Obama Economic Advisor: Buckle Up, Inflation Will Get Out of Control Thanks to a Woke Fed

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Obama Economic Advisor: Buckle Up, Inflation Will Get Out of Control Thanks to a Woke Fed Antony ## Reporter 10/14/21 (Thu) 23:12:54 688b3d No.291295

By: Katie Pavlich

https://townhall.com/tipsheet/katiepavlich/

Former Obama Economic Advisor Larry Summers is warning that thanks to a "woke" federal reserve, inflation is about to be driven into out-of-control territory.

The White House is attempting to downplay rapidly rising inflation. Chief of Staff Ron Klain is referring to the issue as a "high class problem," despite prices on everyday household products and groceries significantly increasing in recent months.

Press Secretary Jen Psaki said during Wednesday's briefing that Americans aren't really paying attention to details or comparing costs.

Meanwhile, over on Capitol Hill, leading woke Senator Bernie Sanders, who is the chairman of the Senate Budget Committee, is standing firm with House socialists to pass President Biden's $3.5 trillion spending plan.

https://townhall.com/tipsheet/katiepavlich/2021/10/14/obama-economic-advisor-buckle-up-inflation-will-get-out-of-control-thanks-to-a-woke-fed-n2597455

____________________________

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Anonymous 10/15/21 (Fri) 11:03:08 1e209e No.291303

As announced on March 15, 2020 (under the Trump presidency), the Federal Reserve Board reduced reserve requirement ratios to zero percent effective March 26, 2020.

Reserve requirements are the percentage of cash banks must maintain to cover outstanding loans.

Historically the requirement has averaged about 10 percent.

The Reserve requirement is one way the FED has of manipulating money supply.

Lower reserves means banks can issues more loans without having the cash to back those loans.

Also in Mar. 2020 (under the Trump presidency) The FED announced would be doing $700 billion in asset purchases (renewed quantitative easing, spun by Trump as "not-QE", since he constantly criticized the practice under the Clinton presidency).

This then quickly became QE Forever.

The unprecedented rapid rise in money supply (a whopping 96.1 percent in Aug.) began under the Trump regime.

Helping trigger the massive inflation problem currently being experienced.

REMEMBER TRUMP'S FREE TRUMP BUX MASSIVE MONEY GIVEAWAY?

A PRECURSOR TO BIDEN'S CONTINUED MASSIVE FREE MONEY GIVEAWAY?

IN FACT, LITTLE HAS CHANGED FROM TRUMP TO BIDEN.

HENCE THE CONTINUED RAPID DETERIORATION.

BUT AT LEAST THE BILLIONAIRE NEO-FEUDAL LORDS ARE GAINING EVER MORE MASSIVE WEALTH & POWER…….

REGARDLESS WHETHER GOP OF DEM LEADERSHIP (both of whom exist most solely to serve those neo-feudal Lords).

WAKE UP YOU GODDAMN MORONS!

WEAK MINDS NEED STRONG LEADERS!

THERE IS NO INDEPENDENCE WHEN THERE IS COMPLETE DEPENDENCE ON ANY POLITICIAN AND/OR PARTY.

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Anonymous 10/15/21 (Fri) 14:51:45 5e80b8 No.291304

It's just another piece in the Great Reset puzzle.

The Plandemic, C0V1D, rigged elections, hyper inflation, globalist crony capitalism and corporate monopolies, open borders, race wars, etc. The American Empire will collapse soon. Only 9 years remain until checkmate. "You will own nothing and you will be happy."

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Anonymous 10/15/21 (Fri) 17:16:17 b98219 No.291306

>>291295

Central banking was the cancer all along. It always has been and always will be. The Federal Reserve should have been abolished by now. If not now, it will have to be later after they completely destroy our economy!

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Anonymous 10/15/21 (Fri) 17:19:15 b98219 No.291307

>>291304

I'll still own my home, property and my assets and if they try taking that away from me I'll shoot the God damned bastards so help me. When this system crashes I'm not going to crawl on my hands and knees back to them begging. No way. I have been preparing to become fully self-sufficient, even off-grid when need be. Rural and armed for live.

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Anonymous 10/15/21 (Fri) 18:15:32 6387e6 No.291308

“The public is so concerned about their loss of income, they don’t even notice the inflation. Bwahaha.” — Whitey House Press Secretary.

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Anonymous 10/15/21 (Fri) 18:17:46 acf3b3 No.291310

>>291307

>

>Password

yeah but does you gotcho shots?

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Anonymous 10/15/21 (Fri) 20:24:54 48c4c7 No.291314

File: 7783a401bc9ac2d⋯.jpeg (63.37 KB, 1192x400, 149:50, B91820BC_573E_4FB5_AD65_F….jpeg)

>>291303

This money supply was increased x4 fold after biden took office, you silly goose.

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Anonymous 10/15/21 (Fri) 20:51:00 48c4c7 No.291315

File: 7783a401bc9ac2d⋯.jpeg (63.37 KB, 1192x400, 149:50, B91820BC_573E_4FB5_AD65_F….jpeg)

>>291303

This money supply was increased x4 fold after biden took office, you silly goose.

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