Do you think the cessation of M3 reporting has anything to do with firing up the printing presses? The government prints money to pay for entitlements and debt payments, and it’s not noticed because M3 is not printed.
Since inflation is really much higher than the government states (look at commodities going up like crazy), is that the real reason behind the consistent Fed rate hikes? After all, if inflation is really only 2.x%, the Fed could stop raising interest rates.
Assuming inflation is really 8% or 12%, what proof can we find in our daily lives? Wages are not rising, but what should be rising, that we purchase, aside from the items already listed.
