I

 

know...New York Post Blah Blah Blah...

But the guy is spot on about a lot of things.

 (The article below was posted Saturday Feb 26th, 2022 before the announcement was made the following Monday that certain Russian financial institutions would be barred from the SWIFT banking messaging system.)

The discerning mind wants to know what happened in that 72 hour time span from Friday till Monday? What happened? What came to light? That we effectively turned course and decided to weaponize SWIFT after we said we weren't gonna? It was a pretty dramatic change of course for the US (and all that all working with us) in a short time frame and over a weekend, so it just begs the question what happened to facilitate such a change so suddenly?

Putin played Powell — and US pays the price

"He (Fed chairman Jerome Powell) ignored inflation as “transitory” when it wasn’t. Now — after one of the biggest policy blunders in recent Fed history — he needs to raise interest rates, maybe significantly.

(Maybe? Really?) 

But the timing couldn’t be worse: A necessary and significant rate rise would come amid global instability sparked by Russia’s invasion of Ukraine, and slowing the US economy could only strengthen Vladimir Putin’s hand. 

(Either that or Runaway inflation, yippie! Rearrange the deck chairs on the Titanic anybody? :-)

"Only bad choices" 

That price, of course, is all the bad choices that Powell has to choose from, including doing little or nothing with rate increases that will result in more ripping inflation and a massive tax increase on the working class. Or Powell could channel his inner hawk and possibly spark a recession because he waited too long to do his job. 

"Putin is smart enough to have figured in the Powell Pickle in his calculations for invading Ukraine."

(It's was a lot bigger part of his calculations than what we are being led to believe)

"What seals the deal for Putin in his goals for European domination is the precarious state of the US economy. Despite some decent headline numbers (GDP growth and a low unemployment rate), the Fed botching the inflation threat has weakened the US at the worst possible time. 

(Nailed it, It's why he went in when he did)

What good are higher wages for working-class people if they get eaten away by high food and energy costs and just about anything it takes to get through the day?"

(Pretty much where were at already)

"The instability (because of the conflict in Ukraine) is frightening for investors, who accounted for the massive volatility in all the major indices last week. A nightmare scenario of stagflation — high inflation because of a spike in oil and a recession because of higher rates needed to tamp down inflation — was now in the cards. 

("A nightmare scenario of stagflation — high inflation because of a spike in oil and a recession because of higher rates needed to tamp down inflation." Count on it, its a comin' It's kinda Putins game plan. They have made themselves an "insulated economy " so to speak, they've sold off $'s, bought gold and done everything to mitigate ahead of time the sanctions that they knew would come.)

 "That means he may have no choice but to flirt with an economic slowdown, since history shows runaway inflation is almost always a harbinger of civil unrest."

Putin knows better than The Fed Chairman the state of our affairs right now. he just didn't play Powell he played US.

Why did we change course on SWIFT so quick again?

Think about it.

I love you honey.