In recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That’s the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for an end to the extraordinary levels of monetary and fiscal stimulus provided in the depths of the pandemic. The central bank must now raise interest rates at a fast pace to combat rising prices, potentially dampening economic growth in the U.S. The Federal Reserve was contacted for comment but is in a media blackout before the expected rate announcement later today.
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How The U.S. Made Inflation Worse
source
so we should take some money out of circulation lol
My portfolio has grown tremendously all thanks to my trading manager for the help💯
Printing federal reserve (promissory) notes without gold or silver backing is the basis for inflation. The rarer and more valuable the medium of exchange the more buying power it has and the less of it is needed to buy goods and services.
So long as the money was redeemable in gold, the amount of money that could be created was limited thus giving it more buying power.. The United States is basically printing counterfeit money to spend. Printing money to hand it out, printing money to finance war, printing money to pay debts etc.
yes.
Let's not act like this wasn't very meticulously planned.
Joe pump more money….
Time for the clawback on all those dollar denominated assets grown for the last 20 years. Helicopter money to asset buyers Now they are going to punish the poor and middle class when the layoffs come.
Raise taxes, raise interest rates drastically, run off the fed balance sheet and flush all the extra money out of the economy. The only fix right now to this problem. Short term pain but long term gain
Disband the Fed, balance the budget and go back to the gold standard. A bunch of zeros running the government!
Hi folks,,have you notice what's common among chairmen of the FDIC ,,,when they ff** up big time,,they always seems to have an answer..for the biggest ff** up of all time..!
Alan Greenspan""" remember what he
said in the hearing,,
I was wrong..he said..yess he did..
After he destroyed the lives of millions of Americans…2008..the Buble burst,,I believe it was the biggest theft legally by the FDIC chair…!!! If u watch it,,he said it so casually,like he bought the wrong sh*****..!!!
F..federal.
D..deposit.
I..insurance.
C.corporation.
All u need to know.
Hhhhhhooooo 🥱
Hhhhhaaaaaa.🥱
@ 1:53 that women says it perfectly! But that needs to expand to our government in general. They keep taking money from hard working people and giving to those who do not wanna work. It makes me sick and just say to myself, why am I putting myself through stress when I can get a minimum wage paying job and use government programs to get extra money.
I doubt they missed it.
Was that “Chick” Caitlyn Jenner?
from 80tk per dollar to 110 per dollar in just two months..Dollar is really scary😣
"The US" made inflation worse?… Or the Occupational Class (Which by the way is illegitimate) made inflation happen where there was none before?
Dude just print more money! Give us a stimulus check too. We need more money. Lord knows the jobs sure ain't gonna pay more. You'd think they would know prices are up on everything, but it's like they don't know their employees are paying 30% more for the same items as before 2020. By items, I mean food.
Great true story-book title-"Cowboy Mafia "…
It's always good to hear your perspective. When it comes to investing, people who have a financial plan are more prepared to meet the unexpected. Been into the experience since 2016 and I've accumulated over 1.6 million.
These crooks beating around the bush pretending like they didn't know the issue from the start, there has NEVER been a single time in history where the money supply was doubled or tripled and the value of that currency didn't crash. This effect will not be as profound as, say, the Weimar Republic, because the US dollar is the world reserve currency. Because the holdings of the currency is so widespread, people in other nations will absorb some of that inflation. The most likely scenario is a recession, perhaps worldwide. The fairness of stealing money from the hands of the poor and giving it to oligarchs in a reserve Robin Hood move is a different matter entirely…
The worst part is J Powell doesn’t even have a degree in economics.
It’s too bad a lot of it was stolen
we made it worse because we're morons…this was set in motion in the 70s…Volcker fixed ir once and gave us a do over and we blew it
very good video
Sorry but there are some stupid people in the Fed.
Why do i have this feeling that this so called inflation is only affecting the ill informed Americans, I've been reading up on recession and the market, apparently both bull and bear market condition provides equal avenue to accrue massive gains, I'm tired of trial and error and want to experience what it feels like to have $1,000,000 before I quit my job.
S-L-O–W. That's right, Isn't the
job of Jerome Powell, and the
ever slow Yellen, who admitted
so that the inflation was 'transitory', likewise the Recession too??
When such a thing as 'meme stocks' are possible at a time when everyone is unable to work, you know there is too much pressure in the money supply, looking for somewhere to go. Now the Fed is trying to claim that they don't understand how inflation is created? Give us a break…
Inflation fighting Democrats don’t care, it’s free money for everyone till the dollar loses more value down the road then services go down
that's it to use all the money to buy tether and stake it might help a bit
It’s amazing how these economists and politicians can say “ next time they give money away don’t be so quick to take it “ but yet they were the ones who were given the most monetary incentives. The everyday American who needed stimulus to pay bills didn’t create inflation. It was the politicians who claimed state of emergency everytime COVID numbers jumped and gained access to emergency funding. It was big business who claimed PPP loans that were “forgiven”. Imagine forgiving 100 companies that each took 100 million each from our govt but Blaming it on the everyday American that received $600 extra in a check lmao. This is a joke.
All propaganda
Most of this inflation is domestically made. I said 3 months ago, watch when Exxon Oil and Chevron report RECORD PROFITS. Yesterday, Exxon reported the highest ever quarterly profit, 19 billion dollars. In the past 5 months, it's been so easy for any company to simply RAISE prices without suffering any blowback from the citizens. So, they DO IT. When are when going to catch on.
How The Democrats Under Joe Biden Made Inflation Worse. There. I fixed the title for you CNBC and I will remember who's fault it is in November.
This video is so bad. The fed is to blame for keeping the interest rate at 0% for almost 10 years, but the FED DOES NOT ISSUE BONDS! The US Treasury is issuing them in order to fund social programs and other deficit spending. The FED is to blame for eventually buying the bonds from the primary banks effectively monetizing government debt.
Wars always benefited USA but now it is coming back…
Dollar will not dominate international trade after a decade
This video is two months old from where i watched it and it already didn’t age well
And now we are gunna raise taxes during a recession…. You can not make this crap up
I think the term is "Kick the can down the road".
Stupid cancel culture, we're already in a recession.
#GoldBackedDollarNOW!!
NO MORE PRINTING money out of thin air! It devalues the value of human lives!
Just imagine you God given life depending on "Paper" printed by banks!
Solution: God given life must be backed by Natural Gold. Human lives must NOT depend on "Artificial" items created by other humans! Its EXACTLY like Slave trading! One human deciding the value of life of other human. That is CRIMINAL!
The MOST IDIOTIC idea EVER!! Moving away from Natural resources backed currencies. The whole economy is F'ing Artificial now!!
Inflation is also caused by Custom duty imposed on Chinese goods by Trump
Amazing I did it You made my day Thank you!!
It'd be great to know ways to make the best out of these crashing markett, I mean I've heard of people that netted hundreds of thousands during these times, someone I listened to on a podcast earned over $250K in less than a month, what's the strategy?
With inflation currently at about 10%, my primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy asap.
Gee… Who could have possibly seen any of this coming? It's almost like what Ron Paul has been saying for 5 decades was right or something. What an idiot he was.
<Market makers like to do the complete opposite of what retail thinks is gonna happen, sure a fakeout looks possible, but what if that’s exactly what they want us to think. Imagine the big boys run with the money because we are simply too ‘scared’ to buy in because we expect a fakeout. All thanks to Alice vanesha as I have made over 14btc from MARCH till date. Her trading skills is exceptional.
Oh now it’s vogue to address this? Indeed the the moronic Covid policy and unelected Joe Biden and Biden’s destroying our energy independence based upon the idea of the idiotic Green New Deal. Dismantle the Fed and allow for a true free market—true Austrian economics. The lesson from history is that we learn nothing from it! CNBC and all the legacy media was so focused on Trump and the plandemic and all the other half baked ideas pushed by our uniformed and unelected so called leaders. This piece by CNBC is a 101 in common sense. Truly common sense is the rarest and most needed commodity!
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.