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Thursday, 02/25/2021 7:55:59 AM

Thursday, February 25, 2021 7:55:59 AM

Post# of 19250
Listen to what this Idiot is saying about the money supply not causing inflation at some point down the road. Even some of the politicians understand that's a bunch of BS. Powell never explains WHY the economics of massive money printing have changed from the 70's to 2021. He doesn't explain it because nothing's changed. Inflation will come at some point and they won't be able to contain it. He even says at some point they'll have to raise rates to combat inflation. They aren't going to be able to do that because rates will already have moved higher as we've recently seen. If they attempt to raise rates that will crash the stock markets.

The difference between now and the 70's are the trillions upon trillions of dollars they are in debt now. Interest rates could rise then to combat inflation, that's certainly not the case now.

He implied the dollar is sound money. LOL. How come everyone is looking for alternatives to it then?

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