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Inflation & the upcoming recession

So word is rates will be raised by the fed for quite some time. I get it, necessary I suppose but I don't see how raising rates on debt helps any when debt is at such an insane level already. They better just forgive everyone's debt. 

 
Holy cow, this may be the worst day in months!

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Powell brought out his claws today after last time people read him as dovish and maybe ready for a fed pivot. Reality is, the pain hasn't been felt yet. Inflation, while maybe peaking, certainly isn't reversing. And that is what the fed wants. A reversal. And that is going to take awhile.

 
I can't stop thinking about the situation in Europe. You know this will affect America eventually. We are all on the same globe and this will impact us in time over here. It seems like there always needs to be fear and chaos these days to keep the agenda going.  How long till we start giving away more oil reserves or natural gas as well? Eventually we will all be begging Russia and China for oil and paying them in Ruble and Yen for it.

 
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