#federal-reserve
Inflation, Europe's energy crisis, and the Fed
https://invidious.namazso.eu/watch?v=I43uC1mfHKc
https://therealnews.com/richard-wolff-the-feds-response-to-inflation-is-another-upward-transfer-of-wealth
' #Capitalist #profiteering is the real driver of the #inflation #crisis, and #raising #interest-rates only passes the #costs onto #workers already overwhelmed by #personal #debt and #stagnant #wages.'
#europe #energy #fed #federal-reserve #us #capitalism #politics #economics #economy #stagflation #declining #wages #germany #history
The bad news...
Here's the Fed's choice: continue making expedient "saves" permanent policy, the system collapses. Withdraw the guarantee that risk will never have any consequences, and the system collapses. The Fed's "choice" is as illusory as the "wealth" the Fed has created with its perfection of moral hazard--a perfection that could only end in the collapse of the entire fraudulent fantasy of risk-free gains forever.
#Federal-Reserve #economy #risk #investments #wealth
https://www.oftwominds.com/blogjune21/expedient-saves6-21.html