Jo Jorgensen warned about inflation back in July of last year.
Her election was stolen by both Republicrats and Demicans but Republicrats dont wanna bitch and complain until only they get duped.
And people think she didnt have the capacity to lead our country, LMFAO!
We all warned what was to happen but nobody listened, Heil Prezident Dump! But its Groper Joe's fault, sure....
Presidential nominee says Republicans and Democrats will tap it anyway
GREENVILLE, S.C.; July 27, 2020— Dr. Jo Jorgensen, Libertarian for president, has released the following statement, warning of the danger of another massive COVID-19 bailout bill being negotiated in Congress:
I’d advise you to hold on to your wallet, but it won’t do you any good so long as Democrats and Republicans remain in power. To fund their bailout bills, the Federal Reserve is printing trillions of dollars out of thin air, which will tap your wallet, whether you hang on to it or not.
Democrats want to spend another $3 trillion for so-called economic stimulus. Donald Trump wants to spend another $2 trillion. Joe Biden wants to spend $2 trillion just on green energy.
We may soon see another $2 trillion spending package signed into law.
That’s in addition to the $3 trillion that Democrats and Republicans spent on the C.A.R.E.S. Act and other stimulus bills just in the last four months.
And that’s on top of the $1 trillion deficit they created by spending far more than they took in for this year’s budget.
That comes to at least $6 trillion in new debt in less than a year. To put this in perspective, $6 trillion buys half of all the gold in the world, even at today’s high price per ounce.
Where do Democrats and Republicans get the money to pay for this?
They can’t borrow it, because the Federal Reserve has kept interest rates artificially low. At these low rates, they can’t find enough buyers of Treasury bills to fund the debt.
Instead, the Federal Reserve buys T-bills from the government by printing trillions of dollars out of thin air. Poof!
Why should counterfeiters bother to print fake bills that might be worth a few thousand dollars when they can work for the Federal Reserve?
But won’t someone have to pay for all this, you may ask? Yes — you!
Politicians will take your wealth in the form of inflation. Prices will rise, making your dollars worth less.
How much will they bleed from your wallet when this bill comes due? Six trillion dollars in new debt amounts to an average of $36,689 in new debt for every working American (including those who are seeking work).
That is to say, politicians’ reckless new spending this year alone will likely cost you, on average, $36,689 in inflation, along with other forms of loss, which include future tax increases, lower wages, cuts in government benefits, or a combination thereof.
What will you get for your $36,689 loss? That depends on who you are.
If you’re a “too big to fail” corporation, K Street lobbyists have your back. You’ll probably see billions.
If you’re fortunate enough to own stock in those giant corporations, you’re seeing a stock market rise, thanks to the Fed. If you’re in the richest ten percent, which own 81 percent of stocks, you just saw your net worth increase an average of $220,000 since the stock market bottomed out in March.
If you’re a small business, you may get a loan. But for many, it won’t be enough. The Partnership for New York City estimates that one-third of all the employers in that city will be closing their doors because of the pandemic shutdown. It’s not much better elsewhere.
And if you’re an average American worker, for your $36,689 loss, you might get back another $1,200 stimulus check and a few more weeks of unemployment benefits.
Sound like a good deal to you?
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