A Preview To Jerome Powell’s Congress Testimony Regarding Inflation
Cory
February 26, 2018
Jerome Powell is testifying in front of Congress tomorrow and Thursday but his speech notes were released early to give us a preview of what is to come. John Rubino from Dollar Collapse joins me to share his thoughts on the overall idea that the Fed under Powell is happy to be behind inflation.
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Discussion
3 Comments
Feb 26, 2018 26:15 PM
Feb 27, 2018 27:39 AM
Sad situation for all the debt slaves………….
Feb 27, 2018 27:21 AM
U.S. Government debt: No solution; just an end!
Corey, Central Banks need inflation to reduce the effect of the millstones of debt.
They will print money, not to produce more inflation, which may be a side-effect, but because governments cannot raise taxes much and the cost of interest on debt has to be met.
They might raise interest rates, but that is merely for propaganda purposes.
They say they raise interest rates to slow inflation.
They say they lower interest rates to stimulate the economy.
Both of those statements are true.
But in reality they are merely kicking the can down the road and praying the system does not collapse on their watch.
Meanwhile profligate governments over-tax and over-spend, and march the peons steadily towards a collapse.