Proverbs 19:4 – “Wealth maketh many friends; but the poor is separated from his neighbour”
Pay Up: You Owe It To The World
Everyone must pay up because you owe it to the world. The head of the International Monetary Fund (IMF), Kristalina Georgieva, is warning the FED not to stop with interest rate hikes.
At this point, inflation is soaring and it cannot be tamed, this is my personal opinion.
The U.S. dollar is weakening other currencies around the world, particularly those in poorer nations.
The Central Bank has no option but to stay the course until the cost of living significantly declines.
Developing economies are on the verge of a significant crisis due to the financial and monetary policies of developed nations like the United States.
“Market conditions are shifting rapidly.
US Treasury bonds are worthless. The FED is buying up all the debt.
Developing economies are effectively being shut out of the market.
Countries are now paying more than 10 percentage points over US Treasury bonds to borrow money.
Conclusion
Countries around the world will debt default unless central banks revert their course of action.
The FED needs inflation back at 2% and unemployment must reach a 6% target. More people need to be jobless. As cold as this sounds, it is a goal they are on target to meet.
Mass layoffs took place in 2022 and more to come in 2023.
Despite concerns regarding the impact of domestic monetary policy on developing nations, the U.S. central bank has dismissed the possibility of easing its tight monetary policy.
The IMF is aware that inflation is high in the US and Europe but they cannot stop rate hikes at any cost.
What does that tell you? How much longer can the average citizen spare to pay more?
Many US citizens refute the fact that they owe anyone anything!
Why should we pay back money we didn’t spend? You have the print machine, we do not.
A stronger dollar makes US imports cheaper and benefits the suppliers.
The dark powers that be want to transfer responsibility on to the citizens of this country, but to heck with that!
The global reserve currency is a tool of control and a digital currency will not solve the issue either.
As always, keep Yahweh first, stay free, pay down your debt and prepare. Shalom.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
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