Soft-pedaling the coming recession

Boston Fed President Susan Collins pushes the party line

9/26/20221 min read

The headline says it all: "Fed's Collins says inflation fight to cost jobs, recession not inevitable" (link). The words are meant to be soothing

  • a recession is not inevitable

  • price pressures may have already peaked

  • slower employment growth

  • somewhat higher unemployment rate

  • "softish landing"

  • strength of business and household finances

We all know that this is COMPLETE RUBBISH. Inflation will continue until the billionaires have sucked as much as they can from the rest of us:

  • they sold off securities at the height of the market

  • they purchased residential properties to drive up the prices and will now start dumping

  • they print money for themselves and FTD securities at the expense of both the 98% and the global economy

  • the military/industrial complex continues to start wars and outfit the world with bombs to fight with

DON'T MISTAKE GREED FOR CAPITALISM. IT'S TIME TO TRASH THE FED AND START OVER.