Powell’s blaming the pandemic for inflation is a smokescreen. The real culprits? The Fed, Congress, and Presidents past and present. They’ve all played a role in this mess.
COVID didn’t cause inflation; it was the government’s response. They overreacted, stifled work, and flooded the market with stimulus checks. A recipe for disaster. I’ve been calling out these mistakes from day one.
Remember the bond bubble of ‘80? It’s gone, and yields are soaring. We’re in a financial crisis, and Powell’s lost the plot. If he can’t see the cause, how can he fix the problem? Spoiler alert: he can’t.
This clip is from Episode 926 of The Peter Schiff Show. To listen to the full episode, visit
SchiffRadio.com
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