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  • How the Fed mishandled 40-year-high inflation

    From aheadoftheherd.com

    Several months after the US Federal Reserve began describing the country’s inflation problem as “transitory”, the central bank is finally admitting that rapidly rising prices of goods and services are a serious threat to the American economy and its recovery from the coronavirus pandemic. The problem is the Fed’s response, three modest interest rate hikes by the end of 2022, lifting rates to between three-quarters of a percent to 1%, is woefully inadequate for this level of inflation. Arguably the Fed has been “behind the curve” from the beginning. It should have foreseen that half a trillion dollars in ... (full story)

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  • Dec 19, 2021 11:01am Dec 19, 2021 11:01am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1,347 Comments
There is something else here that is potentially bothersome. Democracy or not, the stage is set to relegate the bulk of society to slavery, while the wealth of those at the top continues to grow exponentially. The FED "handling of things", the disconnect of the currency of nations from gold,....it is all part of the elite wealthy taking control of the wealth of the world, using it to enrich themselves and enslave others. They are so arrogant that they believe a BULLSHIT apology....."we take full responsibilty for (whatever)".....is all that is due others.

The TARP program, pushed by ex-CEO of Goldman Sachs onto Congress, effectively saved the Robber Banks.... whose marketed mortgage derivatives collapsed the world's economy....from all financial harm. It passed the total bill onto the "general population" and their future offspring! In the following years, these hard working non-elite, now burdened with the debt created by the Robber Banks, lost jobs, health insurance, homes, marriages, etc. The Robber Banks took possession of vast amounts of real estate in default and were not even held responsible for upkeep. The blight in cities spread. Some cities went bankrupt. Republican Mitt Romney applauded the profits he was making as a result of being a raider of corporations, shutting them down, moving production to China......never mind that USA cities were wounded, even collapsed.

It can easily get worse now! USA corporations are on track to eliminate MOM & POP competition. Privately owned businesses are folding. Citizens will have to crawl to and beg for work at these corporations, as they systematically eliminate any other choices. The hard working general population gets SHIT for wages, while the wealth of those at the top becomes OBSCENE! What does the "government" do? It does what the big money corporations that support the government want (read this as "We control who gets elected, so do what we want!). More are losing homes! More private businesses are closing! More personal freedoms are gone! The government can dig into your private life thru your phone! It can keep your car from starting! It can freeze all your bank accounts!

Slavery is just around the corner. The stage is set. New Trillions have already been printed and passed onto the "entitled wealthy". Not a dime was used to establish a more equitable work/pmt for work system! Not a dime was used to prevent the collapse of private businesses! And the bill for the trillions passed to the already wealthy is levied.......once again, just like TARP......onto future generations. The wealthy will easily handle it, since much of their wealth get put where it is tax free. Most of their "incoming" money is less taxed because they set it up as "loans", not real, taxable income! They even get tax deductions from the interest on their "loans"! Nope, just like with TARP, the wealth get off becoming richer. The rest slide deeper towards outright slavery!

What is there left that can STOP this? Only ETHICS, INTEGRITY, EQUITY and LOVE FOR EACH OTHER! Corporations are becoming EVIL, tossing aside all that is good in the soul of MAN in their quest for riches and control of the world. They need to be stripped from their positions of power. Their wealth needs to be stripped from these money worshipping evil folks and used to rebuild the infrastructure of nations where ALL have it BETTER. Alas, and the currencies of nations need to be repegged to the value of gold! Anything else is prostitution of a nation's wealth, and the evil, greedy money worshippers will again step up and work to pimp everyone and everything to the benefit of themselves!
 
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  • Dec 19, 2021 8:27pm Dec 19, 2021 8:27pm
  •  Prof.Trader
  • | Commercial Member | Joined Jan 2018 | 712 Comments
US Embassy on Iraq was attacked by Rocket.
Source:
Inserted Video
 
 
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  • Dec 20, 2021 6:21am Dec 20, 2021 6:21am
  •  turnip15
  • Joined Sep 2006 | Status: Member | 366 Comments
Quoting traderathome
Disliked
There is something else here that is potentially bothersome. Democracy or not, the stage is set to relegate the bulk of society to slavery, while the wealth of those at the top continues to grow exponentially. The FED "handling of things", the disconnect of the currency of nations from gold,....it is all part of the elite wealthy taking control of the wealth of the world, using it to enrich themselves and enslave others. They are so arrogant that they believe a BULLSHIT apology....."we take full responsibilty for (whatever)".....is...
Ignored
Or they ( the so called elite) can start economic wars/sanctions and steal the wealth or curtail competition of other countries?
 
 
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  • Posted: Dec 19, 2021 8:30am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 971
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