this post was submitted on 17 Jul 2023
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That's probably the most none-sensical statement I read for quite some time.
Yeah this person just lined up a series of completely idiotic statements. The FED raising rates lowers inflation, and inflation in the US is back down to 3% as of this past quarter. They also claimed BRICS was taking off when it's literally quite the opposite. BRICS is never going to happen with its member countries basically in opposition of one another.
Can you lay out precisely how its member countries are in opposition of one another?
I think your assessment of what the Fed is doing is either based on underestimating the complexity of the monetary system or you've been misinformed by people who don't have your interests at heart. Please check this comment where I provide a source for my assessment of what the Fed is doing: https://lemmy.ml/comment/1684511
Check yesterday's comment of mine: https://lemmy.ml/comment/1684511
Feel free to provide me with better sources that aren't like "everything is fine, don't worry, your money is safe and the Fed is doing this in your interest" without providing meaningful data to support that.
Inflation rates are sinking. That's it. No need to also debunk your bullshit about why inflation is rising when it isn't. Or do I need to google the US inflation rates for you?