Fed Rate Hike Won’t Fix Inflation, But It Will Make You Even Poorer

Andrew Anglin June 16, 2022

Imagine that these people told you that inflation wasn’t real, then that it was transitory, then that it was good, then that it was a crisis – and now they’re going to cause a recession or depression to do something that won’t actually even fix it at all.

RT:

The US Federal Reserve has announced a 0.75% interest rate hike, the largest increase in 28 years, as the central bank’s chairman stressed the need to avoid a recession and tame runaway price inflation.

The Fed’s Open Market Committee announced the decision on Wednesday, saying it would raise short-term rates by 75 basis points in a move aimed at reducing inflation to 2%. Prior projections suggested that figure could reach 3.4% by the end of the year.

“We’re not trying to induce a recession now, let’s be clear about that,” Fed Chairman Jerome Powell told reporters following the committee meeting, but noted that spikes in certain commodity prices could “take the decision out of our hands.”

You are obviously trying to induce a recession.

There is no other explanation for this series of events.

I believe a lot of people making these decisions are not nearly as smart as they think they are, but they are not this stupid. No one is this stupid.

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I hate to tell you this again, but I said in March of 2020 that shutting down the economy for coronavirus and printing all the money to manage the shut down would lead to hyperinflation.

There is no way to stop that now – we are going to go into hyperinflation at some point.

The logical thing for the fed to do at this point would be to double-down on inflation to prevent the recession – but no, you’re getting both. Mass inflation (that will ultimately lead to hyperinflation) and a recession/depression.

As crypto people discovered this week, that is far from a stable “hedge against inflation.” I still think crypto is going to work well in the long run (well, Bitcoin, not the crypto market on the whole), but allowing these bubbles to simply continue to grow would have been the best option (if these people weren’t evil and this wasn’t all on purpose).

The rate hikes are decimating the stock market, and they are going to do something to real estate prices. They are hitting you from both sides, so there is literally no way to maintain wealth. This is basically a communist type program of transferring all wealth to an elite minority of primarily Jewish overlords. BlackRock and Vanguard are just going to own everything when this is over, because there is simply no way to store value.

Maybe real estate is a better bet than crypto if you’re comparing the two in a vacuum, but the property can be seized. With this “seize the Russian boats and villas because they are bad people” now the norm, there is nothing stopping them from just declaring that they are going to steal your property because you’re a bad person.

All of this is very clever, I’m sure.

There’s just one catch: destroying your own economy like this simply does not make sense when you failed to do your world government project. They are doing everything brilliantly in terms of making everyone in the West poor and transferring all of the wealth of the middle class to the tiny elite. But how is a country that did this going to compete with China and Russia (and their allies), who are not doing this?

Basically, my analysis is the only analysis that holds: they thought they were going to get China on sides, that didn’t work out, but they just went ahead with the domestic project anyway, which means China will become the dominant global power while Western nations are useless shitholes.

This speaks very much to the verses throughout the Bible about God turning the plans of evil men against them.

The funniest thing about this whole inflation crisis and maybe the funniest thing going on right now is that the Democrats have devised a narrative about greedy corporations being responsible, and appeared to claim at points that there isn’t even any inflation, and that greedy corporations are doing price-gouging.

It’s always surreal to be scrolling through Twitter and find someone with a Ukraine flag repeating completely nonsensical gibberish. This one really got to me.

That says that the GOP is involved in a conspiracy with the corporations to price-gouge people, and that this rate hike will prevent that. The massive money printing is not even a part of this new narrative.

Anyway – get ready for a wild ride.

The Bitcoin sell-off didn’t worsen yesterday, which is a good sign. If it drops to maybe $18,000, then a bunch of huge holders get liquidated on margin calls and it drops to like… $3,000? I don’t even know.

Obviously, these big Jews want to own all the crypto too, so they’re going to get the price as low as they can get it. You’ll recall that for two years I said that I thought there was going to be a drop to $20,000 at some point, and that this is probably the lowest it can go.

Michael Saylor is claiming that he’s not going to get margin called, but a lot of people are saying he’s lying. Tesla also has huge unrealized losses.

This Elon Musk tweet is getting a lot of play:

It would be pretty weird if that was a coincidence and he was just joking around typing random numbers. But it would probably be even weirder if he actually predicted these prices. That would mean he’d have to be some kind of wizard.

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