The Federal Reserve is deemed capable of controlling inflation with monetary policy. If the Fed is so good at these things, why are we experiencing inflation today? If the Fed can roll back inflation, does if not stand to reason that they can prevent it from occurring in the first place? When in the past has the Fed rolled back inflation? The only situation ever mentioned is during the early 89s , Chairman Paul Volker raised interest rates to astronomical levels. Taken at face value, it appears that what Volker did, did the trick. Were there other contributing factors? Yes, there were…. and those contributed more than anything Volker did.
During the early 70s, the economy had stagnated. The productivity of labor had stagnated. The economy was at a bottle neck. New technology was not emerging. New money in the economy had no impact. There was in fact too much money chasing too few goods. Production of goods was what was lacking. A central bank can add money to an economy. It can’t issue a directive forcing industry to produce.
As the 80s rolled in, new technology began to emerge. The mobile phone industry was born. Home computers came into vogue. Industries began computerizing. Microsoft took over with a new operating system. The economy began growing by leaps and bounds. With new technology, one unit of labor could then produce more and more in shorter periods of time. These were all deflationary forces. This had more to do with containing inflation than anything the Federal Reserve did.
What has the Federal Reserve been doing in the recent past? It has been carrying out political agendas on behalf of interests with massive wealth and political power. Massive increases in the money supply have been used to make sure natural deflationary forces did not lower the overall price level. The effect was to keep profit margins high. Labor lost its natural productivity bonus. Financial markets were elevated. The rich got rich and the poor got poorer. Eventually we got to where we are today. There is so much political money in the economy that it can no longer carry out the political goals it is presented with.
The agenda has now changed. Inflation has been created as a means of allowing the rich to keep what they have. More so, Inflation buries the debt of all who have over – borrowed. Nowadays, Fed dialog with respect to halting inflation is strictly for the consumption of the overall population.
It sure is taking a long time to confirm the election! It seems that ur prediction and Martin Armstrong’s is about to come true – i.e. a fraudulent election tht no one will have faith in is about to come true!!!
Voting today is a ritual, It makes folks think they are doing their part. The vote has been neutralized. A good candidate successfully tells voters what they want to hear. He wins and the public gets outbid with respect to representation.
What Americans want from government is guidance for their lives and a guardian. They get that from either party.
I don’t see any demonstrative action on the part of conservatives. Why should any do that? After all, they voted and that makes them a good American.
All except those who speak out, have accepted censorship. Democracy doesn’t function w/o constant tension between government and the people. It won’t work without division. So, this isn’t going to be good no matter who wins or loses.
Without division, democracy morphs into a totalitarian system.
That being said, beforehand as of late, I was expecting a Republican sweep, So, that didn’t happen. But, I am happy to accept awards and certificates for anything else I foretasted that did occur.
I agree but I really think the Democrats are stealing yet another election. It’s true the Republicans aren’t particularly awe-inspiring but historically when 75% + of the public says they don’t like the direction the country is heading the opposition party tends to win fairly big.If this is a referendum on 8% + inflation, trans/gender confusion indoctrination for grade school kids, pointless foreign wars etc, etc the Democrats should’ve gotten slaughtered in this election. I think the legacy of this election will be that mainstream, middle America will lose faith completely in the electoral process. I’m just trying to brace myself for what comes next because I’m sure it’s going to be a very bumpy ride.
Whomever controls the house and senate may be the unfortunate ones. Folks are likely to lose faith in whoever is in control. Whatever the issue, the party in power , is going to look very bad. Surely something will happen between now and 2024.
The American mindset is the problem. Right now is “democrats are bad. so we need republicans.” The fact is, we serve our government. Every bill that passes increases government spending. That is what lawmakers do. They pass bills on behalf of those who provide their political essence.
There is no sign of this stopping regardless of who is in control.