The only thing that will stop the Fed from raising interest rates is Massive Unemployment.

in inflation •  2 years ago  (edited)

So….

On cue…. There are now massive Layoffs

And Tax Hikes.

The Big CEOs earning Billions fire all the little people earning nothing.
The Big Government earning Billions in taxes raise taxes and cut services for the little people who have nothing.

Fed may raise rates, currently in a range of 3.75% to 4%, two more times to 4.75% to 5% by March before pausing. He added that the Fed may then be on hold until 2024 and is unlikely to start reducing rates unless the job market weakens significantly.

Source: https://www.cnn.com/2022/11/15/investing/dow-stock-market-today-inflation/index.html

UK inflation hits 41-year high as Hunt readies tough budget

UK consumer prices up 11.1%, highest since 1981

Food and drink price inflation highest since 1977

Finance minister says will tackle inflation With High Taxes and fewer services.

EA0DACDD-A0B8-4CE7-8537-617888612D5C.jpeg

Source: https://www.reuters.com/world/uk/uk-consumer-price-inflation-hits-111-october-ons-2022-11-16/

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  ·  2 years ago  ·  

They seem to like to inflict Maximum pain . For those who have little …. Even that little will be taken away.

  ·  2 years ago  ·  

"Even that little will be taken away" - true, but much better in context. Also note how each gospel handles that parable a little differently. It comes down to a question, "What are you going to with your life until the king returns?"

You are really good at building up small things. Over time you have 30, 60 or 100 times what you started with. It would be sad if that was taken away. The idea of living off the land offline may be something we all have to think about. It seems more real now. No one can blame you for living a fruitful life.

  ·  2 years ago  ·   (edited)

Yeah…. I think more people will need to live a self-sustainable life. Too many people have become too dependent on hand outs from the Government.