Janet Yellen Admits Joe Biden’s Actions Have Caused Soaring Inflation

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[–]Canbot 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (3 children)

Of course she is going to blame everyone but the central bankers.

In reality all we have to do is repatriate the tens of trillions that was printed and pocketed by the bankers. Perhaps cleans the world of the burden of them in the process. We can easily have a hundred years of prosperity before another group becomes powerful enough to fleece the world the way they do.

[–]VaginaDischarge 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

She wants democratic socialism which prints up trillions of dollars for social programs. Only the social programs fund the big corporations that gave them campaign money.

[–]magnora7 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

They print 60% of the money supply in just a couple years because it's an emergency and then are "surprised" when massive inflation hits and blame it on the current puppet in office. Now they're slamming on the brakes by massively raising rates, and it's going to crash the stock market.

It's so dumb it almost looks intentional. It may just be. Maybe they'll just keep raising rates while "bailing out" the stock market and we'll go back to status quo? But the housing market is still going to take a hit if rates go up, and that's what triggered 2008.

Big mess.

[–]portace 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

it is intentional

seems like the wheels are in motion for doomsday

[–]Brewdabier 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Well if Ford had big problems it's the CEO fault and if my car goes into a tree it's my fault. The president is responsable for all that goes on while in office.

[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Of course direct supply and demand isn't the only factor, markets are irrational and largely influenced by public sentiment. The Biden Admin and DNC's market fear causing rhetoric and political policies, such as implying a war on oil, pushing for corporate taxes, trying to legislate even more massive spending, and authoritarian Covid rules forced on businesses, do have a large impact.

Market sentiment tends to cause a wag-the-dog effect, where expected upcoming changes to the market, start being reflected in the value, before they happen. For instance, in very general terms, fears of inflation, will cause increased spending to prepare for inflation, rising demand, and in turn causing inflation.