Since the inception of the criminal counterfeiting, market-rigging, loan-sharking syndicate deceptively named “The Federal Reserve System” — the “paper of record” has run interference for the banksters.
Since the very inception of the criminal counterfeiting, market-rigging, loan-sharking syndicate deceptively named “The Federal Reserve System” (NOT “Federal,” NO “Reserves” and NOT a decentralized “System”) the “paper of record” has run interference for the banksters. Think of the Fed as the financing tentacle of the NWO octopus, and the Slimes as the communications tentacle. Seemingly different entities, but actually part of the same beast.
When the JudenFed booms up depressed stocks and the general economy with “easy money” financing, the Judenpresse sings its praises for the prosperity it has brought us.
Conversely, when the JudenFed busts the stock bubble and crashes the general economy with “tight money” financing, the Judenpresse again applauds the Fed for “fighting inflation” (which it had actually caused in the first place with its compounding debt-based currency issue!) You see, the all-wise and benevolent Judenbank can do no wrong.
This astonishingly deceitful (even by Slimes standards) article by “Senior Economics Correspondent” Neil Irwin — intended to cover-up the Fed’s responsibility for the current inflation — is the latest example of how these two con artists (the Fed & The Slimes) work together. Let’s clean up some of Irwin’s Marxist manure.
Irwin: Inflation is dragging down President Biden’s approval ratings and fueling discontent among Americans.
Analysis: The “elites” — through their perceived frontman, “Joe Biden” — are really afraid of being engulfed in an anti-inflation political backlash
Irwin: How did we get here? Who is to blame? To help you understand, today I’ll walk you through the most obvious candidates — and where the evidence looks strongest.
Analysis: The condescending con artist is framing his propaganda to make readers think that he is about to objectively educate them.
Irwin: President Biden:
Presidents have less control over the economy than headlines might suggest, but the current situation is an exception to the rule. You can draw a direct line from a specific policy decision that Biden and congressional Democrats made this past winter to some of the inflation happening now.
In designing the stimulus that Congress passed in March, Biden’s administration went big, with $1.9 trillion in pandemic relief — on top of a separate $900 billion package that passed three months earlier. Put the two together, and $2.8 trillion in federal money has been coursing through the economy this year.
Analysis: Wow! Two whole paragraphs of solid truth! How can this be? This has gotta be an obligatory “limited hangout” — soon to be followed by the liar’s classic “yeah but” trick.
Irwin: But ….
Analysis: There it is! — Now comes the bullshit.
Irwin: For all the trillions spent, Americans’ purchases through the end of September were only about $52 billion higher than would have been expected in a world where the pandemic never happened. I take that as evidence that the inflation story is more complicated than just too much money floating around.
Analysis: Of course, it’s “complicated” — but Professor Irwin will “walk us through,” I’m sure — as he predictably scratches Biden off of his list of inflationary culprits.
Irwin: The Fed:
The nation’s central bank has kept ultra-easy monetary policy in place for far longer than in past economic cycles.
Analysis: Exactly right. Tell it, Irwin. Tell it! — How much youse guys wanna bet that another “yeah but” is coming next?
Analysis: Oh how well do I know these slippery sons-of-bitches!
Irwin: Chairman Powell and other policymakers might be fighting the last war. At a minimum, the Fed has not played its traditional role of pre-empting an inflation surge by deliberately slowing the economy. That said, monetary policy takes a long time to affect consumer prices, so it’s not a given that the inflation situation would be terribly different now if the Fed had started raising rates already.
Translation: You can also scratch the innocent Fed off of the list of suspects for the worsening inflation.
Hmmmm. If it’s not Biden and the Demonrat’s fault — and it’s not the Fed’s fault — then where are we going with this “investigation” of yours, Mr. “Senior Economics Correspondent?”
Irwin: Corporate America:
When the pandemic shut down the world in 2020, operations managers at companies concluded: We need to do whatever we can to survive. Automakers cut back production and orders for new supplies. Airlines canceled orders for new jets. Energy companies canceled drilling projects. Companies laid off workers.
We’re still dealing with the effects of those decisions. Now, automakers are wishing they hadn’t canceled orders for semiconductors, car rental companies are struggling to add vehicles, shipping prices are through the roof, fuel prices are spiking, and companies are wrestling with labor shortages. What seemed like sensible decisions turned out to be wrong for the actual economy.
Translation: Ignore the wild Federal spending and the historic explosion of the monetary base / debt-money supply. Inflation is the fault of poor decisions made by “capitalists.”
HO–LEE–SHIT — This brazen Bolshevik bullshitter needs to have his forked-tongue ripped out with a pair of pliers. But the worst is yet to come. Let’s see who the next “culprit” behind inflation is.
Irwin: All of Us:
We shifted our spending toward stuff, rather than services. Americans purchased 18 percent more physical goods in September than they did in February 2020, while their consumption of services fell. Because demand for such goods is off-the-charts high while supplies are limited, they are more expensive.
Translation: It’s your fault, Americans!
Irwin: And many of us elected to stop working, or work less. The shortage of workers has led employers to offer higher wages to attract employees. That fuels price increases.
Analysis: Half truth. Irwin completely ignores the fact that employees — even during “normal” times — constantly require higher wages because the value of the dollar is constantly being debased. Irwin is blaming wet sidewalks for the rain.
Irwin: The Takeaway
The great shift in Americans’ purchasing and employment patterns prompted by the pandemic look like the primary culprit in this bout of inflation. That means the future of inflation depends on how quickly Americans return to more typical spending patterns and more people go back to work.
Analysis: The “yeah but” punchlines of this horrible reality-inverting article should actually be the secondary points (“supply chain” issues, labor shortages etc) — and the limited hangouts about the “stimulus” spending and the Fed printing press should be the “yeah buts.” As inflation worsens, even the most dim-witted inhabitants of the overlapping Kingdoms of Libtardia and Normiedom aren’t going to swallow this convoluted crap. Irwin and his paymasters know it — but (((they))) are desperate to protect the Fed and somehow try to thwart the coming 2022 devastation of the Demonrat Party.
No one is going to buy this bullshit.