Economics
Economics
Posted on Jul 13, 2021
‘Biden’s America’: Economists Issue Warning For Americans To ‘Brace Themselves’ For Years Of...
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A new report on Sunday highlighted concerns from top economists about the impacts of Democrat President Joe Biden’s massive government spending.
“Americans should brace themselves for several years of higher inflation than they’ve seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while,” The Wall Street Journal reported. “The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before. They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023. That would mean an average annual increase of 2.58% from 2021 through 2023, putting inflation at levels last seen in 1993.”
The report noted that inflation measures had jumped to their highest levels since the early 1990s and that the Biden administration may not raise rates until after the midterms to avoid more fallout at the polls from the administration’s policies.
“Americans should brace themselves for several years of higher inflation than they’ve seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while,” The Wall Street Journal reported. “The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before. They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023. That would mean an average annual increase of 2.58% from 2021 through 2023, putting inflation at levels last seen in 1993.”
The report noted that inflation measures had jumped to their highest levels since the early 1990s and that the Biden administration may not raise rates until after the midterms to avoid more fallout at the polls from the administration’s policies.
‘Biden’s America’: Economists Issue Warning For Americans To ‘Brace Themselves’ For Years Of...
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"Epic Mistake"? Fmr NY Fed Exec Worries About Fed Policies | "The Power of the Fed" | FRONTLINE
Peter R. Fisher spent more than a decade working at the Federal Reserve Bank of New York. In this excerpt from the new documentary "The Power of the Fed," he...
Thank you my friend Lt Col Charlie Brown on Sunday highlighted concerns from top economists about the impacts of Democrat President Joe Biden’s massive government spending.
"Epic Mistake"? Fmr NY Fed Exec Worries About Fed Policies | "The Power of the Fed" | FRONTLINE
Peter R. Fisher spent more than a decade working at the Federal Reserve Bank of New York. In this excerpt from the new documentary "The Power of the Fed," he has a warning about the actions of the Fed system of which he was once part.
“I feel as anxious today as I've ever felt about the financial world, because of my belief that the Fed has been pumping up asset prices in a way that is creating a bit of an illusion,” Fisher tells FRONTLINE correspondent James Jacoby in the new documentary "The Power of the Fed." "And I think it — I think the odds are now sort of one in three, very high, that we will look at this as an epic mistake and one of the great financial calamities of all time.”
Fisher, who left his role as executive vice president and manager of the System Open Market Account of the New York branch of the nation’s central bank in 2001, is just one of the former and current Fed insiders who speak with FRONTLINE in the new documentary, along with economists, journalists and titans of finance. From the award-winning investigative team behind "Amazon Empire" and "The Facebook Dilemma," "The Power of the Fed" examines the roots of the Federal Reserve’s attempt to avert financial crisis when COVID-19 struck and how the institution continues to pump billions of dollars into the financial system daily, more than a year later — a process Fisher criticizes.
The Fed’s response to COVID, the film finds, is the latest chapter in an experiment begun after the 2008 crash that involves both lowering interest rates to almost zero, and creating new money and injecting it into the financial system in a process called “quantitative easing. That experiment has been dramatically changing the American economy ever since — and was ramped up in a big way when the coronavirus pandemic hit, the filmmakers find, helping to stave off total economic collapse.
“We're lucky that the government was successful, or we could be living through a true depression,” Lev Menand, a former economic advisor to the Fed and the Treasury Department, says in the film.
https://www.youtube.com/watch?v=YD6uaIxtCaY
FYI MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. LTC (Join to see) COL Mikel J. Burroughs SMSgt Lawrence McCarter SSG Franklin BriantSPC Michael Duricko, Ph.D TSgt David L. SGT James Murphy 1SG Steven ImermanSPC Michael Terrell SPC Michael Oles SRSgt (Join to see) SSG Samuel Kermon MGySgt (Join to see)SPC Steve Irvine1LT Voyle SmithGySgt Jack Wallace LTC John Shaw
"Epic Mistake"? Fmr NY Fed Exec Worries About Fed Policies | "The Power of the Fed" | FRONTLINE
Peter R. Fisher spent more than a decade working at the Federal Reserve Bank of New York. In this excerpt from the new documentary "The Power of the Fed," he has a warning about the actions of the Fed system of which he was once part.
“I feel as anxious today as I've ever felt about the financial world, because of my belief that the Fed has been pumping up asset prices in a way that is creating a bit of an illusion,” Fisher tells FRONTLINE correspondent James Jacoby in the new documentary "The Power of the Fed." "And I think it — I think the odds are now sort of one in three, very high, that we will look at this as an epic mistake and one of the great financial calamities of all time.”
Fisher, who left his role as executive vice president and manager of the System Open Market Account of the New York branch of the nation’s central bank in 2001, is just one of the former and current Fed insiders who speak with FRONTLINE in the new documentary, along with economists, journalists and titans of finance. From the award-winning investigative team behind "Amazon Empire" and "The Facebook Dilemma," "The Power of the Fed" examines the roots of the Federal Reserve’s attempt to avert financial crisis when COVID-19 struck and how the institution continues to pump billions of dollars into the financial system daily, more than a year later — a process Fisher criticizes.
The Fed’s response to COVID, the film finds, is the latest chapter in an experiment begun after the 2008 crash that involves both lowering interest rates to almost zero, and creating new money and injecting it into the financial system in a process called “quantitative easing. That experiment has been dramatically changing the American economy ever since — and was ramped up in a big way when the coronavirus pandemic hit, the filmmakers find, helping to stave off total economic collapse.
“We're lucky that the government was successful, or we could be living through a true depression,” Lev Menand, a former economic advisor to the Fed and the Treasury Department, says in the film.
https://www.youtube.com/watch?v=YD6uaIxtCaY
FYI MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. LTC (Join to see) COL Mikel J. Burroughs SMSgt Lawrence McCarter SSG Franklin BriantSPC Michael Duricko, Ph.D TSgt David L. SGT James Murphy 1SG Steven ImermanSPC Michael Terrell SPC Michael Oles SRSgt (Join to see) SSG Samuel Kermon MGySgt (Join to see)SPC Steve Irvine1LT Voyle SmithGySgt Jack Wallace LTC John Shaw
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LTC Stephen F.
Larry Summers Issue’s A Dire WARNING To America
We know what works on YouTube and what fails. Fear sells. But this video is not about selling you an exaggerated version of events that point to America’s do...
Larry Summers Issue’s A Dire WARNING To America
We know what works on YouTube and what fails. Fear sells. But this video is not about selling you an exaggerated version of events that point to America’s downfall. Instead this is a real, powerful story backed by history, and validated by data right in front of our eyes. We are currently living in an era that will surely be highlighted in the history books. America has begun to recover from the world’s most significant pandemic in nearly 100 years. Real estate is booming, prices are surging, and the economy according to the stock market is headed towards nirvana. The question on everyone’s mind. Is this too good to be true, can we really just print trillions of dollars and buy our way out of a pandemic, or are we in the largest bubble known to man, dancing on a knifes edge within a bubble that once popped will usher in a world of depression, violence, and despair. To answer this great question I bring to you this guy. This right here is Lawrence Henry Summers. He’s the man who laughed off the Winklevoss twins in the Facebook movie as the then president of Harvard but is more importantly he is the former US secretary of the treasury under the Clinton administration
https://www.youtube.com/watch?v=bWzuhLDNR-o
FYI PO3 Charles StreichSP5 Geoffrey VannersonGySgt Thomas VickSFC (Join to see)SFC (Join to see)Cpl Robert Russell PayneCPL Cadrew StricklandSSG Michael Noll SGT Steve McFarland SGT Randal Groover SFC Chuck Martinez MSgt James Clark-Rosa PVT Mark Zehner A1C Riley Sanders SGT (Join to see)SMSgt Mark Venezio Lt Col Charlie Brown SFC Ralph E Kelley CPT (Join to see)SSG Bill McCoy
We know what works on YouTube and what fails. Fear sells. But this video is not about selling you an exaggerated version of events that point to America’s downfall. Instead this is a real, powerful story backed by history, and validated by data right in front of our eyes. We are currently living in an era that will surely be highlighted in the history books. America has begun to recover from the world’s most significant pandemic in nearly 100 years. Real estate is booming, prices are surging, and the economy according to the stock market is headed towards nirvana. The question on everyone’s mind. Is this too good to be true, can we really just print trillions of dollars and buy our way out of a pandemic, or are we in the largest bubble known to man, dancing on a knifes edge within a bubble that once popped will usher in a world of depression, violence, and despair. To answer this great question I bring to you this guy. This right here is Lawrence Henry Summers. He’s the man who laughed off the Winklevoss twins in the Facebook movie as the then president of Harvard but is more importantly he is the former US secretary of the treasury under the Clinton administration
https://www.youtube.com/watch?v=bWzuhLDNR-o
FYI PO3 Charles StreichSP5 Geoffrey VannersonGySgt Thomas VickSFC (Join to see)SFC (Join to see)Cpl Robert Russell PayneCPL Cadrew StricklandSSG Michael Noll SGT Steve McFarland SGT Randal Groover SFC Chuck Martinez MSgt James Clark-Rosa PVT Mark Zehner A1C Riley Sanders SGT (Join to see)SMSgt Mark Venezio Lt Col Charlie Brown SFC Ralph E Kelley CPT (Join to see)SSG Bill McCoy
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Inflation is coming and whether Bidens handlers choose to wait until 2022 to accept, or do anything, it is still going to happen. And we know who to blame...
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