(VIDEO) The PANDEMIC of Lies: The COVID War and the Unforgivable Economic Devastation. Unveiling the Fed’s Sinister Economic Game and the Lies Behind Wall Street’s Euphoria!
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This is a world of numbers.
A dazzling array of digits shapes our understanding of economies, financial markets, and everything in between. However, like any game, those dealing the cards often have the power to rig the outcome.
Consider the euphoria that took Wall Street by storm last week. The equity markets rejoiced over the creation of more jobs than predicted. The nonfarm payrolls for April swelled by 253,000, despite the Bankster Bandits hoisting the interest rates for the 10th consecutive time.
Yet, isn’t it suspicious how the Bureau of Labor Statistics bureaucracy casually dialed down March’s job count from 165,000 to a meager 71,000?
Or how we’ve conveniently forgotten that the February job numbers, originally credited for boosting equities, were dramatically revised from 248,000 to a mere 78,000?
Interest Rate Hikes and Inflation: A Dangerous Dance
Since March 2022, interest rates have been ruthlessly raised 10 times, landing between 5 percent and 5.25 percent. This relentless march is supposedly aimed at tackling inflation—an inflation we were initially assured was temporary, then transitory.
Whether the Feds genuinely misunderstood the scope of inflation or willfully misled us, they are now conveniently blaming rising wages for inflationary pressures. This deflection conveniently glosses over their own zero-interest rate policy and Washington’s multi-trillion dollar spending spree to combat the COVID War. As a result, we’re witnessing inflation spiraling out of control and the creation of hyper-bubbles.
This scenario was predictable.
The higher the interest rates rise, the deeper the economy sinks. But the shockwaves take time to reach Main Street, and that time has arrived.
The Mortgage Bankers Association (MBA) recently reported that mortgage credit availability had slumped to its lowest level in a decade, a chilling 99.6 in April. According to Joel Kan, MBA’s Vice President and Deputy Chief Economist, this contraction reflects the tightening of broader credit conditions due to recent banking sector challenges and an uncertain economic outlook.
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