2022 BRN Discussion, page-4305

The Fed is a joke, they are like one of those cute little yap yap dogs, except they ain't cute..

They're hoping their words will have the desired effect, because that's the only tool they have left..

Their official interest rate, is currently a 0.25%!!

What are they going to do?
Raise it to 0.5%??

This is the chart since just before the year 2000.


I'm just roughly going off the time line on the chart, but from just after 2008 to 2016, they had 0.25% interest rates.
The last time they started "correcting" the interest rate, or whatever BS term they use for it, from around 2016, they only went to around 2.5%.
This is still an accomodative interest rate!
They are claiming, their economy is booming on 0.25 interest rates!
It bloody well should be!
But they are lying about the stats and they have been, for a long time..

Now, since just before the CV19, US debt (personal and government) and money (currency) supply has exploded.

https://www.reuters.com/article/us-usa-fed-powell-econ-idUSKBN2AN2EM

In the above article, from just February last year! Collin Powell, stated that the economics pertaining to inflation and currency supply, had to be "unlearned".

He basically said, we can "print" (create) as much fiat (which basically means trust the government, we know what we're doing) currency as we like, and it won't cause inflation.

Later he said, the inflation was "transitory"

Now he's saying "farkk we have inflation what do we do??"

If they raised interest rates to even 2% (which they would do over 2 to 3 years!) they would totally destroy their fake economy.

Of course I'm no "economist", I'm just a cleaner..
But read what he said just a year ago, it's good for a laugh

Other than the facts, my opinions only.