Fed Up

So Biden is going to renominate Jerome Powell as Federal Reserve Chairman which is his easiest political move because he knows that he has way more republican senators who are going to vote for Powell than he loses from his idiot progressive wing in his own party which of course includes the Red Herring!

Powell is caught between a rock (high inflation) and a hard place ( high debt) which is causing a very dangerous balancing act for him if he is to keep the country out of a depression! The challenge is going to be how he can reverse the effects of quantitative easing which was invented by his predecessor to reverse the effects of the great recession. Unfortunately this will eventually drive us into an even bigger depression!

And that is all I’m going to say about that!

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