Monday, May 25, 2020

Democrats Have Been Intimidated By and Thus Bowed To The Radicals . Inflation?


Buy American - Rebuild America
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Democrats  have allowed radicals to take over their Party in order to stay in power which has always been their basic goal,  Pelosi has become so intimidated she has done everything to accommodate  them.  One of the greatest treasures Americans enjoy is freedom and this includes the right to vote which Democrats have been giving up in order to retain power. How pitiful ,unpatriotic and stupid can you get?

"The right of Americans to decide their own destiny at the ballot box is under a serious threat. In sanctuary city after sanctuary city, local Democrat politicians are allowing foreign nationals to register and vote in elections.

Ask yourself these two simple questions: Should Illegal Voters Be Making Decisions For Hard Working Americans? Should they even be in our country?"
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This is the simple way China has gained power over the unsuspecting:  

This is a video you can try and watch about how Sri Lanka borrowed money from China to build a world class port and the terms stated if  interest on the loan could not be paid, China would have the right to take over the port for 99 years.  The loan was based on inflated port call projections. In the first year after the port was built, Sri Lanka failed to meet their financial obligation and China now operates a strategic port built by Chinese labor in Sri Lanka and this is a formula China is using with other naive leaders of nations in order to gain strategic assets - VID-20200522-WA0003.mp4"

Wake up world!
+++++++++++++++++++++++++++++++++++++++++++++++++ In the Chapter entitled "Scarcity: Burns Agonistes," Amity Shlaes discusses inflation that surfaced on Nixon's watch but began with Johnson who bludgeoned Fed. Chairman Martin just as Trump antagonizes the current Fed Chairman.

Johnson fought Vietnam and believed he could have still achieve guns and butter while Trump is fighting the Coronavirus and believes the recovery he can bring about a V type recovery by pouring trillions into the private sector. I do not believe we will have a V type recovery but I do believe we will begin a phased recovery and inflation will not surface beyond what it already has until later .  
Should Trump win re-election I suspect he will be confronted with inflation well before the end of his second term. Should Biden win, which I believe is a very long shot, all bets are off about everything because I believe he will be a disaster.

Nixon listened to Treasury Sec. Connally more than Burns and , I believe, that was a serious mistake. Connally was a lawyer, a politician in the vein of Johnson and knew little about economics.

The $64 question is will Trump listen to Mnuchin and stop badgering the Chairman of the Fed?

Economic circumstances are profoundly different between now and when Nixon was president but pernicious inflation is still a likelihood considering the trillions that have been supplied by The Fed. Inflation and money supply are inextricably linked,
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