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The Fed Is Trying to Engineer a Recession

4 pointsby viburnumabout 2 years ago

2 comments

brutusurpabout 2 years ago
Here. I fixed it:<p>Big Corporations are overextended (e.g., empty office buildings; buying up real estate; loss of customer base; pushing out tech that fails; import everything &gt; sustainable manufacturing). Rather than take the huge $$ loss, they are pushing it off on us, the consumer. The result is a widening gap between &quot;the rich&quot; and &quot;the rest,&quot; as &quot;the rest&quot; have no jobs, no money, no land, no food, no healthcare, no social security&#x2F;medicare...<p>As we&#x27;re moving to a global currency, the wealth gap will continue to increase.
downrightmikeabout 2 years ago
Not really, they need inflation to devalue money so they can pay off their foreign and domestic debt.