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Live from the headquarters of Ransy Solutions broadcasting from the pods moving in storage studio

this is the Ransy Show.

Tori help you win in your life specifically your money and when we talk about your money that means we're talking about your relationships and your work is they're all connected

so we're here to give you practical solutions that will give you a hope so that you can step out and live the life that you're supposed to live

AAA 825-225 is the phone number if you want to jump in with your question AAA 825-525 Rachel Cruz joins me this hour and we are here for you and let's talk about probably the biggest money issue in the nation it's the number one headline it is inflation as a result of that big bumper sticker issue Rachel which is inflation we're looking at interest rates it is

been the ongoing narrative for some time as the federal reserve you may hear it referred to as the Fed and Jerome Powell calling our feckless Fed chair more on that no moment but the Fed during the pandemic they flooded a lot of liquid cash into the market because of what happened in 2020 with the uncertainty of the pandemic people being laid off in mass companies worried are we going to be able to stay open and you heard of the ppp loans the federal government the Fed the Fed and the Fed

putting money out into the marketplace and we saw on the back side of that in 2021 Rachel an unbelievable boom in the job market four million jobs were created coming out of the pandemic it was almost a surreal reaction to our businesses failing well the government came in gave them cash for gave the loans and so companies that were worried about dying were flush with cash Rachel based on your money experts

expertise what people do when they come into a lot of money what's the number one temptation reaction to do with the money is it to save it I'm going to say to spend it all come thank you thank you very much for the kid of the

well companies did that and they did it in the form of hiring and so we are in an unprecedented job market with a 3.4% unemployment rate we have more jobs available

then there are people who are unemployed almost to one now I'm just setting the context for why are we still in an inflationary period the number one reason that we're still in inflation is because over the last 2 1 1 2 3 years the great resignation where people were leaving companies and getting paid a whole lot more it took the cost of hiring talent up that includes hourly

and salary and as a result your groceries your combo meals pretty much every area of life the clothing you bought for $20 is now 25 we understand that so I'm setting the context for this Rachel because I'm about to reveal something that I can't believe

I'm about to say I can't even believe I'm saying it publicly I didn't think I'd say it privately but Senator Elizabeth Warren I don't agree with her on just about anything but she recently had drone power in 1st of March at a congressional hearing and she put him to the test now drone powers the fed chair he's the guy that kind of is the front man for the Federal Reserve and they're deciding are we going to continue to raise interest rates

now before I let you see this clip and they're raising interest rates are raising stop to stop inflation stop inflation to stop having people in the market buying stuff right just

slow it's trying to counter it but you got it and so their weapon is I'm going to raise rates well that has caused a lot of pain we all know that

but inflation hasn't gone down now I want to show you clip and then I'm going to walk you through and some of you are going why are you going through this

because at the end of this I'm going to reveal what this monetary policy actually means for you in your day to day life and what you can do about it okay but we got to see this is unbelievable so she's questioning him

and she's going you are openly saying that raising interest rates is going to drive the unemployment number up she puts him to the test watch this one minute confrontation

if you continue raising interest rates as you plan unemployment will be 4.6% by the end of the year and that would be about 2 million people you could speak directly to the 2 million who you're planning to get fired over the next year

what would you say to them inflation is extremely high and it's hurting the working people of this country badly all of them not just 2 million of them

we are taking the only measures we have to bring inflation down and putting 2 million people out of work is just part of the cost and they just have to bear it

well they will we'll working people be better off if if we just walk away from our jobs and inflation remains 5% 6%

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