The endless circle...

"Batton down the hatches, rough seas are ahead. Where will your money be the safest? In the stock market? The bank? Stuffed in the mattress of your bed? Your guess is as good as mine." 

Anybody do a market check yesterday? This "red hot" economy all of sudden might have hit a road block. Why? The biggest party pooper that is not in the Biden Administration. The Fed Chair. Who can become a truth teller from time to time. And yesterday, he must have come directly from confession, as he was very truthful. He spilled the beans as to what is in our economic future. And as they say in parts of the south, "It ain't good".

What in the world does this have to do with an endless circle? Some financial types are now saying the total cost of the student loan forgiveness plan, will not cost $300B. Nor $500B. Nor $600B. It might cost up to (and maybe beyond), a trillion. "So what", Biden's lackies might say. Here is the "so what". Be it $300B, or higher, this is pouring gas on our raging fire of inflation. Don't believe that? Ask Obama pals Steve Ratner or Larry Summers. They have been very clear on how inflationary all this spending is inflationary.

Back to the Fed Chair. He is firmly convinced that bad times are in the future. Higher interest rates, which will preclude many from getting their first house. In fact, should rates go up high enough, and the very lucrative housing market will start to crash. It brings back memories of Jimmy Carter. Stagflation. Bad times. All because way too many people believe the garbage which comes out of the collective mouths of this administration. Red pill takers see through this canard. Blue pill takers swallow this crap hook, line and sinker.

I feel for the young folks today. Many have followed this Pied Pipper from Delaware. Little do they know they will become the biggest victims of this voodoo economics he is selling. Can what has been done, be undone? That is the question. To be fair, some of this mega spending started during the MAGA administration. Why? The pandemic. But now it is just spending for the "h*** of it". Will this ever end? Or will we turn into the Weimar Republic? 

Batton down the hatches, rough seas are ahead. Where will your money be the safest? In the stock market? The bank? Stuffed in the mattress of your bed? Your guess is as good as mine. All I know is this. For Democrats to break ranks like Summers and Ratner have (and Democrats seldom if ever break ranks), they must see a real s*** storm on the horizon.