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Thread: Larry Summers publicly warns Democrats they are going to cause hyperinflation

  1. #1

    Larry Summers publicly warns Democrats they are going to cause hyperinflation

    POLITICO Playbook: Larry Summers plays the skunk at the Covid relief party - POLITICO
    https://www.politico.com/newsletters...f-party-491653

    Democrats hit back at Larry Summers after he says they're going too far on relief spending
    https://www.msn.com/en-us/news/polit...ng/ar-BB1dqmxx

    Larry Summers says that the level of spending is far too much, many times more than is actually needed, and that inflation is going to spiral out of control in a way that has not happened in more than a generation.

    The bond markets are already uncertain in how to react to this level of uncharted Federal borrowing. The amount of dollars flooding into the financial markets is already causing a bubble. This new "relief" bill, and all the future bills Democrats plan to borrow more for their pet projects, will send the United States into an unknown metric. So be ready for some turbulence.



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  3. #2
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    Umm no sheet Sherlock? My God, I wish there was someone in politics that has been warning about this ever since he was elected to Congress. Oh yeah there was, yet MSM treats this like it is something new because an Obama official says something about it.

  4. #3
    Democrats don't care one bit. It's not like they're going to blame themselves for all the destruction that's about to happen.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  5. #4
    Quote Originally Posted by Anti Globalist View Post
    Democrats don't care one bit. It's not like they're going to blame themselves for all the destruction that's about to happen.
    I Believe that to be 100 percent correct . Even Ron Zeplin knows that .
    Do something Danke

  6. #5
    Larry Summers is great. He is the reason Bill Clinton was one of (if not the) best modern presidents on economic issues. He is left of center but he has always been a real economist.

    He understands how insane stimulus is right now. Unemployment is 6% and falling. Incomes are at all time highs. Consumer debt is at all time lows. Asset prices are at all time highs. The last thing the economy needs is stimulus.

  7. #6
    No worries, we'll all get a second job to help pay the taxes for it. This way they can reduce the unemployment rate to zero. Subsequently, they can raise the yield on treasury bonds to gobble up dollars. As the FED says ... there is no inflationary worries, rates near zero forever. LOL. It's all hocus pocus magic BS fiat money manipulation with politics to make this scheme seem legit.

    https://www.youtube.com/watch?v=iFDe5kUUyT0

  8. #7
    Congress is planning 3K Stimuli per child right now . Since they are planning on reducing the number of people getting the 1400 by lowering the income thresh hold and they will not lower the 2 Trillion amount they must be planning to blow the rest on that and pork . @Danke is going to need to work some OT , they are going to need mo tax monies .
    Do something Danke

  9. #8
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    Quote Originally Posted by Anti Globalist View Post
    Democrats don't care one bit. It's not like they're going to blame themselves for all the destruction that's about to happen.
    Same with Republicans too. They only care about spending when they aren’t in power.



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  11. #9
    ''There were four million people in the American Colonies and we had Jefferson and Franklin. Now we have over 300 million and the two top guys are Trump and Biden. What can you draw from this? Darwin was wrong.'' ~ Mort Sahl

  12. #10
    Quote Originally Posted by Anti Globalist View Post
    Democrats don't care one bit. It's not like they're going to blame themselves for all the destruction that's about to happen.
    Exactamundo. They've created the perfect media climate, one where they're the child who can do no wrong and those dirty apes the Republicans are the ones doing everything terrible.



    “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” – Thomas Sowell

  13. #11
    Quote Originally Posted by Snowball View Post
    ...
    Larry Summers says that the level of spending is far too much, many times more than is actually needed, and that inflation is going to spiral out of control in a way that has not happened in more than a generation.
    Yet most of Wall St cheers this insane borrowing and spending. Probably because they know the money really goes to them, not the ignorant, hand-out seeking masses that demand and vote for this spending.

    The bond markets are already uncertain in how to react to this level of uncharted Federal borrowing. The amount of dollars flooding into the financial markets is already causing a bubble. This new "relief" bill, and all the future bills Democrats plan to borrow more for their pet projects, will send the United States into an unknown metric. So be ready for some turbulence.
    It’s hard to talk about “bond markets” when there is no actual functioning market in bonds.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
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  14. #12
    Quote Originally Posted by Anti Globalist View Post
    Democrats don't care one bit. It's not like they're going to blame themselves for all the destruction that's about to happen.
    Most of them are severely mentally ill. A major part of that illness is unable or unwilling to have empathy for any of their victims.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  15. #13
    Quote Originally Posted by Krugminator2 View Post
    Larry Summers is great. He is the reason Bill Clinton was one of (if not the) best modern presidents on economic issues. He is left of center but he has always been a real economist.

    He understands how insane stimulus is right now. Unemployment is 6% and falling. Incomes are at all time highs. Consumer debt is at all time lows. Asset prices are at all time highs. The last thing the economy needs is stimulus.
    It's not insane once you really understand what their objectives are.
    Think in terms of premeditated murder. The plotting killer is less likely to be insane.
    Evil is sane, by the world's terms.

  16. #14
    Farm commodities are way up and no one has really planted yet.
    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
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    which one of yall fuckers wrote the "ron paul" racist news letters
    Quote Originally Posted by Dforkus View Post
    Zippy's posts are a great contribution.




    Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members



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