March 9, 2021

Between a rock and a hard place.

Or between Scylla and Charybdis is you want some pre-Oprah imagery.
So, the whole economy is a gigantic credit bubble completely dependent on artificially low interest rates, and the whole thing would be destroyed if the Fed had to raise interest rates to fight inflation, which means they won’t raise interest rates to fight inflation, which means inflation is going to win and it is going to destroy the savings of Americans.[1]
~ Peter Schiff.

No big deal, of course. Americans can just stick in their ear while the magnificent people play at running the country. The Magnificent Ones are on the threshold of that point after which there is no PR campaign and no raft of BS they can float down the river to your shoreline to remove the stink. Simply stated, they have proved that the cared about everything else except the welfare of the nation and its people. They turned our gigantic, magnificent engine of prosperity into a casino.

PS -- A+ if you can pronounce Scylla and Charybdis. El linko for the back story.

Notes
[1] "Peter Schiff: The Fed Between A Rock And A Hard Place." By Tyler Durden, ZeroHedge, 3/9/21.

SIL-uh and kuh-RIB-dis.

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