2021 marks the most expensive Thanksgiving dinner ever. Oil companies can’t pump oil as fast as the Fed can print money. Pilgrims set sail for Communism, but landed on Capitalism. Desperate Americans look to crypto as a ticket to wealth. Bitcoin is fiat and people will lose faith in it
Biden reappoints Powel as Fed Chairman and promotes Brainard to Vice Chair. Gold sells off and dollar rises on Fed news. Investors worried about inflation under Powell two days ago now celebrate Powell’s reappointment. If Biden wanted to fight inflation, he’d stop creating it. Generation of entitled American socialists don’t
Socialists are the only ones who believe Biden’s bill will Build Back Better. Democrats accidentally admit that inflation is caused by expanding deficit and money printing. The rich don’t have to cheat on their taxes like the middle class does. Government wants to give all workers a 4 week paid
Janet Yellen lies to the nation. The Fed doesn’t want to let the peoples’ cost of living decrease. 2% inflation isn’t a target; it’s a floor. Retail investors move from bubble to bubble without learning any lessons. Sell your Bitcoin before Logan Paul’s audience does.
CPI data heavily contradicts Fed’s transitory inflation narrative. Reagan was more popular during a recession than Biden is during this “booming” economy. The government has too much money on the line not to lie about inflation. Media’s bias taints their inflation reporting. Federal Reserve can print money, but they can’t
Supply shortages exacerbated by consumers reading the inflation writing on the wall. Gas prices at the pump close to all time record highs in most of the country. Dollar is being propped up by taper. The crypto market has flipped the gold market. Joe Biden looks to replace Jerome Powell
Press knows Biden doesn’t have the aptitude to even answer softball questions. Record high stock market eyes blue skies ahead. As Peloton bikes become overpriced clothes racks, Peloton stock becomes dirty laundry. Gold may end up being the pin that pricks the Bitcoin bubble. The IRS tricked the middle class.
Markets blessed Fed’s decision to begin tapering. Jerome Powell says economy is healthy, but requires monetary policy of an economy in crisis. Full employment is subjective and rarely achieved. Powellnomics: It’s inappropriate to have interest rates above 0% in an economy that’s not at 100% employment. Fed knows the economy
Nasdaq and S&P finish the week strong. Robinhood closes the week near its all time low. Newmont leads gold mining stocks lower. Gold mines don’t lose missed earnings, they postpone them. Crypto ships will rise and sink on the same tide of fear and greed. Inflation is driving up labor