The French government has announced its plan to fight #inflation by spending 100 billion euros to help the people afford to pay higher prices. This is like trying to lose weight by eating more junk food. When inflation gets worse the government will spend more to fight harder.
@PeterSchiff Although, agreed that the Feds have collectively pushed the economy to the brink of another disaster… blaming Bernanke alone for this mess wouldn’t be fair. Have witnessed the financial crisis of 2008 very closely and he did much more than what one might expect from the feds…
The U.N. has urged global central banks to stop hiking interest rates to avoid a global #recession. Why didn't the U.N. warn central banks that QE & zero percent interest rates would unleash devastating #inflation. Cutting rates was the problem. Raising rates exposed the problem.
@mtmalinen The greed… we are in the same cycle expecting different results… if only, the crash is going to be harder than 2008…
Many people will lose their hard earned money, markets will become a living hell… and feds will simply stand by watching it all burn down to ashes.
BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care
Airbnbs more expensive than hotels
Ubers more expensive than taxis
Netflix now acting like a cable company w/ ads and less binging
This is the “new” economy
Biden celebrating record-high inflation as a "great day" as he fumbles through an embarrassing speech while the Dow TANKS live on-screen is the defining image of the Biden Administration
UNREAL.