by Lee Camp
They’re comin’ after us! The Fed - the Federal Reserve - is out to get us! (I know that sounds crazy, and I’m often the person backing away from someone at a party saying that exact sentence, but this time it’s true, and I’m not crazy, but I won’t fault you for backing away.)
Things right now are not so great. We’re still gettin’ over a pandemic. Healthcare costs are totally out of control. Everyone’s in debt and hates their job. There aren’t any insects around - which I feel like is a bad sign. And, on top of all that - the only time most Americans feel alive is when they get someone they’ve never met to tell them to go eat a bag of dicks in a comment thread under a video about how to make a delicious kale salad.
Point is – do you ever look around at how fucked up the world is and go, “Well, I hope the Federal Reserve makes things way worse?” Because that’s what they’re doing.
As reported in Common Dreams, “Federal Reserve Chair Jerome Powell said… that the U.S. central bank is ready to inflict ‘pain’ on households as it continues to fight inflation, remarks that drew widespread backlash from experts who warned the Fed appears poised to spark a devastating recession and mass layoffs.” ...And leaked conversations now reveal the real reasons.