Fed will CRUSH the Economy to Fight Inflation

The Federal Reserve's resolve is strong to crush the economy, if need be, in order to fight inflation.

Their latest Fed Minutes has been released and, in the notes, it shows they have no care in the world about a coming recession, and that their only concern right now is fighting inflation.

So, there's more pain to come

Timecodes
0:00 Video Overview
0:28 Intro
0:36 Federal Reserve Resolve to Fight Inflation
3:11 Policy Makers Increase Bases Points
4:11 The Only Concern is Inflation not Recession
6:36 Outro

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#FedMinutes #FightInflation #Recession

[bitcoin]

G-SIB = globally systemic bank (aka too big to fail)

[Jme---]

the severity of the condition of our economic circumstances is beyond many peoples comprehension and many continue to deny its existence.

[FeedMeTechno]

i have been watching your channel since it started, and let me say, the best content you have is covering the Fed. i love it. thank you joe

[Thegr]

Posted this on another channel, but I think it's worth leaving here too:

Actual Inflation > 17%
Cost to service national debt near 0% Fed Funds Rate FY2021: ~ $562B
Current Fed Funds Rate ~ 1.5%
Increase in cost to service national debt for every 1% increase in FFR ~$310B
Government Revenue 2021: $4.05T
Highest possible rate tolerable by government if every dollar of 2021 budget went to service national debt: 11.25%

11.25% is nowhere near 17%... Yeah... we're looking at hyperinflation. There's no doubt about it. Just a matter of if they're going to crash the entire thing before it happens. That's all.

Jerome Powell to the economy: "Look everyone! I saved the car from going over the cliff!"
The Economy: "And crashed it into a wall, set it on fire, and killed everyone inside in the process. Yeah... Great job. Oh AND we're still rolling towards the cliff!"

[lenapetrova]

Your videos are awesome, Joe! Very informative and straight to the point 👍🏻👍🏻👍🏻

[rickybell]

It’s crazy we’re really letting a small group of people control our livelihood like this smh…#endthefed

[johnbethea]

Sounds like to me that we are in a Great Depression. This is like the many years of the last Depression where people were destroyed where people suffered for decades for the government to get control again and it took WW2 to do this.

[richdobbs]

The problem is that the "economy" is so distorted by fiat currency and governmental control and debt that they can't get close to any sort of real interest rate based on time preferences without "crushing" the "economy". Huge valuations based on hype, like Telsa, Uber, Twitter. Economic policies that crush actual production in mining, manufacturing, retail, because they are so insignificant compare to the Apple, Facebook, Amazon.

[ecwilliams]

2:48 Alan Greenspan would beg to differ with you on that one. We all know that if Congress ever tried to end the fed they would be met with some *accidents* and new Congressmen would be selected who know who their masters are much better than the old ones

[leonardcohen]

The FED has lost it and the sad fact is it's pretty obvious we are headed for hyperinflation.i think stores better have tight security because when people can't afford to feed their families, things might get ugly

[oneiljerry]

Middle-class citizens are always the ones that suffer from the economic and geopolitical turbulence known as inflation. The Fed appears to be taking little action, and the situation is worsening than it was in 2008.

[reynolds]

Wow! Thanks for the pep talk. Have a great day. Lol!

[emeraldcitydreamz]

Real question how do members of the Fed get paid?

[dakinikiss]

As always, thanks Joe. Slick new opening too :)

[rahulkashyap]

Loving the new edits, but a suggestion - those transition sounds kill when you're using headphones / loud speaker. They sound like the earth is shattering beneath you.

[eric]

From what I've heard JPow say, that's right on point.

But, some people seem to think the fed are going to reverse course and the market will instead go up. And throwing their money in there to be eaten by piranha's like myself.

Best of luck! 😂

[mupples]

If the Fed was really concerned with fighting inflation, they'd be raising rates by a lot more than 75 bps.

[brandonklosterman]

Powell just said to the EU inflation isn't going anywhere get used to it. Sounds to me like they plan on giving the perception of fighting inflation but will reverse when economic numbers look bad. They need to inflate the debt away. Raising rates runs completely contradictory to that.

[et]

could the fed still print money if they are put under the treasury

[shihui]

Joe, thank you for your videos!

Could I ask why you think so now when previously, you seem to hint or even outrightly mention that the FED may let things run a while (whilst aggressively hiking rates), so that they can reverse course and drop rates and save everyone (QE) again.

Let me know if I have mischaracterised or misunderstood your position