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Amid soaring inflation, alarms sounded
about central banks’ focus on climate
change, racial justice

Original Article

Posted By: Ribicon, 10/25/2021 5:08:37 PM

Former Treasury Secretary Larry Summers’ criticism that the Federal Reserve and other central banks are too focused on “woke” social issues reflects a growing concern that policymakers aren’t paying enough attention to inflation. the argument from Mr. Summers, a Democrat, also comes as Senate Republicans are trying to prevent congressional Democrats and President Biden from pressuring the Fed to install regional directors who would devote some of their duties to climate change and racial equity. They describe it as a dangerous case of “mission creep” from the central bank’s traditional role of ensuring maximum employment and price stability. All 12 Republicans on the Senate Banking Committee fired a warning shot

Comments:

Climate change and racial equity? I thought the mission of the Federal Reserve and other central banks was to crush the bourgeoisie by grinding them between the millstones of taxation and inflation, while also transferring unimaginable wealth into the pockets of the bankers.

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Reply 1 - Posted by: bpl40 10/25/2021 5:46:17 PM (No. 957240)
Climate change as such is driven by the Sun. And as for racial justice. African Americans of tadau consume FIFTY times more goods and services than the cousins they left behind in Africa. The Federal Reserve should focus on duties for which it was created.
3 people like this.

Reply 2 - Posted by: Thos Weatherby 10/25/2021 6:06:05 PM (No. 957252)
The Central Bank needs to end. They want that reset. Americans want a different reset. A currency that is NOT controlled by the CB/Fed. This $600 transaction is not about catching tax cheaters. It's about putting a system in place so when the CB/Fed begins their own crypto, they will be able to control it. Once in control they have that ability to stop your paycheck for any reason. The answer is let the people start their own currency. Free from Government control. Start trading in your fake dollars for metals and crypto.
3 people like this.

Reply 3 - Posted by: Petronius 10/25/2021 6:28:34 PM (No. 957269)
Fiddling as Rome burns...
2 people like this.

Reply 4 - Posted by: greyseal 10/25/2021 8:00:03 PM (No. 957371)
Biden and Co. just want the Fed to follow the directives of Larry Fink (Black Rock), Klaus Schwab (World Economic Forum), Bill Gates, and George Soros - you know, the folks from Davos who are telling you that you'll own nothing and love it. Fink just showed up on my radar recently - I'd been aware the Black Rock was snapping up real estate in various areas (such as Houston, TX - almost 40% by some accounts) almost as soon as it hits the market but I didn't realize how deep they were into all of our corporations with their acquisitions. They buy a large stake in a company and leverage the assets they control to then tell the corporate management to get "woke" or they'll leverage them out or withdraw their "investment". Black Rock is one of the reasons so many companies are seemingly acting against their own self-interests pushing CRT and BLM and LGBT+ issues. greyseal
2 people like this.

Reply 5 - Posted by: MickTurn 10/25/2021 10:29:48 PM (No. 957479)
What Lefties know about finance/money would fit on the head of a pin with most of the space unused!
2 people like this.

Reply 6 - Posted by: NotaBene 10/25/2021 11:43:34 PM (No. 957505)
In the name of Global Warming the Communist Democrats destroyed shipping on California and will drive the US economy into deflation. Enjoy one-party rule.
0 people like this.

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