Guest Post by Paul Craig Roberts
The Federal Reserve has a long record of mistaken decisions. Unless the Federal Reserve’s intent is to collapse the economy, the current policy of higher interest rates will go down as the most mistaken reading of the economy since the Great Depression.
Prices are rising sharply in Germany, UK, and Europe, but not because of an increase in money creation. They are rising because US Sanctions against Russia have reduced the supply of energy and disrupted transportation. Supply reductions have driven up prices of everything dependent on energy and transportation.
The US is not experiencing these problems to the same extent. Energy prices have risen some, because the companies are taking advantage of the situation.
In the US higher prices are due to shortages resulting from the lockdowns that closed businesses and broke supply chains. In America’s global world, problems abroad restrict supply here. The point is that the inflation is not a monetary inflation. Therefore, the Federal Reserve’s policy of raising interest rates is nonsensical. Higher interest rates just add to costs, shrink supply, and mean higher prices.
If the Federal Reserve actually knows what it is doing, it is intentionally trying to cause an economic collapse, which makes me wonder if the Federal Reserve is in league with Klaus Schwab’s WEA plan to cause crises that can be used to establish heavy-handed rule.
The latest news in the US, if not fabricated, is that consumer demand is collapsing. Federal Express reports that its business is hurting because orders are declining. Merchants report that consumer traffic is off. The real estate market has been brought to a halt. It is mindless for the Federal Reserve to raise interest rates in the face of collapsing consumer demand.
So the real question is: what is the Federal Reserve really up to?
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What are they up to? practicing involuntary forced conversion of their political and ideological beliefs through coercion.
…JPOW, Inc by definition is nothing except another tool of Congress who practice proselytism to win new converts by deconversion
Great Reset. I thought it was obvious by now.
Indeed – to build back better you must first destroy what once was
The first object is to force foreclosure on the 86 nations that accepted credit from the IMF [read Rothschild New York bankers] as part of the Great Reset domination of the world under Rothschild bankers.
They’re trying to change/replace the POTUS, just as they did in 1992.
/only part sarc
Everything is fine niggers are in every tv show and commercial with their white wives and mulatto children. We have arrived in utopia.
Never forget that the Federal Reserve has nothing to do with the Federal Government. It doesn’t operate for the benefit of the USA or its citizens, it works for the benefit of its owners.
Ref.
THIS IS OUR BANKING SYSTEM
That’s the same owners that want us dead by several other means.
This guys knows CRAP about economics. Inflation is always … always a monetary phenomenon.
How can it be about anything else?
Explain that to the masses. Sorry. I know better.
True. Otherwise, it’s not inflation, it’s increasing prices. But the media, the government, and almost all Americans think increasing prices is the definition of inflation. Tell them it’s not and watch the blank stares. The Fed intentionally confuses the issue by setting a 2% “inflation” target as measured by the CPI (i.e., increased prices), which is a massively manipulated number anyway (see shadowstats).
Lots of things can increase prices apart from monetary inflation, and monetary inflation (at least theoretically) doesn’t necessarily lead to increased prices. I think PCR is partly right in that much of the increase in prices seen this year has been caused by things other than monetary inflation; but to claim that the increased prices have nothing to do with monetary inflation is … questionable at best.
Here’s monetary inflation:
https://fred.stlouisfed.org/series/M2SL
Exceptional! Thank you
We’re five steps ahead of you, Paul…
Because White people are dumbass, virtue signaling, easily pwnd fools who don’t deserve a Nation of our own ?
This radical Right fairy tale, which is now an accepted folk myth in many groups in America, pictured the recent history of the United States, in regard to domestic reform and in foreign affairs, as a well-organized plot by extreme Left-wing elements … This myth, like all fables, does in fact have a modicum of truth. There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the Radical right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other group, and frequently does so. I know of the operation of this network because I have studied it for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies… but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.[28]:949–950
Carroll Quigley Tragedy And Hope 1966
“Hitler’s real quarrel with the capitalist and Marxist system alike was that they stopped things from growing. They were concerned not with creation, but the one making with making the quick profits and the other with establishing an unnatural and sterile uniformity. Both were destroying quality throughout the world – the quality, not only of things, but , of what was far more serious, of men and women”
Arthur Bryant – Unfinished Victory (1940)
https://archive.org/details/ArthurBryantUnfinishedVictory1940V1/Arthur%20Bryant%20-%20Unfinished%20Victory%20%281940%29%20-%20v1
“I do not believe that this primal difference between gentile and Jew is reconcilable. There will be irritation between us as long as we are in intimate contact. For nature and constitution and vision divide us from all of you forever . . . I have no doubt that when Germany and England and America will long have lost their present identity or name or purpose, we shall still be strong in ours . . . We have joined your capitalistic world in deliberate emulation and rivalry: yet Jewish socialism and Jewish socialists are the banner bearers of the world’s “armies of liberation.” . . . But you feel our disruptive difference most keenly, most resentfully, in our deliberate efforts to change your social system. Seen in the dazzling lights of your desires and needs our ideal is repellently morose . . . Because your chief institution is the social structure itself, it is in this that we are most manifestly destroyers. We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands.”
You Gentiles
By Samuel, Maurice, 1895-1972
https://archive.org/details/YouGentiles
“The Nazis came to power in Germany on 1933, at time when its economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Yet through an independent monetary policy of sovereign credit and a full-employment works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies it could exploit, into the strongest economy in Europe within four years, even before armament spending began. “
Henry C K Liu
World Order, Failed States and Terrorism
PART 10: Nazism and the German economic miracle
http://henryckliu.com/page105.html
“ World War II ended the “depression.” The same Bankers who in the early 30’s had no loans for peacetime houses,food and clothing, suddenly had unlimited billions to lend for Army barracks, K-rations and uniforms! A nation that in 1934 couldn’t produce food for sale, suddenly could produce bombs to send free to Germany and Japan!… Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the
German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today. ”
Sheldon Emry
Billions For Bankers, Debts for the People
https://archive.org/details/Billions20for20the20bankers
The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance… – H.P. Lovecraft
Jay dyer ay jay’s analysis goes through all of these books.
You will notice PCR does not allow any comments on HIS website. He has a background in economics but declines to acknowledge the Federal Reserve is stealing money from the government. Ref.
THIS IS OUR BANKING SYSTEM
Why crash the economy? Because no one would accept a Central Bank Digital Currency if times were good. We have this crisis because The Greedy Evil Bastards choose to create it. My prediction?
1) Inflation rages in food and energy.
2) Cold hungry people demand relief.
3) Officials allow crisis to continue.
4) Cold hungry people REALLY demand relief, some rioting takes place
5) Officials release a plan to RATION food, gasoline, and power to all. “Everyone gets a FAIR share!”
6) Plan is based on a phone app (not papers or coupon books)
7) You phone app account is automatically given credits each week for food rations, gasoline, and electric usage.
8) Account credits are denominated in new Central Bank Digital Currency (aka CBDC).
9) Officials tell you how convenient and FAIR new system will be since it automatically tracks food, power and fuel. The other Bad Citizens can only buy as much as their account allows them to buy.
10) App is updated after a while. If you transform ALL your bank account in CBDC, you will no longer be required to file a tax return “because we know you are not cheating”.
11) Anyone who wastes fuel by traveling too far from home has their account cut off, even if they have fuel credits in their account.
12) After CBDC is the norm, anyone who does NOT use CBDC is automatically assumed to be a criminal.
13) In the interest of public safety, anyone who speaks out against the system will find that their app will not let them buy food, power, fuel, or anything else.
14) Food, fuel, power, books, internet access, medicine, clothes — NOTHING will be available to you unless the officials approve.
15) You will own nothing. You will “eat ze bugs”, and you WILL be happy — or else. And you will be dead anytime an official decides to kill you.
Wake up. Look around. This what they want. This is what the Greedy Evil Bastards plan to do. The BIG question is “what will YOU do?”
Damned good summation.
Grow weed. Make beer. Distill alcohol. Get some ‘good’ poppies.
They will all be great barter as depressed people want to numb themselves and there are going to be a lot of very depressed people once they find out that their meekly sucking-government-cock did not prevent them being treated like every other “useless eater”.
The intent seems pretty obvious. Crash the economy and have the peons beg govt for a solution.
Amazingly, a solution will arise (Hegelian dialectic) just accept the new FedNow digital architecture and you’ll
“own nothing and be (very un-) happy”.
It’s just bbb, looks a lot like 666 doesn’t it ? they have to destroy the current currency system so that they can try and force us into the next one the CBDC Central Bank Digital Currency, look up Joey B’s EO on it.
It’s total control, what and where you spend it on, no more guns for you, no more ammo for you, no more gas for you, you’ve used up this months carbon credits. Fools wake up, it’s all out there on Govt. web sites, they aren’t hiding it, they are telling you about it either, but they aren’t hiding it.
https://www.federalregister.gov/documents/2022/03/14/2022-05471/ensuring-responsible-development-of-digital-assets
I believe Paul Craig Roberts has it right when he says the Federal Reserve is trying to collapse the economy.
The fed has already collapsed the economy, way back to the seventies, if not before.
OH NO! The prime rate is ~3%. But YOU can’t even earn 3% on your savings. You sure can pay 23% on your credit card, though.
Your retirement funds? Sorry, no interest there for you, either. Just more fees for losing your money.
And don’t forget – that usury is also rolled into everything you pay for. If your plumber got a loan on his truck, you are paying interest. If the grocery store got a mortgage on the land, you are paying interest. If your employer has to take out loans for payroll, you are paying interest.
Inflation is an increase in the money supply, not an increase in the CPI. The Fed has been increasing the money supply since Greenspan. The QE of the past two years has pushed us over the edge. The Fed raising rates is almost certainly too little too late. Hyperinflation is not good for anybody. The economy is already destroyed as per the WEF plan. We’ll see whether any economic literates are still around to pick up the pieces. If not, it’s been nice knowing you Comrade.