(Big League Politics) – Twitter CEO Jack Dorsey is warning of “hyperinflation” that is on the horizon because of the profligate policies of President-imposed Joe Biden.
“Hyperinflation is going to change everything,” Dorsey tweeted Friday night. “It’s happening.”
“It will happen in the US soon, and so the world,” he added in a subsequent tweet.
Big League Politics has reported on how the Federal Reserve is driving these policies with an assist from the wild spending of the Biden administration:
“Fox News host Tucker Carlson exposed the U.S. central bank, the Federal Reserve, during an episode of his eponymous primetime show on Tuesday night.
Carlson said that although the Federal Reserve may have been initiated under a noble pretense, they have since strayed from their mandate and become hostile toward the dollar they are supposed to be protecting.
“It’s the classic story of the fireman turned arsonist, or for that matter, the COVID czar who helped to create COVID. Irony of ironies, it seems like we read a lot of those lately,” Carlson said.
He explained the inflationary process known as quantitative easing, which has been the policy on the books since the financial crisis of 2008. The markets are being pumped up with cheap money, and it benefits Wall Street while destroying the financial security of main street.
“Every month, Federal Reserve officials print more than $100 billion new dollars in American currency and then they inject those dollars in our financial system by buying assets like bonds and securities. This is not a normal thing to do. It is a radical thing to do, and it was supposed to be temporary. It was in response to a crisis,” Carlson said.
“In medical terms, quantitative easing is like chemotherapy. There are times when it can save your life but fundamentally, it is poison. If you keep taking it, it will kill you. Pretty much everyone agrees on that. And pretty much everyone understands that ultimately quantitative easing causes horrible inflation, and it is easy to understand why. You don’t need to be an expert. The more money you print, the less that money is worth,” he added…
He used many examples to show how inflation is skyrocketing, including rising food costs and the soaring cost of cars and homes. Carlson said that Biden’s insane government spending is making the Federal Reserve’s policies hurt Americans even moreso, but the elites don’t seem to care very much.
Carlson explained: “Now, in a normal country, this would be a huge concern. But because the people who make our policy don’t care about the middle class, this is a bargain well worth making. Bloomberg News just published a piece with this headline, which we’re not making up. They’re celebrating the disaster, “America needs higher, longer lasting inflation.”
“If you can even imagine writing something like this, does America need more emphysema to its grotesque? Now, most people may not know this is happening now, normal people don’t read Bloomberg News, they may be unaware that these attitudes even exist in what they assumed was their country, and the Biden administration would like to keep it that way. Would like to keep the population from finding out what’s happening,” he added.“
When even avowed globalists like Dorsey are admitting the writing on the wall, it is obvious that financial collapse is on the horizon. Precious metals and cryptocurrency may be hedges against an elite that is addicted to easy money.