The Lever: Fed intentionally harming economy

Both Wolff and Hartmann noted the same thing. The Lever reports that Powell will once again raise interest rates that to date have had no effect on inflation. The real causes of inflation are "Markups: Companies, particularly those with market power, are raising prices because they can."

So what's Powell's real motivation? "Help Powell’s GOP colleagues win back control of Congress." Who is Powell? "A former longtime private equity executive and Republican donor" whose rate hikes are "a boon to Powell’s allies in corporate America, both by increasing unemployment and reducing the risk of unionization, and putting his fellow Republicans into power on Capitol Hill."

So why are the only Democrats making us aware of this manipulation Sanders, Warren and a few others while the rest remain silent? "Top Democrats are more eager to maintain good relations with powerful corporations and the ultra-rich than preserve their Congressional majorities." They're willing to sacrifice our democracy for blood money. How sick is that? 

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