Summer 2022 is far away.
Six, seven months? It's not
that far away, though the weather in my area would suggest differently. And given that we're talking about the government, which moves slower than ice-cold molasses, it's almost the blink of an eye.
The fed says something one day, and does the opposite the next. Who knows how much their policy will change by summer 2022.
That's definitely true--and I don't expect the US government to let itself go bankrupt and thus become the laughingstock of the world. There are so many tricks those idiots in Washington can pull in order to avert that possibility, though I hope they don't plan on starting a world war or something like that. I'm not sure how much of a warmonger Joe Biden is, because he seems to be more like the "Uncle Joe" type, who likes to give away money and so forth, but that doesn't mean he isn't as devious as any other US politician. You'd kind of have to be to have survived as long as he has in US politics, you know?
OP, No. The debt ceiling will be raised, the BRRRR-money-printer will be used. The Federal Reserve will not do what Paul Volcker did during the 1970’s because in 2020’s, the U.S. is under different circumstances. I will post a topic about it soon, it’s a long explanation.
That was one of my first thoughts, though it does make me wonder why a pronouncement like this would even be made if the US wasn't in trouble and could count on an easy solution like printing more money--which is part of what got us into this situation in the first place. All the stimulus checks and other forms of free money that the Federal and state government have been giving out might have stimulated the economy, but just look at where inflation is at the moment. It makes me wonder who the hell is monitoring all of this and if they need a new pair of glasses.
