Powell Finally Admits Inflation Isn’t Transitory

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by Peter Schiff of Peter Schiff Podcast

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Dow down over 1300 points in 2 days over concerns.

Bubble market found its pin.
Jerome #Powell is essentially a member of the Biden administration.
The only tools the Fed has left will destroy the bubble economy if they use them.
Jerome Powell lies about the credit worthiness of the US.
Ray Dalio says the only thing the Fed will successfully raise will be prices.
Build Back better targets the middle class with new bank account monitoring.

See also  'Debt ceiling increase = inflation increase = Federal Reserve Interest rate hikes = higher mortgage & car loan costs = higher food/gas prices = decrease in wage value... It’s all connected. If Gov’t spending isn’t cut, your family’s spending will be'
See also  NY Fed President John C. Williams: "The Federal Reserve is committed to bringing inflation down. As the Mandalorian would say, Price stability. "This is the way." In "The Rise of Skywalker," Anakin urged Rey to "bring back the balance." The FOMC has been taking strong actions to do just that"


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