The US Federal Reserve's policy on inflation is as perverse as that of the Bank of England. As the FT has just reported:
This is ludicrous: if, as in the UK, inflation is being kept higher than it needs to be because of the increase in the value of savings that the wealthiest are enjoying as a result of increased interest rates, which increase is then. fuelling their excess spending, then this goal of reduced inflation rates might never be achieved, but the wealthy will continue to be unjustly enriched whilst the rest of society pay the price for that.
Could it be that there is a conspiracy across the Atlantic to increase the wealth divide in the Anglo-American world?
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Or maybe they don’t want the trend to reverse if rates are cut..no conspiracy it’s that simple
So they’d rather wreck the economy than change rate when there is no remote reason why it should be as high as it is. And you think that is justifiable? Please explain.
I don’t need to explain anything.. i am
simply pointing out their probable logic for holding rates where they are for longer..
But it is not logical
There is NOT much logic going on in the US at the present time.
I’d say, after observing events in Australia https://www.theguardian.com/australia-news/2024/feb/20/ato-eyeing-ramp-up-of-controversial-robotax-scheme-in-bid-to-recoup-15bn-in-on-hold-debts rather it’s a Western conspiracy calculated to impoverish the lower orders in a bid to return to the days of Lords and serfs. Sooooo… civil unrest before too long (serfs up!) and on a multinational scale. Dark Age to follow. I really don’t think there’s anything we can do about it.
There is no doubt something shitty is going on.
I’ve just had a scheme approved for affordable housing but told that other projects recently have seen a 20% cost increases and that my 10% contingency is maybe not enough.
Yet, we are inundated with s106 properties to buy at 52% OMV, and big developers/housebuilders letting staff go on site, and sites becoming quieter and mothballing properties not being sold.
So what gives? Price gouging before the big plunge? Has the market lost leave of it’s senses? Monopolies? And the only way to deal with this is – what – maintain interest rates?
One word: Bollocks.
We need some sort of intervention beyond just the price of borrowing for goodness sake! Truth again that interest policy is not helping anyone working or in a job or sector of the economy that is actually producing something.
Like a lot of things there might not be a formal conspiracy but certainly there are a lot of people with a common interest in getting and staying rich and those who serve them acting in concert
Our NHS money is definitely going over the Atlantic.
https://bylinetimes.com/2024/02/20/revealed-five-politically-connected-healthcare-giants-rake-in-nhs-contracts-worth-billions/
Perhaps those concerned are trying to slowly deflate a global property bubble. If so, as far as I can join up their obfuscated fiscal dots they are simply running ahead of a global property crash entirely of their own making whilst those who are benefiting from property speculation and exploitation are knowingly gouging and grabbing as much as they can in an après moi le deluge crazed free for all. Who knows ?
Upon further reflection, the links between the Trump campaign and BREXIT are flashing at us telling us what is going on.
I am not one for conspiracy theories at all. But those that practice conspiracies know how the conspiracy theory works and how we are uncomfortable with it and how that can work for them.
American economic expansion has done all it can to exploit within its borders. It now needs to expand beyond in the same way it appropriated land from the indigenous Indians and health care from millions of Americans.
This is why it has problems with China – because China will not let the U.S. in and help itself to its riches.
In England however, the same people who would have welcomed Nazis are only too happy to welcome U.S. market fundamentalists in as long as they get a slice of the action.
To me at least, this is what is going on.