One of the most powerful financial firms in the world, Deutsche Bank, has now issued a dire warning to the US warning of the danger Joe Biden’s economic policies pose to the country.
As The Hill reports:
On June 7, Deutsche Bank issued its first report of the new series, titled “Inflation: The defining macro story of this decade.”
According to the report, “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”
That could be deemed an understatement considering that the U.S. economy is already experiencing “uncomfortable” inflation.
…
The Deutsche Bank report concludes with this dire warning, “We worry that inflation will make a comeback. Few still remember how our societies and economies were threatened by high inflation 50 years ago. The most basic laws of economics, the ones that have stood the test of time over a millennium, have not been suspended. An explosive growth in debt-financed largely by central banks is likely to lead to higher inflation. … Rising prices will touch everyone. The effects could be devastating, particularly for the most vulnerable in society. Sadly, when central banks do act at this stage, they will be forced into abrupt policy change which will only make it harder for policymakers to achieve the social goals that our societies need.”
But with Biden and the Democrats seemingly hellbent on expanding the money supply and national debt even more with a massive ‘infrastructure’ plan it seems Deutsche Bank’s warnings are falling on deaf ears.
God Himself could come down and tell Biden and these leftist idiots to change course and they’d not listen. To quote Forrest Gump – “Stupid is as stupid does”!
Just Plain Right!
They don’t believe in God, first of all.
Biden and the democrats want to destroy America.
For crying out loud, we’ve been regaled with dire warnings every 5 minutes from these ‘economists’. We’re letting our government bankrupt this benighted country while they offshore our jobs and finagle with foreign governments. I guess we deserve to have the economic rug pulled out from under us. Like sheep, we’ll be sheared regularly while we baaahhh and bleat the party lines of socialists and tyrants.
You can bet your ass that the interest on your investments won’t be rising in conjunction with inflation! Good job Pedo Joe and the Rats……….You too, RINOS!
The Inflation rates we’ll experience could match those of Venezuela, if we keep allowing our government to operate with expanding deficits. Those people are supposed to budget our taxes prudently, not compile debts to irreconcilable amounts.
Great Depression 2 ahead??
This is the democrats plan to socialism then communism. Doing a great job so far.
Joe Biden will Cause FINANCIAL COLLAPSE of America. This Will Trigger SECOND GREAT DEPRESSION.
Depression and then we end up like Venezuela – total collapse of the US, and that is what the democrats want. Then STUPID people will beg the government for help and the full communist takeover will happen. BEWARE!
it seems that byden and comrades do not care how much damage he is doing to this country.they are hell-bent to kill the constitution and bill of rights and destroy the world class economy that we had with Trump…
I would like to publicly thank all the MORONS who voted for Joe Biden. This is all your fault. You should be proud.
Pres B must remember the Carter years and the result of the policies he is repeating.. Even dementia doesnt block memory from the not recent past so he has no excuse! GHWB lost an election because he could not deliver on his promise, “no new taxes”. How times have changed–Biden “won” with his promise “TAXES WILL RISE UP AS SOON AS POSSIBLE”
Democrap sleepy Joe Biden, the Putz in Chief, is using AOC’s failed economic policies!
Are those AOC’s bar policies?…Including tips?
Impeach the dented criminal – Now Rep Greene levied Articles of Impeachment some time ago what happened to them
Time for S–T to happen
I’m afraid USA is in for a major chastisement, the likes of which it hasn’t suffered since The Great Depression. My Mother and Father remembered those times. This will be worse. We still were a God fearing nation back then. Capitalism and free market principles brought us back to life.
It looks like Joe Biden and the perverted Democrat Party are hell-bent on the destruction of the country. And what better way to destroy the country than to destroy the American economy. And THAT is easily done by a run-away inflation – like the one that destroyed the German Weimar Republic, just before Adolph Hitler took over. And just WHERE is the pro American military when the people really need them? Out to lunch, or just taking a break??? Wake up, Americans!!
Biden and his creeps or cronies are deaf, blind and extremely stupid and don’t care about anyone or anything but being hell bent on destroying America and Americans.
This has been a effort on these super rich that will be the ones to get the big payoff when we all have nothing. And you have these really stupid people just foaming at the mouth to get stuff for free whhile they are to stupid to understand that in a few years they will be eating garbage and then crying. This is what you get when people want something for nothing, when they want instant gradification at anybody else expense. Yes we have become lazy and stupid. Kinda evolution in reverse.
You’ve got the general idea. Capitalism works IF it is capitalism. Socialism focuses government upon the gentry to deprive them of everything: Money, Civil Rights, Property, Cultural Stability, Sovereignty and lastly any Vestige of a Constitution. Hugely wealthy people are not affected by these campaigns, mainly because they’re either coerced to fund political candidates (Call this a Protection Racket. Better yet, Extortion) or they’re hip and thigh with our leaders. The old song about the Rich getting Richer has never gone out of style.