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Friendly Reminder: The Federal Reserve is Trying to Crush You.
When the interest rates are increased again, understand this.
It’s been impossible not to notice those interest rates creeping up.
We’ve all watched as a small group of individuals who make up the Federal Reserve in the wealthiest nation on earth set monetary policy that makes it more expensive to buy a home, go back to school, or even just get a car. We’ve listened as they insist it has to do with simply curbing inflation, and stabilizing these prices.
Except, they’re telling lawmakers something entirely different and back in August, we saw that come to light.
Daniella Diaz with CNN writes:
Democratic Sen. Elizabeth Warren of Massachusetts on Sunday slammed Federal Reserve Chairman Jerome Powell for suggesting interest rates should go up to combat inflation in the US, saying he could “tip this economy into recession.”
“I am very worried about this because the causes of inflation — things like the fact that Covid is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in Ukraine that drives up the cost of energy, and that we still have these giant corporations that are engaging in price…
