Powell notes ‘new normal of the American economy’
Federal Reserve Chairman Jerome Powell used the now-familiar term “new normal” to characterize the current state of the high-inflation low-growth U.S. economy.
As another Lame Cherry exclusive in matter anti matter.
The foreign owned Federal Reserve of the United States, controlled by London Banking, has informed us that no matter the propaganda of inflation easing, it is not. The Fed raised interest rates .75%, and as London markets exposed, when Parliament cut taxes to increase spending to try to breathe life into that English Nazi system, that the concern is inflation.
One can not focus on steak and eggs for breakfast for the afternoon 26 mile run, when the patient is dying of cancer.
The Lame Cherry copied these MSNBC headlines. They are now a reflection of all that is coming for the next 18 months. The world is engulfed in STAGFLATION, the Jimmy Carter era economic malaise. Inflation is a cancer. It is an economic disease which feeds on itself. The only way to kill it is by enormously high interest rates. That is what Germany did in the 1930's and what America did under Hank Paulson of the Fed in the 1980's.
If you review the headlines you are going to read the crystal ball. Gold is deflating. The British Pound is falling. E Coin is collapsing. Stocks are imploding. What is being manufactured is being warehoused, because consumers no longer have the funds.
The source for this is the same source as in the 1970's, and that is high oil prices. Oil drives all other prices. Consumers are being told that this Biden 3.55 gallon gas is now a bargain after it was over 4 dollars. For the record, gas needs to be under 2 dollars a gallon and natural gas has to be under 1 dollar a gallon for an economy to begin to grow, to not inflate, but to produce a production base that regulates expansion.
I will explain it this way so you understand. Benjamin Franklin in his memoirs explained something about the Pennsylvania economy before 1776. Money was in such short supply because the government would not print it. Pennsylvania was retarded economically by this, because Pennsylvania was producing volumes of goods.
Farmers were harvesting milk to wheat. Others were felling trees, taking them down river and carpenters were turning them into nice furniture. Pennsylvania was full of products, but no one had money to purchase things.
Franklin was in the printing business. He received the contract for printing up a large sum of currency. He stated that he printed up several hundred thousand dollars and as soon as it was produced, it was absorbed into the Pennsylvania economy, for the simple reason, there were real goods from animal pelts, cheese, flour, furniture existing to allow for economic expansion, not inflation. Prices did not raise, because there was not too much money in print making money cheap. Everyone benefited and Pennsylvania became that much richer for money expanded not in speculation, but in industry.
Meet you on the other side.
Gold slides to lowest in almost 2.5 years, gold mining ETFs tumble
December gold contracts closed 1.5% lower on Friday at $1655.60 the ounce after touching $1646.60 earlier in the session, the lowest since the first week of April 2020, three weeks into the Covid lockdown.
British pound plunges, bonds sink after government announces tax cuts
Goldman cuts year-end S&P 500 target to 3,600, sees it falling even further in ‘hard landing’
Inventory is piling up as consumer demand slows.
Bond market plunge means the low for stocks is not in yet, Bank of America’s Hartnett says
Ether is down almost 20% since the merge.
We now have a normal according to the Fed. Investments are deflating due to too much money which is driving inflation and that gas price inflation is stagnating the economy. This is the next 18 month economy. It is likely this will be the economy into 2025 AD in the year of our Lord.
There is a silent partner in this which no one is speaking about. It is Ronald Reagan's greatest asset and it is usury. When the Fed finally raised interest rates to a more acceptable level, America began REWARDING PEOPLE WHO SAVED MONEY, instead of those who borrowed money which was stealing from others who saved and instead of those who spent money and instead of those who invested in companies which stole cheap money from those who saved.
The Lame Cherry desires you to get this. An acceptable high interest rate REWARDS PEOPLE WHO ARE RESPONSIBLE and it finally punishes those who are stealing from the responsible.
That is the secret of Ronald Reagan and his economic godfather, Milton Friedman. Ronald Reagan rewarded those who worked and were astute with their money. George W. Bush re established the corrupt system that rewarded those who speculated and robbed those who saved.
There is a cartel collapse coming. If you want to know how to fix this, it is simple. The Federal Reserve should immediately set interest rates to consumers at 8% for consumers. This will then drive rates to 10 to 12% for those who borrow money. Those who save will be paid 6% on their assets. Banks will begin making money, instead of being forced to absorb federal debt.
The result will be a Hank Paulson collapse, but in this, wages will set the prices on items like cars and homes. Those items will deflate. The economy will for the first time since Ronald Reagan begin self regulating.
You have been told that bankruptcy, high interest rates and recessions with deflation are bad. That is bullshit as it is not bad for people who work and earn incomes and save. Those "bad" things are only bad for the swindlers who are busy robbing you every day in high gas prices, importing Mexican slave labor and setting high home prices. These robber barons rob and cheat the system. That is how they make fortunes while you get robbed.
Prices dropping benefits you. High interest rates benefits you. Bankruptcy of the swindlers benefits you.
You can see by the above headlines what are the schemes of the swindlers. You will not see one headline praising raising interest rates which pay large sums to people who save in rewarding them. The reason is, high interest rates takes money from swindlers and returns it to the poor.
Once the system regulates and makes Wall Street and Mexicans pay their fair share, your share will be lessened in what you have to pay in taxes, and your astute savings will begin to enrich you again.
Most of you have never heard the story of Benjamin Franklin's trust. Benjamin Franklin on his death had left a savings account in a bank. It was not worth that much, but he stated it was to be turned over to Pennsylvania in 200 years. What was a few thousand dollars in the 1700's, by the 1980's had accrued in interest to be worth millions. There was nothing out of the norm in this. This was affordable interest rates, an economy which was loaning money to people who could afford to pay interest, and the net result was prosperity for everyone.
The "investments" you have been told were sound, have always been robbing the productive. Unless Coca Cola is producing a product for it's investors which is filling a need, it is robbing people in using low interest loans.
The Lame Cherry champions higher interest rates to regulate this robber economy. The Lame Cherry in real market forces seeks to enrich those who work and save money and are responsible. You should not have to own stocks and bonds to accrue your assets. Banking is not evil. It is a necessary and beneficial reward to Citizens who labor and are prudent.
This is once again another Lame Cherry exclusive in matter anti matter.
Nuff Said
agtG
