By R.C.
Tue, Jun 14, 2022 5:51 p.m.
blackrock ceo Larry Fink blames nationalism and immigration restrictions for inflation
http://www.informationliberation.com/?id=63147
Inflation is always a monetary phenomenon.
Isn’t that why Milton Friedman won the Nobel Prize in economics?
Has nothing to do with labor supply.
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4 comments:
For years,everyone predicted that because of loose Fed policy(looser than Stormy Daniels at a gangbang),there'd be inflation,but year after year--inflation only showed up in stock prices.Now,the first thing to start deflating IS the stock market.
If the Fed breaks this market--and they want to--we may test the Covid low(2200 S&P).An out of the blue settlement in Ukraine would help ease some things like natgas,fertilizer and wheat.
But it better happen soon.
--GRA
Nationalism-where?Poland or Turkey?
Here in the U.S.,it's the opposite of nationalism--I'll throw a word out--implosionism.We're destroying our country.
As in Uvalde,for example,how would an 80% Mex,non-English speaking population,help our productivity and inflation-if you were to extend that city's demographics nationwide?Illegals and immigrants are not a boon to the economy if they can't contribute to anything but the Mex areas they live in.Where does Fink they can work?Will Fink next suggest I learn to speak Spanish--so they can assimilate easier?(Probably.)
--GRA
jerry pdx
Blackrock is the world's largest asset manager, to the tune of 7.3 trillion dollars, basically fiat money from the Fed. They've been pumping money into the economy at the behest of the Fed in order to "calm the markets": https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267
They want more people in this country to keep the economy growing and the stock market booming and they don't care where they come from. That's why the Dems, and too many Repubs also, want to open the borders, they think it's good for business. It's one of those Woke/lib contradictions, they all support open borders because it's a "progressive" issue but won't acknowledge that the real purpose for mass migration is to help the speculative wealth multi nationals and billionaires to get even richer than they already are.
FED RAISES RATES .75--MARKETS FALL TO NEW LOWS
GRA:The Fed(in cahoots with the commies)want to crash this market.I said it months ago,when the S&P was at 4600--now 3675.The goal is to bring us into a Depression and destroy what was America.Then,as food shortages and high priced gas cause backlash against the government and the rule of law(even more than the last two years)a totalitarian decree will be issued by the Biden administration to quell violence.The goal--they want us broke--and broken.
Diesel fuel prices are killing farming and transportation--and the commies love it.They're daring us to do something about it.Jan 6th Insurrection?We need 100 times that on July 6th.
--GRA
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