by silvertomars
- Inflation is transitory, will hit 2% in 2022
- Recession is very unlikely
- Interest rates won’t rise until 2024
- Inflation is actually good for you
- They literally supported buying bonds/ETFs
Now, we are paying for these failures.
US federal budget deficits since the US went off the gold standard… without gold keeping them honest, politicians in Washington DC have created huge budget deficits… we are now going into a recession/depression with debt/GDP 130%… with increasing interest rates and a Fed $8.8 trillion balance sheet…
