The Federal Reserve printed roughly $4 trillion between March 2020 and early 2022, expanding its balance sheet from $4.2 trillion to over $8.9 trillion, and Jerome Powell stood in front of cameras calling the resulting price explosion "transitory."
Inflation is a tax. Every dollar created without corresponding production transfers purchasing power from savers to the first spenders. The government and its preferred financial institutions spent those fresh dollars before prices adjusted. You spent them after, at a grocery store already pricing in the damage.
By June 2022, CPI hit 9.1 percent, the highest since 1981. Rent, food, used cars, energy: all of it ran hot simultaneously. Monetary expansion redistributes wealth rather than creating it, taking from your pocket to give to whoever holds newly printed money first.
Powell's "transitory" call was deliberate. The Fed had every price signal and money supply number available. M2 grew 27 percent in 2020 alone. That expansion predicted exactly what followed.
The Fed created this inflation deliberately, financing pandemic-era federal spending that Congress could not politically tax you to fund directly. Printing was the cowardly path. You paid through purchasing power destruction rather than a visible tax line on your return, which is precisely why they preferred it.
@RichardByworth This cycle has been exhausting so needed to take a break from orange pilling — but in the end, sentiment follows price. Everyone gets the price they deserve.
So let me get this straight…
Post something mean on social media or slash a dinghy waiting to transport illegal migrants into the UK: NO BAIL.
Get caught allegedly perpetrating a suspected Islamist terror attack: carry on.
Great Britain has fallen. 🇬🇧
Remember when JD Vance was roundly mocked for speculating on Joe Rogan that parents trans/gay their kids because they want the status that comes with being a protected class?
In 1964, a young University of Michigan anthropologist went to live with a tribe untouched by modernity.
What he found destroyed the noble savage myth.
Then his own discipline spent the next four decades trying to destroy him for publishing it. 🧵
In NY, CA, and MN, home health aide is the most common occupation — its share of employment is twice the national average.
That should raise serious questions about what’s driving the explosive growth of these programs and whether taxpayers are getting what they’re paying for.
So the US military put Ebola into airborne particles so animals could be infected by inhaling air. Vaxxed animals got hurt by inhalable Ebola worse than unvaxxed ones. Tony Fauci blows up, saying it all should have been classified to not undermine vaccine confidence.