Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.
Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.
June 17 is the day the federal reserve meets to set federal interest rates.
The orange regime wants to do deeply, shockingly stupid things to interest rates in the name of short term optics boosts to help the regime in the midterms. Yes, really. The long term effects of those desired changes will probably seriously fucking tank the US economy for a generation or more.
There’s a lot of shit that’s slowly, quietly breaking in our bureaucracy, and yet fucking everyone still seems to convinced that the checks and balances will save us. But the checks are fraudulent and the balances have been tampered with. So who the fuck knows what’s gonna happen.
What a time to be alive 🫠
republicans know full well what they’re trying to do, they’re disaster capitilists. crashing the economy is their end-goal every time they’re elected and normally they succeed.
it’s a big club and we’re not in it
yeah the scariest part of if we get through this. What its going to take to get anything like last millenia normal.
Last time it took over half a million dead, including a president, and several constitutional amendments.
Slow decline into poverty, corruption, and insanity is more likely this time imo.
yeah I don’t get how people can support making exceptions to law to allow their stuff and then still live in a country of law and order without it being a facist state. you have to make the rules first and then abide by them not make them up as you go.
I don’t think my fellow Americans understand anything more complicated than “It feels like this should be legal/illegal so someone needs to make it so.”
The longer I live the more I find that the truth is banal and stupid. Nobody is holding the reigns, they are just floating along on vibes.
The checks said that actually the only check is the American people. They re elected him so there is nothing anyone else can do.
Or Elon stole it. Maybe someday will will know for sure.
Yeah those checks and balances seem top be falling like a house of cards.
Interesting times indeed.