What is inflation and what causes it? I have learned in doing podcast I need to be inspired by current events. Today it is Kenosha and the price of gas and Thanksgiving. The court acquits and inflation is out of control. The experts on the economy claim that it is too many dollars chasing too few products. BS ...Who you kidding? Maybe in a church or a fraternity but not in the great American Enterprise. Our leaders are running the biggest and most costly business of all time, since Rome. Our competitors are chasing the American Dream while our current leaders are losing the race to China to a gridlock Congress and incompetent leaders taking us down the path of socialism.
Today, I'm listening to the so-called experts on the economy and they can't seem to look at America as a giant enterprise f(business) that is BK, under water and sinking. Read my lips, it's inflatinary costs . How can that be ...America can overcome anything because we can print our own money. The Fed works for us and it will fund all our indiscretions. However, the Fed protects its own first not America's insolvency. When there is inflation, the Fed steps up and increases its discount rate to its banks and American outstanding Treasuries. The cost of borrowing will be an increase in inflation for the American Dream when servicing the debt to China, Japan, Mexico, South Korea, Canada, India, etc. Those are the holders of USA debt to the tune of $1.5 to $2 trillion (post Pandemic) collateralized by US Treasuries. The rest of the debt or $28 trillion is held by US banks and the bond market. This will add billions of unpaid interest to the ballooning US debt, see the www.usdebtclock.org for the details.
Also, Biden just added 2.5 million more employees with open borders and refugees from all over Asia, Africa, Mexico, Central and South America. Biden just increased the cost of the supply chain by not solving the supply chain backup. Biden just increased the cost of being an American by increasing taxes and health care costs dependent on Chinese supplies of PPE and pharmaceuticals. Biden just acquiesced our relations with the Taliban, China, Russia, Ukraine, North Korea, Iran and pleased the other communist countries that America is weak.
Biden just added 10 to 20% to the cost of energy by closing down the Keystone Pipeline and allowing Russia to use a pipeline to compete with American natural gas sales to Europe. Biden's Build Back Bigger got the Republicans to vote for a $1.5 trillion infrastructure bill using $500 billion for the Green New Deal and the $1.7 trillion Jobs bill that will bail out Democratic cities and States for deficits and rising debt. Biden wants to settle the Trump policy of separating illegal immigrants from their children to the tune of $450,000 per person. Biden proposes to take over the Fed for America's banking system and increase the IRS by 88,000 agents to police, costing $88 billion in salaries, to audit those bank accounts for collecting unreported taxes from every American.
Every increase in the Federal, State, County, City debt and deficit drives the economy into an inflationary spiral. In total the $600 trillion derivative bubble of an inflated stock market, an unfettered Fed funding uncontrolled borrowing, a one-party control will bankrupt the Federal budget, the budgets of the 50 States, 3,143 counties, over 10,000 cities, towns and villages due to the nation’s $158 trillion in unrecorded obligations www.usdebtclock.org. To save this from sinking our foreign suppliers as well, capital must be infused into our economy ASAP. Currently that has to come from investment by those who have made their wealth from the Great American Enterprise ... at a rate of 10% of national wealth of $148 trillion will produce $14 trillion in cash to reorganize an debt driven enterprise into equity based.
