Monday, March 13, 2023
Good Times Ahead
The almost inevitable outcome of the Biden regime's mismanagement of the United States economy is an economic depression. When a major bank collapses, other banks are likely to fail. It is a contagion. If the Federal government bails out the first few banks to fail, it more or less obligates itself to save the rest, but can only do so by paying off depositors in the failed institutions with with fiat (vastly inflated) currency, thereby defeating what the Federal Reserve is trying to do by raising interest rates. The Fed is (or should be) similarly compelled to stop or at least pause raising rates, or America will have the Fed working against the agencies trying to save the banks. What else would you expect though with the Communist cabal that pulls the puppet Biden's strings having taken over power in America?
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