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Reports: Biden’s Policies To Produce Massive Inflation

Obiwan

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It looks like Biden is planning to give us a "double whammy" by not only increasing taxes, but also eroding the buying power of the money we have left....

Reports: Biden’s policies to produce massive inflation | One America News Network (oann.com)


Economists are warning that Joe Biden’s policies may cause double-digit inflation, unseen since the late 1970s.

“Unfortunately, the Biden administration may be about to repeat the same mistakes as Jimmy Carter, only this time it will be far worse,” Kevin Freeman, financial terrorism expert at the Center for Security Policy said. “In the four years of Jimmy Carter, the annual inflation rate rose from 5.7 percent before he took office, to 13.5 percent when he left.”

Economists said Biden’s crackdown on U.S. oil production would drive up gas prices at the pump and hurt U.S. consumers, while benefiting Iran and Russia. They also warned Biden’s $1.9 trillion stimulus plan would devalue the U.S. dollar, making consumer prices higher.

“President Trump slashed regulation, but Biden promises to increase it,” Freeman stated. “So a 30 percent increase in regulation, which is something we can expect, would add 2 percent to the inflation rate just by itself.”



From the indications, Biden may actually make Mr Peanut look competent!!!
 

theHawk

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They want the Great Reset to happen now. All economies fail, the people rely solely on government for everything. All possessions will be seized of course in order to enrich the tyrants in charge.
 

jackflash

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It looks like Biden is planning to give us a "double whammy" by not only increasing taxes, but also eroding the buying power of the money we have left....

Reports: Biden’s policies to produce massive inflation | One America News Network (oann.com)


Economists are warning that Joe Biden’s policies may cause double-digit inflation, unseen since the late 1970s.

“Unfortunately, the Biden administration may be about to repeat the same mistakes as Jimmy Carter, only this time it will be far worse,” Kevin Freeman, financial terrorism expert at the Center for Security Policy said. “In the four years of Jimmy Carter, the annual inflation rate rose from 5.7 percent before he took office, to 13.5 percent when he left.”

Economists said Biden’s crackdown on U.S. oil production would drive up gas prices at the pump and hurt U.S. consumers, while benefiting Iran and Russia. They also warned Biden’s $1.9 trillion stimulus plan would devalue the U.S. dollar, making consumer prices higher.

“President Trump slashed regulation, but Biden promises to increase it,” Freeman stated. “So a 30 percent increase in regulation, which is something we can expect, would add 2 percent to the inflation rate just by itself.”



From the indications, Biden may actually make Mr Peanut look competent!!!
The statist left have a history of economic/financial experience in two fields: gulags & slave labor.
 

TroglocratsRdumb

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The Democrats are trying to destroy the middle class.
Inflation will destroy people's retirement savings.
 

candycorn

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It looks like Biden is planning to give us a "double whammy" by not only increasing taxes, but also eroding the buying power of the money we have left....

Reports: Biden’s policies to produce massive inflation | One America News Network (oann.com)


Economists are warning that Joe Biden’s policies may cause double-digit inflation, unseen since the late 1970s.

“Unfortunately, the Biden administration may be about to repeat the same mistakes as Jimmy Carter, only this time it will be far worse,” Kevin Freeman, financial terrorism expert at the Center for Security Policy said. “In the four years of Jimmy Carter, the annual inflation rate rose from 5.7 percent before he took office, to 13.5 percent when he left.”

Economists said Biden’s crackdown on U.S. oil production would drive up gas prices at the pump and hurt U.S. consumers, while benefiting Iran and Russia. They also warned Biden’s $1.9 trillion stimulus plan would devalue the U.S. dollar, making consumer prices higher.

“President Trump slashed regulation, but Biden promises to increase it,” Freeman stated. “So a 30 percent increase in regulation, which is something we can expect, would add 2 percent to the inflation rate just by itself.”



From the indications, Biden may actually make Mr Peanut look competent!!!
Where will the inflation rate be this time next year? We can compare and contrast then.
 

Mac1958

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And many disagree, but this "news" source (ha ha) didn't mention that. We don't know. It depends on how much slack remains in the system, and that's very difficult to either identify or quantify.

Hyper-inflation was the fear after the Fed jumped in, in 2009, and it didn't happen.

Partisan paranoia is funny. Tedious, predictable, but still funny.
 

gipper

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It looks like Biden is planning to give us a "double whammy" by not only increasing taxes, but also eroding the buying power of the money we have left....

Reports: Biden’s policies to produce massive inflation | One America News Network (oann.com)


Economists are warning that Joe Biden’s policies may cause double-digit inflation, unseen since the late 1970s.

“Unfortunately, the Biden administration may be about to repeat the same mistakes as Jimmy Carter, only this time it will be far worse,” Kevin Freeman, financial terrorism expert at the Center for Security Policy said. “In the four years of Jimmy Carter, the annual inflation rate rose from 5.7 percent before he took office, to 13.5 percent when he left.”

Economists said Biden’s crackdown on U.S. oil production would drive up gas prices at the pump and hurt U.S. consumers, while benefiting Iran and Russia. They also warned Biden’s $1.9 trillion stimulus plan would devalue the U.S. dollar, making consumer prices higher.

“President Trump slashed regulation, but Biden promises to increase it,” Freeman stated. “So a 30 percent increase in regulation, which is something we can expect, would add 2 percent to the inflation rate just by itself.”



From the indications, Biden may actually make Mr Peanut look competent!!!
No massive inflation after W, O, and Dumb Don along with their buddies in both criminal parties in Congress massively blew up the national debt. Yet you think it’s going to happen this time.
 

citygator

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Gas bounces back from decade lows due to low demand right screams inflation. Prices are rising from savings from not spending for a year and production has been low. High demand and low supply raises prices. This isn’t devaluation of currency this is Adam Smith stuff. Get a degree morons.
 

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