The Fed increased interest rates by a quarter percentage point yesterday.
JUST IN – U.S. Federal Reserve raises interest rates by a quarter percentage point or 25 basis points.
The first interest rate hike in more than 3 years.
— Disclose.tv (@disclosetv) March 16, 2022
This is a joke. It will do absolutely nothing to combat inflation.
The official inflation rate is around 7 percent and that is nowhere near the real inflation rate. The real inflation rate is closer to 20 percent and that’s a conservative estimate.
If they were serious about defending the value of the dollar, they would have hiked interest rates up to 20 percent if not higher. This would immediately destroy the economy, but it would be preferable to this slow motion collapse that we are in the midst of.
It appears as if the system has chosen to hyperinflate the currency into worthlessness because it is more convenient politically.
