Tuesday, August 30, 2022

Fed Chair Powell Promises Volker-style 'Shock' to Kick Off Greatest Depression

In the early 80s Fed Chairman Paul Volker jacked up the interest rates during a mild recession by over 100% to a high of 21%. The result was a lasting recession worse than what we saw in 2007-2008. He did that as shock therapy in order to ready the country for neoliberal Reaganomics. Current Fed Chairman Jerome Powell just promised to do the same thing at Jackson Hole, I believe for the same reason.

 

Mike Billington https://www.youtube.com/watch?v=Gk5Aofyqpig

Jackson Hole https://www.kansascityfed.org/research/jackson-hole-economic-symposium/about-jackson-hole-economic-symposium/

Bloomberg https://web.archive.org/web/20220826001905/https://www.bloomberg.com/news/articles/2022-08-26/fed-s-jackson-hole-conference-is-underway-here-s-what-to-expect

Recession of '81 - '82 https://www.federalreservehistory.org/essays/recession-of-1981-82

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7 comments:

  1. i said the strong hint of exactly this was put up in your face on msm many months ago and still running, by the frontmen who were absolutely key, connected near the very top of the banksters these past 3 decades, thus not coincidentally all multi-billionaires today.

    So the plan was well known to them all along, since this is their mission now demanded of them from their higher-ups.

    There are 3 especially obnoxious ones, but others slightly lesser.
    They are doing their appointed duties doing this, nothing more.

    Weekly each at least, i'm sure. i just note the utube clips of their appearances, don't have cable tv or streaming.

    Everyone of them sounding off about what tough times & depression are coming not to them, thank gawd, but to Y-O-U.

    Another never-ending story here:
    https://www.youtube.com/watch?v=j8lj0UvAsrM
    UN nuclear watchdog IAEA releases report on Iran's uranium | World News | WION
    8,384 views
    Aug 30, 2022

    ReplyDelete
  2. sidebar article Aug30.
    https://alethonews.com/2022/08/30/germany-and-france-want-tiktokers-deployed-against-russia-bloomberg/

    But check out the food fight going on over this app everywhere, starting with Mr. T. attempting in 2017 to have it banned stateside.

    https://www.techworm.net/2022/06/tiktok-might-soon-get-banned-in-the-us.html
    Brendan Carr, the US Federal Communications Commission (FCC) Commissioner has now written to Apple and Google, asking them to completely ban Tiktok from their respective app stores. Well, Brendan fears that TikTok is leaking sensitive user data to Beijing.

    Meanwhile, the crazy russian hackers are answering a higher calling elsewhere, hacking another Billzebub flimsy dogshit product:

    Researchers at the cybersecurity firm Mandiant have discovered that the state-backed Russian hacking group APT29, also known as Cozy Bear or Nobelium, is actively targeting Microsoft 365 accounts in the U.S. and NATO-affiliated organizations in espionage campaigns to steal sensitive data.

    Figures this bunch would have"bear" in the name!
    Thankfully t'wasn't Swear Bear.


    ReplyDelete
  3. Hmmm...the Cat in the Hat can't meet payroll??

    Malachy himself has shown up & tacked an Eviction Notice on those big doors that Petrus Romanus is hiding behind??
    IN LATIN,comrade!
    Showing he's not just serious, he's dam serious.

    Time is TikTok-ing away--- exactly one gigantic Fibo 890 year spiral of time from his ad 1139 list of 112 he presented there is.....2029.
    THE YEAR OF RUNNING MAN!



    Energy Crisis Looming + Vatican Calling Home all its Wealth!
    12,236 views
    Aug 29, 2022
    Prepared Homestead
    https://www.youtube.com/watch?v=ZjZFzovlX1E

    "The Vatican thing is very concerning. It has to be something MAJOR for them to do that especially in such a short time frame."

    ReplyDelete
  4. Phonyhontas aka Locohontas.
    Watch Warren's Face When CNN Host Points Out the Massive Hole in Her Logic | DM CLIPS | Rubin Report
    23,378 views
    Aug 30, 2022
    3 minutes
    https://www.youtube.com/watch?v=DGFsq-LjCLg

    ReplyDelete
  5. Democrats are attacking former President Trump for rushing the Covid vaccine. What!? Democrats claim the Covid vaccine as their great victory! Now they're turning on the Covid vaccine? That is incredibly disingenuous.
    12 minutes
    redacted
    https://www.youtube.com/watch?v=VnigzbdN2JM

    ReplyDelete

  6. Just another example of the well-connected club being looked after by the top dog, AGAIN!
    (country is irrelevant, it's the same everywhere)

    Turkey has become the go-to location for some sanctioned Russian oligarchs seeking to store their yachts, including Abramovich, who currently has four yachts, docked in Turkish ports.
    WION Fineprint |Russian oligarch Abramovich moves entire yacht fleet to Turkiye
    7,968 views
    Aug 30, 2022
    https://www.youtube.com/watch?v=2UzOx2FMg7Q

    ReplyDelete
  7. Just another third stringer puppet patsy tossed out to make way for the next one, named "NEXT!".

    McEnany: This is a stunning development in Hunter Biden probe
    61,593 views
    Aug 30, 2022
    https://www.youtube.com/watch?v=f9ZE4uUYpt0

    This guy THIBEAU is a scapegoat, he couldn't have been able to block it without support and/or direction from higher.

    ReplyDelete