The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
What many people do not realise, is that Nazi Germany was on the brink of another economic collapse due to Hitler’s rearmament and excessive government spending. The annexation of Sudetenland and going to war gave Nazi Germany the needed funds to keep the country going for awhile. Hjalmar Schacht, the economic minister, opposed the rearmament and warned the government of impending collapse but was sidelined. We are seeing that America is trying to repeat this with tanking stock market and a federal reserve director going toe to toe with the executive.