
If they wanted the economy to get better they need to reverse all of Biden’s executive orders and his laws and get back to Trumps economy. They cannot do that because they have other plans for us and they are not good ones. ie: their so called pandemic etc etc
A government at war with its people.
The goal is the destruction of America, he and others like him are traitors.
I think we should throw them all in a volcano, you know appease Pele the volcano god, science and all.
The central banks are the reason we are in” their” energy jam in the first place. You want to get man back in balance with nature, “mind our own business”. Shut down 10-20 thousand big box, fast food, chain stores, etc. Main Street would blossom, Wall Street would shrink and the (WEF) Wicked Evil Fu_ckers would get their wings clipped.
Everything is fraud.
Sundance, good article, but I would say raising rates has always been one of the Fed’s levers to cool the economy. Higher borrower costs deters investors from seeking debt financing or another source of capital to fund new projects and initiatives. But now we have a twofer by the Fed, to slow demand and economic growth and place oil and gas companies in the center of the bullseye.
Higher interest rates also lower the value of fixed-interest-rate debt.
When combined with a higher real price of inflation, you can lower the future purchasing power of all debt significantly.
This is how this unpayable debt is paid off in a controlled manner that doesn’t result in hyperinflation.
It’s paid off in the form of significantly lower purchasing power than what was promised/planned.
Once you understand that all global debt is an IOU for future energy consumption, it all makes sense as to what needs to happen minus a significant increase in energy generation.
VOO DOO Economics…only offered at Universities that teach Devil Worship 101.
Goodness gracious….great balls of fire.