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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Markets Are Underestimating Inflation Shock, El-Erian Warns" video.
No, the Federal Reserve has proven it doesn’t care how high inflation gets, its job is to protect the assets of the wealthy.
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@sscalercourtney5486 I’m a caring citizen, not an economic victim. Your smug comment indicates your lack of recognition of what the Federal Reserve is doing in destroying the economic viability of the U.S. It’s basic economics, there’s too many dollars chasing too few goods. The money being created by the Fed is not increasing productivity, it’s creating inflation. The only people benefiting are people with substantial assets that will inflate. If the Fed doesn’t slow down its money creation insanity, economic instability and societal breakdown will result.
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