If you want to gain a good understanding of what the FED has been doing and might be doing in the future regarding Interest rates and Inflation, then I would highly recommend watching a video on David Lin’s YouTube channel where he interviews Steve …
If you want to gain a good understanding of what the FED has been doing and might be doing in the future regarding Interest rates and Inflation, then I would highly recommend watching a video on David Lin’s YouTube channel where he interviews Steve Hanke, Professor of Applied Economics at John Hopkins University. The video is entitled “FED will pivot big in 2024s Economic Tornado”.
Professor Hanke talks about the FED’s data dependency, flying blind, time-lags and the Quantity Theory of Money.
As regards the so called “Powell Pivot” concerning interest rates and also “Quantative Tightening” … When the crisis occurs, he thinks the FED will “hit the panic button” … They will pivot and start lowering rates and they will also end “Quantative Tightening” so basically, they will resort to “Quantative Easing”. This is in line with what a number of commentators in the Main Stream Media and the Alternative media are expecting and what the Stock Market has already been anticipating.
There are only thing two things that I disagree with him about.
The first point of contention is that he focuses on the CPI which in my opinion is bogus. It’s been dubbed by a number of commentators in the alternative media, “the CPLie”. I’ve done a video about this a while ago, if anyone’s interested in finding out more.
Suffice to say I’m pretty sure most people in America would agree that the CPI doesn’t reflect the lived reality of ordinary Americans when it comes to assessing inflation vis a vis the price of everyday goods.
The second point of contention for me is he said that the FED, “is sleep walking into a tornado”. I wouldn’t describe what has taken place as “sleep walking” For me, it’s all being done deliberately … by design. The reason I say this is that they have a plan in mind. They want to destroy the old system in order to bring in a new system … CBDCs and a Social Credit System etc which would give our Overlords even more control that they already have. So, basically, I believe that they know exactly what they’re doing. I’ve talked about this in a number of my videos so I won’t say anymore about it here.
Those point aside … I think Professor Hanke is a very smart man and someone, in my opinion, worth paying attention to.
Wise up and rise up.
