In 2022 there was considerable debate among alternative economists what the Federal Reserve was likely to do in the face of rising stagflation. There were people who argued that the Fed would capitulate to stock market demands, stop raising interest rates and return to QE. These analysts operated on the assumption that the central bank WANTS to save the US economy from substantial deflationary crisis and that they will happily print money forever in order to delay such an event.

Some of us, however, understand that the Fed is not loyal to the US economy, nor is it necessarily interested in self preservation as an institution. In 2022 in my article 'It's A Fact That Needs Repeating: The Federal Reserve Is A Suicide Bomber' I predicted:

"This leads us to the final question – What happens next? That's easy to answer: The fed continues to hike rates well into next year and will not reverse course or capitulate and return to stimulus. The dovish predictions were wrong. The people that said the Fed would not raise rates were wrong. The people that said the Fed would never remove support from stock markets were wrong. This process is ongoing and the effects will grow as the months pass, but those that were hoping for a manic return to the days of bailouts and QE are going to be deeply disappointed."

This prediction proved correct. I noted at the time that the Fed is not following its own program, it's following a global program coordinated by the IMF and BIS. In order to understand why the Fed does the things it does, one must accept that they don't care about the current world order. They care about facilitating a new world order.