3min chapter

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#1174 EMERGENCY PODCAST: The 2023 Financial Crisis Has Begun

The Pomp Podcast

CHAPTER

The Fed Is Going to Have to Step in With Loose Mercantile Policy

The average American is going to be drastically hurt by this. 50% of American citizens do not have any investable assets. We are talking about a situation where the cost of food at home is up over 10%. It is very likely that we will see a high inflation environment go higher and stick around for much longer than people previously thought.

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