Federal Reserve Blinking has Begun
Today the Federal Reserve increased US interest rates by merely 0.25% and despite sticky, persistent inflation at 6.0% (CPI, Consumer Price Index).
With the $2 trillion bank bailouts in the background, the Federal Reserve has continued quantitative easing.
Significantly, the Federal Reserve said there would be only one more rate increase in 2023 and even that is not guaranteed.
The US dollar fell sharply, while gold and silver moved up.
The devaluation of the dollar is a tax by reducing purchasing power. Debt continues to accumulate, adding to inflation pressure.
The Western fiat currency system is a facing significant correction from decades of reckless spending (money creation), and potentially a collapse due to the growing weight of debt (US debt surpasses $31.60 trillion, Germany over $2.2 trillion, UK over $3.4 trillion, Canada over $1.2 trillion, Spain over $1.7 trillion, Poland over $0.673 trillion, Japan over $11.6 trillion...)
Is the Western central bank cartel creating a severe economic crisis to usher in central bank digital currency? How else can one explain the absolute error of not seeing inflation before it was too late?
In 2024, the Western deep state establishment governments will be unleashing the 5G millimeter wave in the public domain, and thereby create the technological basis for complete digitalization and major deployments of artificial intelligence, big data, and surveillance.
Artificial intelligence, with built-in basis, has the potential to replace any human employment. With Universal Basic Income, many people jobless will be dependent on government handouts and all the conditions that come with it.
Artificial intelligence will continue to dehumanize human relations including warfare, and has the potential to replace human rational thought, while be a major tool for misinformation and control.
Distancing oneself from fiat currencies appears to be logical step, while minimize dependency whether on government or technological.
Stephen.Garvey@EmergingGlobalRealities.com