The Fed's Prank Zoom Call

We've been financing everything with inflation. Inflation is not a substitute for legitimate savings. A lot of these investments that have been financed through inflation are unsustainable in the long run. If they're financed properly out of savings in our consumption, then they can continue. What we have now is a massive credit bubble that the Fed inflated. And so this whole thing is gonna implode until they cry uncle and reverse course.