The Fed may have to do something it hasn’t done since 1994 to tame inflation
Start by deep sixing Kamikaze Joe, then next stop given all our money to foreign countries, piss it away on frivolous special interest projects and in areas we had no business being involved with.
Do these imbeciles ever stop and think that printing all of this money to cover/fund their inadequacy’s is only putting us deeper into the hole.
The USA’s dollar has been and is currently the universal currency throughout the world. That alone has given us credibility and kept us strong. With the new fools in town that scenario has taken an detrimental twisted turn.
Since World War II, the dominant reserve currency of the world has been the U.S. dollar. The dollar is a reserve currency since the U.S. economy, and its financial system is stable. For example, emerging market economies often have their debt denominated in U.S. dollars instead of their local currency.
Now that we have been on a downward slide for our number of years, because of the incompetence of our leaders, their monumental screw ups are catching up to us. Before long Charlie Chan and his clan it is going to take over as the dominant currency throughout the world putting the United States in a real Jack pot.
Just about everything our leaders have F-ed is coming back to bite us in the ass. Pay me now or pay me later. I’m afraid later is knocking on the door.