a screenshot of "My Briefing" right now.
Notice anything missing?
I'll clue you in:
Fed orders another super-sized interest rate hike as it battles stubborn inflation
Your information is way more managed than you think.
"The Federal Reserve ordered another super-sized jump in interest rates today, and signaled that additional rate hikes are likely in the coming months, as it tries to put the brakes on runaway prices."
"The central bank raised its benchmark interest rate by 0.75 percentage points Wednesday, matching hikes in June and July. The Fed has been boosting borrowing costs at the fastest pace in decades. But so far, its actions have done little to curb the rapid run-up in prices."
(Because the $ supply is inflated and interest rate hikes aint gonna fix it!)
"The annual inflation rate in August was 8.3% — down only slightly from the month before. While the price of gasoline has dropped sharply from its record high in June, and used cars and airline tickets have gotten somewhat cheaper, other costs continue to climb, including essentials such as rent, groceries and electricity."
What's more, price hikes have spread to goods and services that are not directly affected by the pandemic or the war in Ukraine, suggesting that inflation has gained momentum that may not be quickly reversed."
(Lets look at the "spin" presented in the above paragraphs:
"annual inflation rate in August was 8.3% — down only slightly from the month before." .8 of a percent under the record high of the last 40 years goes unmentioned. I wonder why?
"the price of gasoline has dropped sharply from its record high in June"
Only because of the drawdown of the SPR. When prices get artificialy lowered? When you cant do that anymore? They will boomerang back worse than they were to begin with. matter of time, so again? Why isnt that what we are being told?
"other costs continue to climb, including essentials such as rent, groceries and electricity"
Because to much $ in the system dilutes the purchasing power of said $. Again, why isnt this what we are being told?
"...price hikes have spread to goods and services that are not directly affected by the pandemic or the war in Ukraine, suggesting that inflation has gained momentum that may not be quickly reversed."
(See note above about to much $ in the system diluting purchasing power. Yes there are other contributing factors in our current situation: supply chain snarls, greedy corporations using inflation as an excuse to raise prices, higher wages = higher cost of doing business and just gets past along to consumers etc but the driving factor as to why this situation is here for the foreseeable future is: to much $ in the system diluting purchasing power, and 4% interest rates will not come close to fixing the problem."
Not that many years ago somebody I'm related to said to me in a very snarkey manner:
"So you know better than the experts Andrew?"
My track record speaks for itself is all I got to say. John 16:13 etc. If you can not accept that? If you can not wrap your head around the fact that the power of the Holy Spirit is working in someone? In everything I'm talking about on here and doing presentations about? Then I really don't think you really understand the power of the spirit that somebody has been praying for years to use him and how it really works. Its just that simple and I don't care who you are or how upset that makes you, "Truth is truth" Bob Marley said.
Ill tell you what, you better believe this: If you don't honestly believe in the out pouring of the Holy Spirit? On somebody that has prayed for it for years on end?
YOU ARE ABOUT TO GET SPOOKED, big time.
We are who we are, we are in the beginning of the time of tribulation, made official here shortly buy two peoples wedding that could have never taken place if it wasnt for the out pouring of the Spirit on us (I love you baby). Laugh, deny, sneer, mock, make fun of, do what ever you want to do, it will not change what is about to transpire.)
"Sending a 'tough love' message on interest rates"
"Inflation is still running hot and is not easing as fast as expected," said Greg McBride, chief financial analyst for Bankrate.com. "The Fed has been delivering a 'tough love' message that interest rates will be higher, and for longer, than expected."
(Somebody please come show me where interest rates less than half the rate of inflation have ever solved this problem before. IT HAS NEVER EVER HAPPENED AND ITS NOT GOING TO THIS TIME EITHER! All these so called analyst and experts don't know this? ! as my buddy Brother Brian would say. "Hogwash!" See 1 Thessalonians 5:3)
"The central bank has raised its benchmark rate five times this year — from near zero to 3.125%. On average, Fed policymakers think rates will climb to about 4.4% by the end of this year and 4.6% by the end of next year."
(It wont even touch the inflation problem and they know it, everything else the FED is doing is merely window dressing, going through the motions, raising interest rates will not fix to much $ in the system, and they know it, and they just don't want you to know it etc...)
"If we don't get inflation down, we're in trouble," Fed governor Christopher Waller said this month. "So that's the number one job."
(Well your not gonna be able to, so now what? Hum?)
"Overall consumer spending remains strong, however, so Fed policymakers will continue to tighten the screws."
(Here we go with the spin again.
Spending remains strong because people are paying more for things, not that people are purchasing more! Seeing the quandary were in now maybe?)
"Waller said that with unemployment near a 50-year low at 3.7% and businesses adding hundreds of thousands of jobs each month, "we're not facing any tradeoffs, really."
(I've said it a million x the unemployment metric needs to be retooled. People who have exhausted their benefits fall off the rolls of the unemployed just as if they have a job, whether they do or not. It's not 3.7%, its nowhere close to 3.7%. According to the Ludwig Institute for shared economic prosperity, it's more like 22.5%. Their metric includes people working more than one job just to get buy, those who are working a full time job but not making enough to get buy, and those working a job who wish they had more hours than they do. Now which # sounds more accurate to you? Exactly.
"businesses adding hundreds of thousands of jobs each month" I just wanna make sure I get this right...People working 3 jobs to get by is a sign of economic prosperity? Thats why we are adding jobs, people need 2 or 3 just to get by. I told my baby just today, I'd rather just get by than keeping falling farther and farther behind through no fault of my own. the thing is? Unfortunately? This is just getting started.)
"We will keep at it until the job is done," Powell told an audience at the CATO Institute this month. "The longer inflation remains well above target, the greater the risk that the public does begin to see higher inflation as the norm, and that has the capacity to really raise the cost of getting inflation down."
(he knows they cant, you should too.)
"Recent surveys have shown that despite today's high inflation rate, Americans expect prices to stabilize in the next few years. People have grown more confident of that over the summer as the cost of gasoline — with its highly visible price tag — has fallen."
"...the cost of gasoline — with its highly visible price tag — has fallen."
Driven largely by the drawdown of the Strategic Petroleum Reserve, which China and Russia are salavating at the mouth over right now. Cause you know, you see that fact brought up every time some expert/analyst mentions it in your managed information stream.
Peter Schiff: FedEx Reveals the Myth of the “Soft Landing”
"Peter said he has no idea when the markets are going to figure out that higher inflation just means the Fed is losing the fight, and no matter how hard it fights, it’s going to keep losing.
It’s not fighting hard enough because it can’t.”
(He is 100% correct. You gonna tell me The FED doesn't know it has never conquered inflation without interest rates being above the rate of inflation in its history? And that we cant do that because were gonna default? Come on now...What is the likelihood of that really?)
"Even if the Fed comes out with a 100-basis point hike this week, real rates will remain at -5%.
In what universe can you fight inflation with negative five percent real rates? You can’t, It is impossible.”
( "...real rates will remain at -5%." That would be interest rates - the rate of inflation = -5%. It's not a looming financial crisis, It is a complete meltdown of the world's economic order and its just a matter of time, and Russia in Ukraine and China in Taiwan are largely being driven because they understand this and know that now is their moment to make a move.)
"The entire economy is based on artificially low interest rates.”"
(Once again, 100% correct. We sealed our fates with our response to the financial crisis 2007-2008) First and second woes anybody?
"There is no way to normalize interest rates after more than a decade of abnormally low interest rates and not let everything come toppling down.”
(Again, 100% absolutely correct)
"As Peter pointed out, it’s no wonder that package volume is dropping. Consumers are spending more, but they’re not buying more stuff. They’re just paying more for everything."
(Yup.)
"Most people concede that the US economy will move into a recession. But everybody thinks it will be “short and shallow.” But how do they know that? Why should it be short and shallow? As Peter pointed out, the bust needs to be proportional to the boom.
We’ve never had a boom this big. We’ve never had interest rates this low for this long. We’ve never had an economy more screwed up than the one we have right now. We’ve never had bigger asset bubbles, bigger debt bubbles, more misallocations of capital and resources. So, we have more mistakes that we need to fix now than ever before. So, how are we going to do that with a short shallow recession? We’re not. It’s going to be a massive recession."
(I hope your soul is ready. Anybody can have faith in the good times. Faith in God and Christ carries with it responsibilities. Christianity isn't about having a place to go compare nice clothes on Sunday mornings. And for those of that ilk? They will be the first to falter not understanding that this is the way it's supposed to be playing out. Others wont tell you so. I will gladly. Have to actually.)
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