Skip to main content

Biden's Pick Powell, Inflation & "the Democrats lose half their seats in the midterms. I love watching someone sit on their own pile of logs that they doused with gasoline while people walk by and flick cigarette butts at them"

 

Market Ticker reported:

Biden has chosen, and Powell will be re-nominated for a second term.

Yes, the same man that has sent prices skyrocketing by backing Congressional "dump credit and pray" policies...

... But there's a problem with going along with it beyond his confirmation, which I expect will be a perfunctory matter: If he doesn't tell Congress to go to Hell in the coming year inflation risks getting wildly out of control on a feedback basis, at which point he and Congress both get riots and possible civil unrest at a level that cities burn.  If he does tell Congress to "go to Hell" then he gets all manner of finger-pointing, the market stops playing "nice" for indebted companies (that's most of them), the scam-someone firms (that's a lot of them) blow up entirely and the Democrats lose half their seats in the midterms.

I love watching someone sit on their own pile of logs that they doused with gasoline while people walk by and flick cigarette butts at them.

Sooner or later someone's going to flick one that still has hots on the end of it. [https://market-ticker.org/akcs-www?singlepost=3742640]


Comments

Post a Comment

Popular posts from this blog

Former advisor to Sec. of Defense, Col. Douglas MacGregor: "the next phase of the Ukrainian War will not only destroy the Ukrainian state. It will also demolish the last vestiges of the postwar liberal order"

Macgregor appears to cite intel sources for his numbers and timetable—and I assume he really does have good sources. He says the offensive will happen “not sooner than 12/10 and not later than 12/19.” It will involve something like 540,000 troops with 1,500 tanks, thousands of other armored vehicles, huge numbers of helicopters, fixed wing aircraft, and bombers. These are numbers he says that have been confirmed by US intel. - Mark Wauck [https://meaninginhistory.substack.com/p/doug-macgregors-timetable-and-scale?utm_source=post-email-title&publication_id=473679&post_id=89073832&isFreemail=true&utm_medium=email] Modern Diplomacy reports that  "Douglas Macgregor , Col. (ret.), who was the former advisor to the Secretary of Defense in the Trump administration" says that  "the next phase of the Ukrainian War will not only destroy the Ukrainian state. It will also demolish the last vestiges of the postwar liberal order": The Biden administration repeated
Post a Comment
Read more

Mainstream Media: "Is America the Real Victim of Anti-Russia Sanctions?" & "Biden's arrogant anti-Russian sanctions have amounted to a price hike on working class Americans that have so far failed to weaken the Russian economy"

  Mainstream Media Acknowledges Biden’s “Arrogant” Sanctions On Russia Are Damning Americans:     @MaxBlumenthal Biden's arrogant anti-Russian sanctions have amounted to a price hike on working class Americans that have so far failed to weaken the Russian economy. His neocon policy accelerates the process of de-dollarization, diplomatic isolation & imperial decline. The mainstream new outlet asked "Is America the Real Victim of Anti-Russia Sanctions?": Remember the claims that Russia’s economy was more or less irrelevant, merely the equivalent of a small, not very impressive European country? “Putin, who has an economy the size of Italy,” Sen. Lindsey Graham, R-S.C., said in 2014 after the invasion of Crimea, “[is] playing a poker game with a pair of twos and winning.” Of increasing Russian diplomatic and geopolitical influence in Europe, the Middle East, and East Asia, The Economist asked in 2019, “How did a country with an economy the size of Spain … ach
Post a Comment
Read more