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Why hesitate to raise rates?

Because the intention isn't to fight inflation. "Too little too late" was designed to fail. They wanted the best (for them) of both worlds, high inflation in core CPI, to pay for the cost of high rates, the 'tax' of which will be bunted to the consumer.

Corporate welfare for them, socialist destruction for everyone else.

The entire collapse is manufactured. It's artificial and purposeful destruction.

A naked power grab and massive wealth transfer to the banks.

Why hesitate to raise rates? Because the intention isn't to fight inflation. "Too little too late" was designed to fail. They wanted the best (for them) of both worlds, high inflation in core CPI, to pay for the cost of high rates, the 'tax' of which will be bunted to the consumer. Corporate welfare for them, socialist destruction for everyone else. The entire collapse is manufactured. It's artificial and purposeful destruction. A naked power grab and massive wealth transfer to the banks.

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[–] • 2 pts

I disagree.

  1. They may want to use the crisis to seize more power, sure, but they always want that.
  2. I doubt it will work that way. Look at what happened in Sri Lanka, people are just burning shit down, not giving more power to the government.
  3. I believe what is happening now is a result of kicking the can down the road until reality set in. We should have crashed in 2008 and 2010 with the Greek crisis, however, instead the decision was made to bail out EVERYONE and EVERYTHING. The only outcome possible after that would be massive inflation. THAT is what we have arrived at now.

In short I am very optimistic that our corrupt clown world is finally collapsing under its own weight.

The only question is whether the common man will allow the system to die or if they will allow and even demand Soviet styled confiscations from their neighbors and price controls to feed themselves.

[–] • 3 pts

The only question is whether the common man will allow the system to die or if they will allow and even demand Soviet styled confiscations from their neighbors and price controls to feed themselves.

Anyone that tries to confiscate anything from me, my family, my neighbors, or my community--gets met with a very unfriendly welcoming party.