US federal budget deficits since the US went off the gold standard… without gold keeping them honest, politicians in Washington DC have created huge budget deficits… we are now going into a recession/depression with debt/GDP 130%… with increasing interest rates and a Fed $8.8 trillion balance sheet…

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by silvertomars

 

  1. Inflation is transitory, will hit 2% in 2022
  2. Recession is very unlikely
  3. Interest rates won’t rise until 2024
  4. Inflation is actually good for you
  5. They literally supported buying bonds/ETFs

Now, we are paying for these failures.

 

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