Fed raises interest rates, bails out banks, ultra-rich, deepening middle class’s borrowing needs to combat inflation.

The longer the Fed keeps raising interest rates while using their balance sheet to bail out banks and the ultra wealthy, the more deeply buried the middle class becomes trying to borrow their way through inflation.

Personal interest payments: pic.twitter.com/UdeKfTTszD

— Mac10 (@SuburbanDrone) August 10, 2023

US Core CPI is still at a staggering 4.7%

The Fed is likely to keep rates “higher for longer” in order to curb inflation pic.twitter.com/P7ZzhFlWMC

— Game of Trades (@GameofTrades_) August 10, 2023

US Credit Card Debt Surpasses $1 Trillion As Americans Continue To Struggle From Inflation

Under the weight of soaring inflation, attributed to Bidenomics, US citizens are being forced into deeper credit card debt, which has alarmingly surpassed the $1 trillion benchmark. Mismanagement by The Federal Reserve coupled with reckless Federal spending has been a significant driver of this economic quagmire, with core inflation stubbornly remaining at a high 5.63%. Drawing a parallel between credit card debt and The Fed’s balance sheet reveals the depth of the crisis. Moreover, the combined weight of credit card and auto loan balances has skyrocketed to an unprecedented $1.6 trillion.

Generation Z credit-card debt soars 52%, but that may not necessarily be a bad thing. Here’s why. (The legacy media is garbage)

It’s not the 1970s but stagflation is back in the pictureNews