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This is hilarious. GPS has now become a tool of the FED propaganda machine. Powell has recently urged Congress to do more, by providing more fiscal stimulus. Then the interviewee goes on to build a case why the Congress should do more and the FED less. GPS is missing a synapse or two as he is playing checkers while the Boyz down at the FED are playing chess. I play 3D chess if you wan call it that. There really wasn't one point in this vid that I have not commented upon at length in the past.

There are several glaring facts missing that makes the statements in this vid falsehoods. The statement that the FED does not raise interest rates in flush times as much as they lower them fails to note that in 1981 Volcker raised the 30 year bond rate to an all time high of 16%. It then took about 20 years to bring that rate down to a historic norm. Second that wealth has been siphoned off the American MC in favor of the wealthy. That fails to to acknowledge that since 1975 the American worker has faced increasing Global wage competition while they continued to spend like they were rich. This has eventually BKed the USA. For whatever reason no one thought this through nor saw this coming. They all thought the party would last forever. In 1980 I saw that the USA was gona spend itself into the ground. It is a mindset thingy folks. Finally a 2% inflation rate DEVALUES CURRENT DEBT IN REAL TERMS by that amount which makes carrying that amount of debt sustainable. Otherwise!

This vid tips the FED's hand. Recently I have been thinking that the FED should allow the the economy to DECELERATE in order to maintain an economic equilibrium. They have pushed the boundaries hard recently to say the least. They know that they are getting on shaky monetary ground, yet they also know that they can not change the perception that they will continue to push the envelope as all he11 will break loose if they do not. So they will continue with their 120B QE a month program to maintain equilibrium but will let the economy to slide which causes economic pain while appearing to be all in.. They have to follow this Deceleration Policy to maintain medium term stability. Then with Comrade Yelsin in the WH as Treasury Sec. we will see coordinated action to ramp fiscal stimulus up. In the end WELCOME TO A QUASI NATIONALIZED ZOMBIE SUBSISTENCE ECONOMY.