Exactly. By massaging the numbers, they can save a fortune by giving Social Security recipients less than they are stealing via inflation. It is immoral, but morality is a rare commodity inside the Beltway.
I think Kevin Warsh will turn out to be a dove. Why? Interest rates cannot stay elevated too long because this makes borrowing costs for the government very expensive. Currently, 20% of all tax revenue purchase nothing because they pay the interest on the National Debt. Let that sink in. This number is only going to increase in the future. Yet everyone in the financial world acts like the Emperor has clothes on. Truly, the inmates are running the asylum.
Government reports in the US are suspect. Inflation is most likely higher.
Exactly. By massaging the numbers, they can save a fortune by giving Social Security recipients less than they are stealing via inflation. It is immoral, but morality is a rare commodity inside the Beltway.
Excellent podcast - key information for consumers. Thanks Lena!
I think Kevin Warsh will turn out to be a dove. Why? Interest rates cannot stay elevated too long because this makes borrowing costs for the government very expensive. Currently, 20% of all tax revenue purchase nothing because they pay the interest on the National Debt. Let that sink in. This number is only going to increase in the future. Yet everyone in the financial world acts like the Emperor has clothes on. Truly, the inmates are running the asylum.
government can't afford any interest rate hike. 1.5 trillion ..better off with people paying
higher prices just like you said . secret to higher prices is higher prices can't afford higher prices