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Mohamed El-Erian said it was the worst inflation call in the history of the Federal Reserve, as well as a
“high probability of a policy mistake.” He’s referring to Fed Chairman Jerome Powell’s declaration at
2021’s Jackson Hole Symposium that America’s rising inflation problem would be “transitory” – a term
he reiterated multiple times afterwards, thereby doubling down on and putting his reputation on the
line.
Powell mentioned inflation 89 times during that 2021 speech, so clearly Americans were already concerned
about rising consumer prices. At that time, the Consumer Price Index felt excessive at 5.3%; few people
actually understood that the CPI readings would soon get much higher, for a lot longer.
During that speech, Powell knew full well that the government was printing and spending money like
there’s no tomorrow. In tandem with the government’s the launch of massive stimulus programs, the
Federal Reserve ramped up its bond-buying program, even while refusing to call it quantitative easing
(QE).
Astonishingly, the money supply grew 40% in the U.S. in a matter of months. Of course Powell was fully aware
of this, as he was an accomplice in this “policy mistake” throughout its implementation.
Is it too generous, though, for El-Erian to call Powell’s “transitory inflation” narrative a “policy mistake”? This
implies that the Fed chairman was ignorant to the enduring, elevated inflation that was to come.
Let’s apply some common sense here.
At the end of September 2021, Powell
said it was “frustrating to see the
bottlenecks and supply chain problems
not getting better — in fact at the
margins apparently getting a little
bit worse.” So, he was fully aware of
lingering supply chain bottlenecks,
along with their lasting impact on
consumer prices.
Powell and the other Federal Reserve
officials were also fully aware of persistent
labor shortages and Zero COVID policy in
China, both of which were putting upward
pressure on domestic and global consumer
prices. In short, Jerome Powell saw the
writing on the wall.
Yet, he continually whitewashed that writing. “We see those things resolving,” Powell assured, referring
to supply chain disruptions and related problems. Furthermore, “It’s very difficult to say how big those
effects will be in the meantime or how long they will last.”
TRANSITORY INFLATION LIE:
WHAT THE FED KNEW ALL ALONG!
Post-COVID Money Supply Chart. Courtesy: mdpi.com
It wasn’t until November of 2021 that Jerome Powell finally retired the “transitory” language, telling Congress
it was “probably a good time to retire that word.” Then, Powell immediately went to work to backpedal and
change history.
“The word ‘transitory’ has different meanings to different people,” Powell said at that time. “We tend
to use it to mean that it won’t leave a permanent mark in the form of higher inflation.” Meanwhile,
San Francisco Fed President Mary Daly claimed that the word “transitory” was intended to link higher
inflation to disruptions particular to COVID-19.
No one actually believes that, including the Fed officials themselves, but it’s a face-saving measure that would
be maintained even as the CPI surpassed 8% and 9%. Fast-forward to this year’s Jackson Hole Symposium, and
Powell finally effectively admitted what we know all along: inflation is permanent.
Typically the Fed chairman uses soft language, but this time around, Powell had no choice except to
acknowledge the hard times that are coming for hardworking Americans. Thus, expect “slower growth”
and “softer labor market conditions” (i.e., a recession), along with “some pain to households and
businesses” as high inflation persists.
He saw it coming, but didn’t think it was appropriate to tell Americans the truth until over a year after the fact.
Revising history doesn’t fix the problem, though, and inflation’s lasting impact will remain indisputable, and
unforgivable.
Courtesy: TradingEconomics
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Danish Prime Minister FLEES like a criminal when confronted with the truth about covid-19 vaccines and mass murder
Tuesday, November 29, 2022 by: Lance D Johnson
Tags: accountability, badhealth, badmedicine, big government, children's health, conspiracy, crime against humanity, Dangerous Medicine, deprivation of rights, government crimes, health freedom, interrogation, justice, mass murder, medical fraud, public shaming, traitors, truth, Vaccine deaths, vaccines
This article may contain statements that reflect the opinion of the author
(Natural News) During the covid-19 scandal, Danish Prime Minister, Mette Frederiksen, threatened individual rights, slaughtered animals out of hysteria, and repeatedly violated the country’s constitution. She also worked with the governments of Austria and Israel to rapidly develop a deleterious mRNA vaccine program that is destroying the world population today. Mette has dubbed herself the “Prime Minister of Children” while pushing harmful jabs onto children. When she was recently confronted on the streets, she ran scared and summoned her security detail to suppress the interrogation.
Danish Prime Minister runs scared when confronted by the truth
The seemingly powerless Prime Minister was confronted by Kent Nielsen, the leader of a new Danish political party called The Freedom List (Dutch translation: Frihedslisten). The Freedom List is a relatively new political party that formed during the covid-19 scandal. The party’s message grew popular in the face of medical tyranny, as its leaders fought for individual rights, scientific integrity, and the truth about the fraudulent covid-19 “vaccines.” The party, founded by Fleming Blicher, was able to get on the ballot in 26 municipalities throughout all five regions of Denmark. The Freedom List is currently interrogating and holding to account those government figures who promoted unlawful mandates and depopulation experiments for the “greater good.”
When Nielsen confronted the Prime Minister on the street, he went for her throat (metaphorically) and questioned, “How do you feel about the fact that you lied about immunity for a year?”
“How can you sleep at night knowing that you are harming and killing Danes?” asked Nielsen. “You must feel guilty, Mette.” Nielsen told the newly elected Prime Minister that 83,000 Danes were killed by the controversial vaccines, and more than 150,000 were injured. So, the “woman who claims to be ‘the Prime Minister of the children’ is murdering Danish children and murdering Danish adults,” he said. Nielsen didn’t relent. “It’s not hard to live with yourself when you are murdering and harming your own people,” he asked. “So, you’re just ice cold? The ice lady who doesn’t care that you are killing and injuring other people.” Mette quickly darted off to her tour bus. Nielsen continued, “And then your bus sign says, ‘Let’s care for the future!’ So the “woman who claims to be ‘the Prime Minister of the children’ is murdering Danish children and murdering Danish adults. And then runs from it all. It’s crazy.”
Mette refused to respond. Her security detail moved in quickly to stop the dialogue and intimidate. An officer forced Nielsen to stop filming, to identify himself and to give up his social security number. Nielsen cooperated with the security, but before he stopped filming, he raised his voice one more time, “And then she escapes in her bus of slaughter, Disgusting!”
Truthful and powerful interrogation necessary in the next phase of the war
Nielsen’s public interrogation of the Danish Prime Minister provides an excellent blueprint for how to deal with “untouchable” government and corporate criminals in the days to come. Crimes against humanity must be pursued with rigorous calls to justice: amnesty denied. Truthful and powerful language (and sometimes public shaming) will be necessary in order to hold these criminals accountable.
No one is above the law. If the courts are slow to recognize the evidence of mass medical fraud and murder, then those with conviction and courage must call out the crimes in the public square. Mass murder is mass murder, whether there was intent to commit the murders or not. The deprivation of rights, the mass discrimination, and the threatening of lives is more than enough evidence to show intent to harm. As the victims of covid-19 vaccines pile up, the criminals in government must be brought to trial. They must be made to answer for the medical violence and human rights abuses they inflicted on millions of families worldwide.
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