Twitter CEO Gives Frightful Warning About Economy Under Biden
It’s no secret that Joe Biden has completely destroyed our economy.
The Democrats are especially going to try and blame it on President Trump, but when he left office, we were still recovering very well. It wasn’t until after Joe Biden started implementing his stupid ideas to “Build Back Broker” that the crap hit the fan.
Normal inflation rates are around 2% per year and as of right now, depending on how you look at it, we’re between 5%-8%. And that number is still expected to go up.
The big guys like Jerome Powell are saying that we’re nearing the end and that the inflation is going to start tapering out, but that’s just what they say so that they can make people thing that everything is alright. It’s sort of like parents not letting their kids onto the bad things that are happening around them that they’re not aware of.
Twitter CEO Jack Dorsey said that the coming hyperinflation could and will change people’s lives forever. In a couple of short tweets he said,
“Hyperinflation is going to change everything. It’s happening.”
Hyperinflation is going to change everything. It’s happening.
— jack⚡️ (@jack) October 23, 2021
Then in the other he said, “It will happen in the US soon, and so the world.”
It will happen in the US soon, and so the world.
— jack⚡️ (@jack) October 23, 2021
CNBC reported,
The tweet comes with consumer price inflation running near a 30-year high in the U.S. and growing concern that the problem could be worse that policymakers have anticipated.
On Friday, Federal Reserve Chairman Jerome Powell acknowledged that inflation pressures “are likely to last longer than previously expected,” noting that they could run “well into next year.” The central bank leader added that he expects the Fed soon to begin pulling back on the extraordinary measures it has provided to help the economy that critics say have stoked the inflation run.
My personal perspective on the matter is that we likely won’t see hyper inflation because bonds are still showing to be valuable to investors. If we started seeing people losing confidence in bonds, then that’s when we’d see hyperinflation. So I don’t think that we’ll see hyperinflation necessarily, but we will see inflation, especially because of the mess we’ve got with the supply chain and the oil industry.