Unless you were an adult living in the US through the crisis of the 1970s into the early 1980s, you probably have no memory or experience with the concept of stagflation. In general, most economic downturns involve deflationary pressures only, and lead to moderate recession events that cause job losses and higher poverty but nothing that has the potential to crash the entire system. Stagflation is a different threat entirely.
There is a considerable amount of disinformation circulating these days about what stagflation is and whether or not we are in the middle of such a crisis. Much of the disinfo has been perpetuated by the Biden White House and the mainstream media. In short, they've been denying that the danger exists even though all the signs are right in front of us.
When liars get caught, they often gaslight instead of admitting defeat. Stagflation is basically a combination of deflationary conditions in some areas of the economy coupled with price inflation in other areas, including necessities. The mainstream narrative is that technical stagflation requires "high unemployment" along with rising prices, but this is simply not true. At the height of stagflation crisis under President Jimmy Carter in 1980, the unemployment rate was only 7%, which is not great but also not "high" historically. Stagflation was considered a national problem through the 1970s and yet the average unemployment rate during that decade was 5.4%.
In other words, anyone that claims that you "must have" high unemployment before you can have stagflation is being dishonest. High unemployment is often a side effect of stagflation at the end of the cycle, but not a requirement for stagflation to begin.
Comment: This is the latest in a long string of purchases. The grand plan is not hard to see.