However, this doesn’t mean I hold the view that we aren’t in a Federal Reserve-manipulated boom-bust business cycle. We are and it will eventually bust. Though, I expect the first crisis to emerge will be an unanticipated acceleration in price inflation.
Source: EconomicPolicyJournal.com: Fed Chairman Jay Powell Goes Full Denial
# – # – # – # – #
The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.
#ENDTHEFED
— 30 —