Imagine what you could buy during the STAGFLATION of the 1970’s … and once again: ask me what inflation is … and then talk to me about “toilet paper shortages” and the BOY WHO CRIED WOLF psyops … just for fun.
In 1977, people thought it was plausible that $24 billion USD would get you to mars …
(in 2016 it cost me 700 EUROS to go 300 miles in Ireland)
Going into an EASING CYCLE, this represents the CRUX of Powell’s dilemma:
RAISE RATES TOO MUCH: the BEAR eats him and the US economy crashes.
LOWER RATES TOO MUCH: the TIGER eats him and the US economy crashes.
BEGIN QUANTITATIVE EASING AGAIN: the tiger eats him and the US economy crashes.
CONTINUED US GOVERNMENT KEYNESIAN BINGE: the tiger eats him and the US economy crashes.
HUGE TRUMP TARIFFS: TIGER gets HOT for TEACHER, eats Powell, then Trump.
This is the HOTEL CALIFORNIA for that FED-BUCK FUCK.
(sorry Powell)
And perhaps that’s the crucial issue: what moves are left for Powell or the US treasury or US government, other than hoping the US GDP triples in the next few years … how will that happen?
AI
Crypto
Quantum Computers
Fusion Energy
Fission Energy Renaissance
Space Travel
Biotech
Cheap temperature tolerant synthetic super-conduction
Massive discovery of OIL off the coast of Uranus …
Radically lowering trade barriers and internal regulations on trade
Allowing the free market of money, all things people want to consider money: and this gives the FED time to EASE out of that business
Get rid of the IRS
END all the wars, bring the troops home
Other stuff?
You really need to believe in pixie dust bullshit at this point if you think EASING ends any other way but RAPID hyper-inflation … or nova-flation … blast out … explosion.
As I’ve said: your 401K might keep growing longer than there’s food at the grocery store.
Or maybe it will be WW3: but brother, we’re not there yet … it will take a BIG EVENT to galvanize the poors and get them riled up to kill some folks (poors) in another country.