Wednesday 27 July 2022

Dear Jerome

 https://www.newyorker.com/news/our-columnists/jerome-powell-and-the-fed-are-still-struggling-to-understand-a-crazy-economy-hit-by-the-pandemic-and-war


My dear Jerome,
chairman of of the federal reserve and you don t understand inflation .... what the hell is going on ?
more you print money, more price go high, because money has less value ...
and more you print money when production crashed like during war and pandemic , more prices skyrocketed....
money creation must be balanced with wealth creation .... in normal times , it does not happen already, so, in pandemic and war, it crushes .... far too much money for far less assets , especially in a global world with logistic issues
maybe you need I accept the position as Vice President in the FED , because I have to be honest ....YOU SUCKS
friendly hugs, times will be harder for people with low IQ
Michael

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