“..contrary to history, the Fed is refusing to raise rates to stem inflation—falsely claiming it is only a “temporary” blip. They have always let rates rise before with high demand, but not now. Something different is going on, which tells me there is a nasty agenda afoot.”
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World Affairs Brief, May 14, 2021 Commentary and Insights on a Troubled World.
Copyright Joel Skousen. Partial quotations with attribution permitted. Cite source as Joel Skousen’s World Affairs Brief (http://www.worldaffairsbrief.com).
HIGHER INFLATION IS HERE—AND IT WON’T BE SHORT-LIVED
Federal Reserve chairman Jerome Powell had to acknowledge signs of higher inflation but said he won’t be raising interest rates because this bout with inflation will be “short lived.” This week I will tell you why it won’t be short lived and why the Powers that Be (PTB) actually want a damaging period of inflation as part of their drive to undermine the private economy, discredit free markets and further induce people to demand more socialist controls and higher taxes on “the rich.” Ironically, the middle class could soon find themselves in the higher tax bracket as inflation drives incomes higher. By artificially keeping interest rates low, the FED and member banks are systematically denying people’s savings an honest return on their money, and inducing many to seek higher returns elsewhere, in either stocks or cryptocurrencies. Gold and silver, the traditional hedges against inflation are under continued and constant manipulation in order to keep their prices stagnant, which is also driving even more money into the bubble of stocks and cryptos. Continue reading “Skousen: High Inflation Is Here, and It Won’t Be Short Lived — A nasty agenda afoot! …allows Dems to decry the not-so-free markets; blame them, and induce people to demand *price controls*”