Powell … what is he up to?
I don’t know.
If he was a smart banker, with vision AND CIVIC RESPONSIBILITY … he would see AT LEAST these two things from looking back over recent DECADES.
CBs as the VERY SOURCE of Inequality
http://charleshughsmith.blogspot.com/2022/11/the-era-of-all-powerful-central-banks.html
Central banks used QE to suppress rates, which leads to Devouring of Capital and Malinvestment
https://austrianeconomics.fandom.com/wiki/Malinvestment
Putting 2 and 2 together, he’d be aware of all this …. and see The Inevitable Collapse of Social Order, and Western Civilization, if SOMEONE didn’t step up to the plate …..
Is this what he sees? HE SHOULD. I see it. Others see it.
Not everyone makes the connection. Because you do have to think for yourself to see it.
The second piece is more abstract … if someone finds a better overview, please post it.
*POWELL: WE’LL WANT POLICY RATE TO WHERE REAL RATE IS POSITIVE
Positive Real Rates are the beginning of a VLT fix that’s been needed at least since Nixon.
Next step … TAX interest expense above some threshold, and eliminate interest income as taxable income for most people.
Ie, fix part of the debt problem.
Tom Luango has explained what he is up to… He is trying to crack Europe and the globalists.