A sign the US economy is not doing well is it's growing debt and lower Gross Domestic Product (GDP). The opposite, a low debt-to-GDP ratio indicates an economy that produces and sells goods and services that are sufficient to pay back debts without incurring further debt. Below we see a glimpe of the debt problem in the MacroTrends debt-to-GDP ratio expressed in percentages.
The vertical gray bars are Recessions. Notice the vertical gray bar around 2007-2008. Gregory Mannarino, a Stock Market options trader, precious metals stacker, and crypto stacker I watch regularly, has expressed many times that the 2008 market crash is when the Federal Reserve started buying stocks. The purpose to prop the Stock Market up but ultimately own everything and be the lender (more on that later). Indeed, the New York Federal Reserve Bank has a trading desk to buy and sell stocks. They buy those stocks with money created faster than if it grew on trees, made with just a few simple keystrokes. This further dilutes the US Dollars in existence.
In addition, banks are overleveraged in crude oil, which is why Bank of America "has estimated global benchmark Brent futures will reach $100 per barrel in 2022, with U.S. crude trading at $95 a barrel". That means higher gas prices and higher prices on products that are made from crude oil, including plastics. As a side-note, I read two or three articles saying bar soap lasts longer than body wash in a plastic bottle, and costs less. Body wash will either cost more, come with less product, or both (as a way to hide inflation).
Federal Reserve Chair, Jerome Powell had the audacity to claim inflation is transitory. What a bunch of malarkey and I can prove it with trash! This May many people in my neighborhood downsized our size of trash containers because Waste Management was notifying customers, that we could downsize to save $. It didn't say prices were going to be raised, however. Oh but prices sure were raised.
For perspective, December 2020 the 96 gallon garbage container was $76.74 for 3 months. March 2021 the same container was $78.85. That was before the huge price increase. Starting June 2021, we paid MORE for a smaller container! We downsized to a 64 gallon container at a price of $79.44 for 3 months. So we are paying $0.59 more for 32 gallons less! The larger 96 gallon container, used before, now costs $98.20. If inflation were transitory, then this spike in prices from Waste Management would be temporary. Does anyone really think the price hike from Waste Management is temporary? I don't.
Back to the topic of diluting the US Dollars already in existence. Here are staggering numbers: the Federal Reserve Bank of New York, which executes market orders for the central bank, is buying at least $80 billion in Treasuries and at least $40 billion of mortgage-backed securities every month! There is no way inflation will be transitory with that much cash flooding the Stock Market and Housing Market. One concern I have is property taxes going up with home prices. Some people will not be able to pay and lose their land and property.
The sad thing is that it was planned that way. Suppressed interest rates have been used to rob the Middle Class for decades. There is a plan to exterminate small businesses and the Middle Class. Last year Yelp! data showed 60% of small businesses were gone and not coming back.
Never forget that the World Economic Forum (WEF) predicts that by 2030, via the great reset, “You’ll own nothing and you’ll be happy.” The WEF also stated the public will rent everything: stripping the right of ownership under the guise of ‘sustainable consumption’ and ‘saving the planet’. Of course, the tiny elite who rolled out this great reset will own everything. Meanwhile corporations and the wealthy have never been off so well, financially. The gap between the have and have nots will unfortunately increase.
So what do we do? Become our own central bank, stack crypto, stack physical gold and silver. As Patriot Nurse says, have a lot of "beans, bullets, and bandaids". Thank you for reading my first article of WheyCupNews! Constructive criticism is welcome.
UPDATE: Either he is lying or is not competent, perhaps both. Biden says inflation expected to be temporary as he pushes big infrastructure, social spending packages.
