Later today, the Federal Reserve will announce their final decision for 2022 on rates hikes to fight inflation that they caused. We will get beck to that after this. If the move is only a quarter point, then our call at the beginning of the year will be valid. We stated that the Fed will pivot. We called for only a half point hike in their last meeting and only a quarter point in this one. So, if they raise by only a quarter point, our early call would only be a quarter point off the actual number. If they raise by a half or more, then we are off the mark and wrong. Of course, the recent inflation data will influence their decision. No matter what they say and "Yellen" Yellen has declared that by the end of 2023, inflation will be subdued. Book it! We do not agree with her. She is now nothing more than a shill. We see civil employees like teachers, police and firemen, all seeking higher wages and this will be a chain to other working groups. Book that!
What we are not wrong on...
...is blaming the corrupt and not elected agency called the Federal Reserve as the primary cause for inflation, the destruction of the dollar and the lowering of our standard of living. It is easy to understand why Congress and the President signed them into existence. The president can finance projects to get re-elected. Congress is nothing more than a collection of egos with a law degree. They have little insight. If anything goes wrong with the economy, they can deflect any blame by casting it toward the Federal Reserve. It is not our fault! It is the Fed! Then, they go into their spiel, "Elect me for jobs and a better economy." They never get into details on how they would fulfill their slogan. This is one of the reasons why America needs a new third party that stands up for American workers. With that said...
Did You Know...
...that in March of 2020 the Federal Reserve exploded our dollar with their printing press. Yes, we know the Treasury is the printer, but the Fed buys everything that they print. The treasury knows and operates with this understanding. It is no wonder that a few years back the Federal Reserve announced that they will no longer publish their money supply. Nevertheless, we do get yearly estimates. The Fed has been steadily increasing dollars since the 1950s. In any economic crisis, they add to the supply. However, in 2007, it jumped. Then, in March 2020 it quadrupled! Did the economy grow by four times? Did your paycheck climb by a multiple of four? And our debt is off the charts. It grows by 7% yearly. Again, we ask, did your personal wealth grow by that percentage?
No! Of course, not! However, we have more hack scams, more street crime and more people homeless. The only industry that is growing is food banks. Can you begin to see the big picture. When we end this piece, will you join us in our meme song? Continuing...
It is so bad that the Fed does not know how many dollars are outside our border. They have lost control of the currency. If their institution was audited, they would be declared bankrupt. Their excessive control over our currency and money supply is central to the founders thinking in framing our nation. They new that a hard currency cannot be manipulated. They chose precious metals as our root to develop our nation. It is in the constitution. The Fed was formed by politicians under the influence of money from big banks. Their money is fiat. Who would you rather trust?
Milton Friedman stated years ago, "Any increase in the money supply will show up in inflation." It is no wonder that they hold this insightful economist in low esteem. We say that he is correct. It also lowers the value of each dollar and thus, our dollar buys less and our standard of living decreases. When you add each action by the Federal Reserve, you can see the results in your own life and on the street. It is why we say and ask you to join us in chorus, End the Fed!
