Aug 28 2020 17 mins 10
Josh Sigurdson talks with Tim Picciott about the coming announcement from Jerome Powell at the annual Jacksonhole, Wyoming meetings which this year will be entirely virtual.
Powell is set to make a massive announcement and most believe he's going to announce his intention to let inflation run hot, even more hot than it already has been announced.
With interest rates going negative and the economy in tatters, it's likely that relief printing will continue and the price of living will skyrocket.
As Bloomberg notes, this is the era of peak central banking.
Meanwhile, Citigroup has raised their S&P 500 outlook saying the Fed will do "whatever it takes" to halt another stock market crash. This should alarm everyone. The market is so incredibly manipulated at this point that banks and investors alike are buying whatever the Federal Reserve is buying.
You can view this content on Youtube at https://www.youtube.com/watch?v=63hoMDQ8K8g
or LBRY at https://lbry.tv/@WAM:0/massive-inflation-coming-soon-federal:7
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