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Started By
Message
Is Jerome Powell stupid or just disingenuous?
Posted on 7/27/22 at 4:40 pm
Posted on 7/27/22 at 4:40 pm
Or maybe he is using the new definition of recession Pedo Joe and the WH put out this week
LINK
quote:
“I do not think the U.S. is currently in a recession,” Chair Jerome Powell said Wednesday at a news conference in which he suggested that the Fed's rate hikes have already had some success in slowing the economy and possibly easing inflationary pressures.
LINK
12
Posted on 7/27/22 at 4:41 pm to stout
It will be hilarious watching him admit that we have been in a recession for six months after Q3.
Posted on 7/27/22 at 4:41 pm to stout
quote:
Is Jerome Powell stupid or just disingenuous?
Yes on both counts.
Posted on 7/27/22 at 4:47 pm to stout
I think it is both.
Posted on 7/27/22 at 4:48 pm to stout
He's disingenuous.
Posted on 7/27/22 at 4:52 pm to stout
People wonder why we have a problem with responsibility in our youth..just look at Washington and you see at the highest levels people not willing to admit mistakes or show any accountability for life altering wrong decisions.
This post was edited on 7/27/22 at 4:56 pm
Posted on 7/27/22 at 4:53 pm to Indefatigable
Remember the procedure:
1) Its not happening
2) It might be happening but don't worry because ____
3) Its been happening and that's a good thing.
1) Its not happening
2) It might be happening but don't worry because ____
3) Its been happening and that's a good thing.
Posted on 7/27/22 at 4:54 pm to Indefatigable
quote:
It will be hilarious watching him admit that we have been in a recession for six months after Q3.
Which will be blamed on the Republicans and Putin.
Posted on 7/27/22 at 5:54 pm to stout
I think the term you’re looking for is “corrupt” …
Posted on 7/27/22 at 5:59 pm to stout
Disingenuous, and not just because he knows we are in a recession. He knows that turning on the gas and oil spigot would be a very rapid and can't miss solution to inflation and economic collapse (while hiking interest rates will trash the economy even worse).
Posted on 7/27/22 at 6:02 pm to stout
I honestly thinks he’s scared of the left. He knows what’s coming he just can’t say it.
Posted on 7/27/22 at 6:04 pm to stout
It's just gaslighting. Everything that comes out this stupid fricking administration is gaslighting.
Lie often.
Lie confidently.
Isolate you from the truth.
Informational warfare. It's as simple as that.
Lie often.
Lie confidently.
Isolate you from the truth.
Informational warfare. It's as simple as that.
Posted on 7/27/22 at 7:52 pm to CPTDCKHD
The Fed can only print currency. We have a debt-based fiat currency system.
Currency is not money.
Money or a Gold or a finite backed money system will go up or down but will never be zero.
If you create one dollar of fiat and give it to someone it automatically creates 2 more fiats.
The one you were given that you owe back plus the interest.
If they stop creating currency the system collapses.
This is fiat 101. Our fiat currency system is a fraud of fractional reserve lending by banks.
(Schools don't teach they make Leftist Fools)
Propped up by an endless supply of fiat currency.
Real Money like Gold will always have a value.
Created currency only has value if we believe it does
no belief no value.
All this is being done to soften you up to switch you to a Communist FedCoin where they can deny your purchases based on your actions.
I mean look at all the masks people believe anything the tv tells them wait until they freeze your bank accounts and say this is the way back to normal! Fill in the blanks people are stupid because the US has made them this way.
Currency is not money.
Money or a Gold or a finite backed money system will go up or down but will never be zero.
If you create one dollar of fiat and give it to someone it automatically creates 2 more fiats.
The one you were given that you owe back plus the interest.
If they stop creating currency the system collapses.
This is fiat 101. Our fiat currency system is a fraud of fractional reserve lending by banks.
(Schools don't teach they make Leftist Fools)
Propped up by an endless supply of fiat currency.
Real Money like Gold will always have a value.
Created currency only has value if we believe it does
no belief no value.
All this is being done to soften you up to switch you to a Communist FedCoin where they can deny your purchases based on your actions.
I mean look at all the masks people believe anything the tv tells them wait until they freeze your bank accounts and say this is the way back to normal! Fill in the blanks people are stupid because the US has made them this way.
This post was edited on 7/27/22 at 7:54 pm
Posted on 7/27/22 at 7:58 pm to stout
He’s a babbling idiot.
He’s so far behind the 8 ball with rate moves that he may have already wrecked the economy.
He’s so far behind the 8 ball with rate moves that he may have already wrecked the economy.
Posted on 7/27/22 at 7:58 pm to LSUFAN3016
There are degrees in Finance but never about Banking!
But the most sought-after jobs are Bankers because they are the closest ones to the currency printing.
Name one job that doesn't produce anything that makes more wages than Bankers or Finance. Stockbrokers produce fees but they at least work for them.
They don't produce anything but they control it all!
But the most sought-after jobs are Bankers because they are the closest ones to the currency printing.
Name one job that doesn't produce anything that makes more wages than Bankers or Finance. Stockbrokers produce fees but they at least work for them.
They don't produce anything but they control it all!
This post was edited on 7/27/22 at 8:08 pm
Posted on 7/27/22 at 8:00 pm to stout
Stupid
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