These guys in suits and ties, do they really treat the economy like a video game? Press a few buttons, print a few trillion, without even blinking. Inflation explodes into fireworks, and they still say 'temporary'—is your electricity bill, gas price, and rent also temporary?! The common people are almost suffocated by prices, and they are happily locked away playing theoretical debate games.
Next May, when Powell leaves, the real show will just be starting. Do you think changing the person in the chairman's seat will bring peace? Don't be naive. The real problem is not whether to lower interest rates or when to lower them, but that the entire system has long been terminally ill—from the decision-making mechanism to the regulatory logic, rotten like old wood eaten away by termites, crumbling at a touch.
That old man Hubbard finally said something sensible this time: what the Federal Reserve needs most now is not another obedient bureaucrat, but a thorough 'brain surgery'.
A mistake? That's called a chain car accident scene!
What do you mean by 'communication not coordinated'? That’s hilarious. Is that called communication? One moment a dove, the next a hawk, and the market is played like a roller coaster, with the leeks completely cut off while they still clutch their little notebooks reading data. The most severe inflation in forty years, and you brush it off with a 'judgment error'? That's called dereliction of duty! That's called systemic dysfunction!
And what about that 'flexible average inflation target'—it sounds impressive, but frankly, isn’t it just 'making up for the previous insufficient increases'? This policy is more dangerous than drunk driving, stepping on the gas instead of the brakes, and crashing into a wall without turning back.
Three huge landmines, buried in their own backyard!
The first one: the so-called 'dual mandate' has long become a word game. When the two goals of stabilizing prices and protecting jobs come into conflict, what did they choose? The most cowardly path: printing money. Printing madly, blindly, until the dollar is almost a commemorative coin.
The second one: do they even know how inflated the balance sheet has become? Eight trillion! This is not just a number; it's a dam holding up the global economy. When it collapses one day, everyone who eats dollars will drown.
The third one is even darker: regulation has become a performance. When banks explode, they pretend to be blind; when the treasury market collapses, they read scripts; only after Silicon Valley blows up do they come to seal the place. This is not regulation; this is funeral home business—only coming to apply makeup after death.
The scariest thing is not being bad, but being uniformly stupid!
These people, with degrees that are terrifyingly high, have brains that all look the same. Meetings are just large-scale nodding sessions. Different opinions? Nonexistent. They call that 'consensus'; I call that 'thought clone invasion of Earth'. Regional Federal Reserve presidents are supposed to bring a bit of local flavor, but they’ve all been air-conditioned into the same batch of replicants.
Next May, either a blood transfusion or a funeral!
Now is not the time to discuss 'who's in charge'; we first need to ask, 'Once in charge, will they dare to flip the table?' If the next chairman is another wishy-washy type, the dollar might as well prepare its eulogy in advance. But if a tough one comes in, those old folks in Washington will be the first to jump up and curse.
So you see, this is not a financial issue at all, but a power struggle—The Federal Reserve, the White House, Wall Street, and the global market; each role wants to bend the needle to their side. And the truth is? The axis of the needle has long since rusted through.
Think about it, if this group of the smartest people collectively does the most absurd thing—then is this a mistake, or a carefully designed conspiracy?#杰克逊霍尔会议 $BTC