By A Texas Reader
thu, mar 23, 2023 10:39 p.m.
Edward Dowd: fed raising rates would be a willful demolition of the banking system
https://www.infowars.com/posts/edward-dowd-fed-raising-rates-would-be-a-willful-demolition-of-the-banking-system
Heard an ad on the radio on my drive home tonight.
Local coca-cola bottler has an immediate need for employees.
Full benefits including health insurance plus 401(k).
Ad been running on “classic rock” station for weeks now.
Why?
https://www.cocacolaswb.com/careers/
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4 comments:
I've said it before,but I believe the invasion of foreigners has stretched this country's resources to the limit,causing inflation.Mexicans don't produce what they consume,in general.Those that work on a farm may be thought of as productive,but the vast majority aren't harvesters--they're criminals or leeches on our system--and they buy goods with "bad money"(welfare or drug dealing)which squeezes the food prices up.
Inflation:Too many people(too much money) chasing too few goods.
--GRA
There is no shortage of fiat dollars, they can create as many as they want.
Also there are ways to provide banks and financial institutions with liquidity.
No one cares about moral hazard or the Fed's balance sheet anymore -- and no matter how much money the federal govt wants to spend, they never speak of any moral hazard there, although it's obvious how the power to spend as much as they want has corrupted the people running Wash DC.
So every bank in trouble could be saved, but they aren't -- during every financial crisis, sacrificial lambs are allowed to fail.
SVB was allowed to fail -- why?
Why is it seen as necessary to raise rates so aggressively? -- oil prices, allegedly the driver for inflation, have moderated/fallen since the start of the Ukraine war -- so what is now the main source of inflation? -- is it the consequence of years of deficit spending? -- do they want to deflect or distract from that? -- how will it be possible to control inflation if the govt continues its massive deficit spending?
The dollar is the key.If it's discarded as the lead currency(which I've read about, for years,will happen),inflation will REALLY explode.China and Russia have been attempting to orchestrate such a scenario,with little success so far.
--GRA
"China and Russia have been attempting to orchestrate such a scenario"
BRICS. Brazil Russia India China South Africa.
Dollar in 1945 the only real stable currency in the world. So good reason it being chosen as the standard at that time. But times have surely changed.
Not that BRICS will be a whole lot better I venture.
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