To Hell With What the Fed Says, “Inflation Is Already Here”: Mike Pento

[ruger17hmr]

To Hell With What the Fed Says, “Inflation Is Already Here”: Mike Pento


But, isn't that what the Fed is trying to do?????????
Inflate out of this economic doldrum.


To Hell With What the Fed Says,

 

[Lex Concord]

Price inflation vs. currency inflation.

Yes, the FED is using the latter to try to pull the economy out of the slumps.

The problem is, once banks actually start lending, all of the currency inflation will start flooding the market and driving prices up.

Last I heard it was approximately $2-trillion sequestered that isn't "worth lending"; once that changes and the banks think they can make more lending than storing it at the fed, look out.

 

[jsgolfman]

The FED has always used the latter, whether trying to fix a problem or not. At least since volume hasn't been tied to precious metals.

 

[dlbrown75]

When the fed prints more money that devalues the currency. This of course means it takes more dollars to buy things.

 

[rambone]

The Fed has inflated the currency more than 2,000% since it was created in 1913.