Posted by dragonfly28 on 31st of Jan 2023 at 04:53 pm
@retirefire - yes, the clown show in washington is
following a 1930's script - shrink the money supply and raise
interest rates to create more layoffs and slow the economy.
At least Bernanke had some of it figured out.
Inflation this time around is not from the demand side of the
equation. It's caused by supply scarcity, some of which stems
from global supply chain interruptions. Higher Interest
rates will keep pushing demand down forcing people are out of work
- just brilliant!
Posted by diabloblanco on 31st of Jan 2023 at 05:03 pm
You'd think it would have to be intentional because nobody is
incompetent enough to screw up absolutely everything and if it's
intentional they're doing a great job of driving the masses into
poverty . Some where I heard "you'll
have nothing and be happy"
During the great depression there was a lot farmers or people
had family that had a farm ,,, not so much this go around
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@retirefire - yes, the clown
Posted by dragonfly28 on 31st of Jan 2023 at 04:53 pm
@retirefire - yes, the clown show in washington is following a 1930's script - shrink the money supply and raise interest rates to create more layoffs and slow the economy. At least Bernanke had some of it figured out. Inflation this time around is not from the demand side of the equation. It's caused by supply scarcity, some of which stems from global supply chain interruptions. Higher Interest rates will keep pushing demand down forcing people are out of work - just brilliant!
You'd think it would have
Posted by diabloblanco on 31st of Jan 2023 at 05:03 pm
You'd think it would have to be intentional because nobody is incompetent enough to screw up absolutely everything and if it's intentional they're doing a great job of driving the masses into poverty . Some where I heard "you'll have nothing and be happy"
During the great depression there was a lot farmers or people had family that had a farm ,,, not so much this go around