Wednesday, October 12, 2022

Pain..

The Federal Reserve is raising the interest Rate to slow down the hot economy. That is causing, among other current problems, a wide range of problems to the American economy and the American families. 

How did this happen? and who caused it?
In early 2020, the U.S. Congress appropriated funds in response to the COVID-19 pandemic. These funds were made possible through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other supplemental legislation. In March of 2021, additional funds were appropriated through the American Rescue Plan Act.

Action and attitude towards fossil fuel, under the "Climate Change" theory. As a result, oil production investment wasn't worth it. Not enough energy to support the economy and the prices of everything skyrocketed. A year later sanctions on Russia impacted the energy production and the prices increased again.

Since the energy prices is international, all the decisions made here in USA impacted USA and Europe, prices on oil and prices of food.  Just a thought.

No comments:

Post a Comment