
Oh, what a jolly good show! 🌪️ The ever-so-clever Peter St Onge, once a brainbox at the Heritage Foundation, has popped up with a warning that’ll make your piggy bank weep. 😢 Inflation, he squawks, is about to do the cha-cha again, thanks to those merry money-printers at the Federal Reserve! 🎉
In his latest video, our economic wizard declares the Fed’s decision to ditch quantitative tightening (QT) and start gobbling up short-term U.S. Treasury bills is like feeding a dragon with fireworks. 🧨 Boom! Inflation’s back, and it’s brought its party hat! 🎈
“Ah, the Fed! 🏦 Those cheeky scoundrels have announced they’re firing up the old money printer to finance a $9 trillion wall of debt – because, of course, markets are too busy sipping tea to buy it. ☕ So, the Fed steps in, typing zeros on Excel like a child playing shopkeeper, and declares, ‘Ta-da! Dollars!’ 🤑 Then, like a magician pulling rabbits from hats, they use these fake dollars to buy government debt. They call it Quantitative Easing, or QE, but let’s call it what it is: financial hocus-pocus! 🪄 [Fed chair] Jerome Powell says they’re starting with $40 billion a month – that’s half a trillion a year, straight from your pocket to their party fund! 🎩✨”
St Onge warns the Fed’s in a pickle, juggling interest rates and a financial sector so bloated it makes a Thanksgiving turkey look slim. 🦃 The government, he says, is dancing on a tightrope over a pit of crocodiles. 🐊
“Now, this is as worrying as a dentist with a rusty drill. 😬 The last time the Fed pulled this trick was in the 1940s to pay for World War II, and inflation went through the roof! 🏠 At one point, it hit 20% – that’s more than a baker’s dozen of price hikes! 🥖 It’s how Weimar Germany ended up pushing wheelbarrows of money to buy a loaf of bread. 🍞 Once the central bank starts printing, it’s like giving a child a candy shop – soon, they’re stuffing their face with trillions. 🍭 After all, Washington’s got plenty of hungry mouths to feed – a trillion here, a trillion there, and suddenly it’s real money! 💸”
“But wait, there’s more! 🎪 In the 1940s, it was just about government debt. Today, the Fed’s pumping hundreds of billions just to keep the financial sector afloat – a sector so big it’s five times GDP! 🏗️ It’s like trying to inflate a balloon the size of the moon. 🌕 Jerome Powell claims this isn’t ‘real’ QE, oh no, it’s just to keep ‘ample’ reserves so they can control interest rates. In other words, the financial system’s a house of cards, and the Fed’s blowing kisses to keep it standing. 💨 But don’t worry, they’ve got a full plate of inflation cocaine by the bar to keep the party going! 🥳”
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2025-12-19 00:02