{"id":57283,"date":"2021-03-28T08:07:31","date_gmt":"2021-03-28T13:07:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57283"},"modified":"2021-03-28T08:07:31","modified_gmt":"2021-03-28T13:07:31","slug":"theres-a-serious-flaw-to-the-team-powell-yellen-inflation-scheme","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57283","title":{"rendered":"There\u2019s a Serious Flaw to the Team Powell-Yellen Inflation Scheme"},"content":{"rendered":"

There\u2019s a Serious Flaw to the Team Powell-Yellen Inflation Scheme<\/a><\/h3>\n
\n

\"\"<\/a>If you\u2019re a wage earner, retiree, or a lowly saver, your wealth is in imminent danger.<\/p>\n

A lifetime of schlepping and saving could be rapidly vaporized over the next several years.\u00a0 In fact, the forces towards this end have already been set in motion.<\/p>\n

Indeed, there are many forces at work.\u00a0 But at the moment, the force above all forces is the extreme levels of money printing being jointly carried out by the Federal Reserve and the U.S. Treasury.<\/p>\n

Fed Chairman Jay Powell and Treasury Secretary Janet Yellen have linked arms to crank up the printing presses in tandem.<\/p>\n

This is what\u2019s driving markets to price things \u2013 from copper to digital NFT art \u2013 in strange and shocking ways.\u00a0 But what\u2019s behind the money printing?<\/p>\n

Surely it\u2019s more than progressive politics \u2013 under the guise of virus recovery \u2013 run amok.<\/p>\n

Where to begin?<\/p>\n

The U.S. national debt is a good place to start.\u00a0 And the U.S. national debt is now over $28 trillion.\u00a0 Is that a big number?<\/span><\/p>\n

As far as we can tell, $28 trillion is a really big number\u2026even in the year 2021.\u00a0 How do we know it\u2019s a big number, aside from counting the twelve zeros that fall after the 28?<\/p>\n

We know $28 trillion is a big number based on our everyday experience using dollars to buy goods and services.\u00a0 You can still buy a lot of stuff with $28 trillion.\u00a0 In truth, $28 trillion is so big it\u2019s hard to comprehend.<\/p>\n

Nonetheless, $28 trillion is not as big a number today as it was in 1950.\u00a0 Back then, the relative bigness of $28 trillion was much larger.\u00a0 It was unfathomable.<\/p>\n

Crime of the Century<\/strong><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

economic prism, mn gordon, janet yellen, inflation, jerome powell, fed, us federal reserve, central bank, stimulus, government stimulus, united states<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There\u2019s a Serious Flaw to the Team Powell-Yellen Inflation Scheme If you\u2019re a wage earner, retiree, or a lowly saver, your wealth is in imminent danger. A lifetime of schlepping and saving could be rapidly vaporized over the next several years.\u00a0 In fact, the forces towards this end have already been set in motion. Indeed, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[122,12043,303,2326,426,451,16888,11763,1234,827,3650],"class_list":["post-57283","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-bank","tag-economic-prism","tag-fed","tag-government-stimulus","tag-inflation","tag-janet-yellen","tag-jerome-powell","tag-mn-gordon","tag-stimulus","tag-united-states","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57283"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57283\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}