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Thursday, 05/09/2024 8:34:46 AM

Thursday, May 09, 2024 8:34:46 AM

Post# of 19308
Another really good George Gammon video on what he sees coming. In this video George talks about how he thinks the Banksters are really MORE concerned now with the coming deflation shit-storm than continued rising inflation AT LEAST IN THE NEAR TERM.

This is exactly what Prof. Steve Hanke has been saying because of the huge drop in the money supply. We know J.Powell wants to begin dropping rates as soon as he can, but the "data" they supposedly follow isn't allowing them to do it. I expect them to start "cooking the numbers" to reflect worsening economic/job conditions or to actually cause some event to get the inflation numbers dropping faster. They'll need to begin dropping interest rates sooner than later to head off the coming DEFLATION.

Of course, the continued fiscal spending being done by the Dems is just exacerbating the problem for the Fed and keeping inflation elevated.

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