by Brandon Smith, Alt Market:

In 2021 I published an article titled ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’ in which I outlined the deliberately engineered trap the Federal Reserve has created for the American economy. Specifically, I confronted the issue of strangled liquidity through increasing debt costs vs continued money printing and inflation.

It’s an issue that Jerome Powell warned about in 2012, years before he became Fed Chairman; the consequences of creating a stimulus dependent system and then abruptly cutting off the life support. As soon as he was installed as the head of the central bank he implemented the very policies he predicted would cause a crash.