Anyone who has been buying groceries in this country for the last year or so is well aware that inflation is getting our of control. Americans do not need some fancy economist with 5 degrees to tell us what our bank accounts already make perfectly obvious.
Things have gotten so bad that the government (and those who are not really part of the government but are in fact more powerful, ie, the private bank that controls out currency, the Federal Reserve) can no longer sit on their hands and pretend the problem does not exist.
The Federal Reserve has scrambled to call and emergency meeting tomorrow morning. The reason we called the meeting ‘secret’ is because it will take place being closed doors and will not be open to the public. This is known as a ‘closed meeting’.
Joe Hoft of The Gateway Pundit reports:
The FED has scheduled a meeting for tomorrow morning at 11:30 am.
On Friday morning The Gateway Pundit reported that the Fed was going to increase rates on either Friday or Monday. The rates stayed the same on Friday so tomorrow’s meeting might be scheduled so the Fed can increase rates. Inflation is out of control and the Fed now feels it has to do something.
If the Fed does increase rates, this will be only the second time they did so this century under a Democrat President. The only other time the Fed increased rates under a Democrat since 2000 was in 2016 after keeping rates at 0% under the first 7 years of Obama’s terms in office.
The Fed increased rates massively under both President Bush and President Trump. But of course, the Fed is non-biased.’
If the Federal Reserve does in fact raise interest rates, get ready for an economic panic and the end of the bull run in real estate (< that’s just my opinion right there). Due to the TRILLIONS and TRILLIONS that the Biden admin has added to our national debt inflation is going to spiral out of control. Even if actions are taken to try and combat the surge in prices, the amount spent and the length of time we have waited to do anything about it makes the odds that we can head off this crisis slim to none IMHO.
We knew that a $30,000,000,000,000.00 national debt was not sustainable and that sooner or later we were going to have to deal with the pain of the reckoning such debt brings with it. Apparently that time may be coming sooner than we think … buckle up, it’s going to be a bumpy ride.
