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Fed chair Powell slammed the “panic button” this week. On Wednesday the Fed began a rate-cutting cycle in an environment of rising unemployment. This situation is historically associated with recession, but Powell is desperate for you to think that “this time is different.”
Some so-called “experts” are pushing for the removal of cash. Here’s why this threatens the economy and drives society even further away from freedom and sound money.
Full-time jobs are shrinking while part-time positions rise. With recession alarms blaring, the Fed only has two choices: create inflation or cause recession.
Yet again the myth of a “soft landing” even as the CPI surges past its target. Powell is now keen to extinguish the fire though disastrous rate cuts, a sign that the recession is already here.
True economic growth doesn’t come from inflation or regulation but from entrepreneurs who cut costs and drive industries forward. But as inflation quietly eats away, those who get the new money first enjoy a temporary gain, while everyone else suffers from rising prices and shrinking buying power.
While bankers claim inflation is under control, the rising price of gold signals deeper concerns. Meanwhile, central banks quietly hoard gold to shield themselves from their own expansionary policies. One must wonder: what are they bracing for?
The US economy is struggling with rising unemployment, inflation, and declining purchasing power, fueling discontent among Americans. A critical choice looms: continue on the current path or shift to pro-growth policies.
Government bailouts are surging, converting temporary bank-created money into permanent inflation. This inflation hurts the poor and benefits well-connected banks, driving inequality.
The commercial real estate market is showing an “urban-doom-loop”, and Washington’s monetary policies are fueling the flames, pushing investors and banks to the brink. Will the government’s interventionist approach spark an economic catastrophe worse than 2008 that exposes the true cost of their reckless actions?
Mainstream economists dismiss Modern Monetary Theory (MMT) as outlandish and absurd, yet ironically, they share core beliefs which are frighteningly similar. MMT is now showing up everywhere in mainstream economic views, and this could spell disaster for the economy.
