Covid lockdowns primed the current financial crisis. The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose.

submitted by EternalSunset from thegrayzone.com

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[–]SMCABwhatever 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The covid lockdown didn't prime anything. It exacerbated it. We've been printing money at will for DECADES at a zero interest rate. This was happening regardless, but why not fuel the culture wars while they are at it. The fed always jacks up interest rates during inflation, it's the only answer. Then they buy up defaults for pennies on the dollar because they have the cash to do so. It's all planned, enjoy.