We are starting to see central banks hike interest rates as inflation spirals out of control. The Fed pushed rates up a half a point and the Bank of England also did a hike over the past few days.
JUST IN – US Federal Reserve raises interest rates by half a percentage point, the largest rate hike since 2000, and signals more to come.
— Disclose.tv (@disclosetv) May 4, 2022
UK interest rates raised from 0.75% to 1%, their highest level since 2009, as Bank of England tries to tackle cost of living https://t.co/bYQ9B8Ms72
— BBC Breaking News (@BBCBreaking) May 5, 2022
The stock market plunged on this news.
It’s so bad that even the Jewish entity of Bloomberg is posting shit like this.
The stock market right now:
Nasdaq -5.88%
S&P 500 -4.34%
Dow -3.88%https://t.co/hcuZm4iP95 pic.twitter.com/i0IK2wvwQ4— Bloomberg (@business) May 5, 2022
It was red across the board yesterday.
If you are worried about your altcoins, just look at the US stock market 😂 pic.twitter.com/yWiMA2nvAq
— Ash WSB (@ashwsbreal) May 5, 2022
The real inflation rate in the US is probably between 15 and 25 percent. So in order for these people to be remotely serious about fighting inflation, they’d have to jack interest rates up to that level. The problem is that they can’t even jack interest rates up a half a point without major turmoil occurring in the markets.
The whole system is doomed one way or another. I personally believe that they will just hyperinflate the currency into worthlessness because it is politically impossible for the Fed to jack up interest rates to 20 percent like they did in the early 1980s.
