Powell is just trying to maintain the illusion that the ‘economy’ is real. If (and it’s a BIG ‘if’) the economy was ever real (and I don’t think so), it all ended with the 2008 GFC and money printing etc. If you’re still not convinced, consider that during the CONVID scam they shut down the world economy for 2-3 YEARS and yet here we are in 2024 and the ‘Economy’ is operating like NOTHING HAPPENED!!!
Powell on national television testifying that there will be bank failures in the coming years.
But have no fear, it will only be the small and medium sized banks.
The Fed is not a conspiracy... he's plainly and publicly describing how they will consolidate power. https://video.nostr.build/15d0719a73070b94eb0fff313915445a7c9a9df3c60806ca0109a3f939eb341e.mp4
Discussion
Effects are being felt, the unfortunate part is families don’t understand why they’ve maxed out their credit cards purchasing the same amount of food and energy they did 5 years ago.
No doubt that effects are being felt, but that’s a feature not a bug. I’m just saying that the ‘economy’ isn’t real. Powell is just maintaining the ILLUSION of reality and also instilling FEAR, which is and always has been the most effective way to control the masses.