Most people are completely unaware that our country has had multiple currency issues.
By multiple I mean over 17 times….
The takeaway here should be clear: paper money is not to be trusted, and this trust is further eroded by the poor monetary policy of our Federal Reserve Bank and the poor fiscal policy of bureaucrats as well as politicians.
Our current inflationary crisis is not new, and quite frankly I am not even sure how it could be seen as a surprise or an ‘anomaly’. This is simply what happens when there is an entity with a money printer manufacturing paper money.
From my standpoint the only option we have left to explore is the new field of cryptocurrencies—money that is not from nor subject to the rampant money printing, poor fiscal policy, and poor monetary choices of our government.
Here’s what other sources are currently saying about the current inflationary crisis:
Here's a look at the Effective Fed Funds Rate and Inflation Rates when the Unemployment Rate was at 3.9%, as it is today.
Find the outlier… pic.twitter.com/zU1zRj1uXC
— Charlie Bilello (@charliebilello) January 7, 2022
— Maria Bartiromo (@MariaBartiromo) January 7, 2022
The Epoch Times had this to say:
Like gold, bitcoin isn’t under the Fed’s control. All central banks can do is make rules for who can own each unit … again, much like gold in periods when private holdings were tightly regulated.
But while bitcoin are still being mined today, it’s getting harder and harder to “print” each unit. Out of a hard theoretical limit of 21 million coins, 18 million are already in circulation today.
The miners will only be able to “dilute” the value of each bitcoin by 15 percent before hitting the limit. The Fed has committed to diluting the value of fiat dollars by 12 percent by 2024. Beyond that point, the inflationary impact of bitcoin mining drops fast to zero.
— Maria Bartiromo (@MariaBartiromo) January 6, 2022
2002: #UnemploymentRate 5.4%, #inflation rate 1.58% & GDP growth 1.7%. The Fed slashed interest rates 1% to stimulate a weak economy. Today: Unemployment 3.9%, inflation 6.8%, & GDP growth 5.6%. The #Fed intends to slowly raise interest rates to 1% by year-end to fight inflation!
— Peter Schiff (@PeterSchiff) January 7, 2022
According to The Hill:
The FOMC announced after last month’s meeting it would keep its baseline interest rate range between zero and 0.25 percent, but reduce its monthly purchases of Treasury and mortgage bonds at a quicker rate.
The Fed slashed rates to that level and began purchasing at least $120 billion in bonds monthly in March 2020 as the emerging pandemic derailed the global economy.
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