[machina_ex_deus]

I could've lived with the COVID printing if the Fed was more careful. There were inflation indications in early 2021 but the Fed used completely nonsense theory of "transitory inflation" which was obviously a lie to nearly every single economist but it somehow went on with it for a whole year.

After the biggest money supply growth in recent history the Fed somehow forgot basic economic concepts and its mandate for a full year. This is simply unbelievable. QE printing was still going on - in massive amounts - while inflation is showing up and the Fed is speaking nonsense about transitory inflation.

This game is rigged. The Fed is malicious, unpredictable and intentionally lying. It doesn't feel like the Fed is doing the best decision, it feels like the Fed is making intentionally unpredictable and even irrational decisions so that insiders, most likely big banks, could get to unravel their investment positions at the expense of the whole economy.