Posted on 10/17/2021 2:14:23 PM PDT by bitt
Dr. Peter Navarro is warning the world about stagflation on the horizon as a result of insane Biden policies. He was on Steve Bannon’s War Room to discuss the scenario. Dr. Navarro was on with Newsmax as well:
If it was just inflation affecting the United States, that would be “manageable,” but instead a “stagflation” problem like the one that hit the nation in the 1970s is occurring under President Joe Biden, former White House trade adviser Peter Navarro told Newsmax on Saturday.
Federal Reserve Chairman Jerome Powell is “printing money,” Navarro told “The Count.” “That’s driving us to what we call demand-pull inflation. But then at the same time, we have the pandemic, coupled with the effects of the Biden administration cracking down on fossil fuels, giving us what’s called cost-push inflation.”
But during the Trump administration, “we were the Saudi Arabia of natural gas,” Navarro said. “One of the great triumphs of President [Donald] Trump was strategic dominance. The energy sector had the ability to export petroleum for the first time in 50 years.”
Now, under Biden, energy prices are going up quickly, which also drives up food prices.
“Meanwhile the supply chain is absolutely in tatters,” Navarro said. “When I was in the White House with President Trump it was to buy American, hire American, bring out manufacturing onshore. When you do that, you bring the supply chains onshore and you eliminate that risk of interdiction that we have now when the corporations love to offshore jobs.”
Peter Navarro was on with Steve Bannon on his War Room warning about extreme stagflation as well.
(Excerpt) Read more at thegatewaypundit.com ...
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It may be that all we have is the Ceaucescu remedy.
The oeftists are bound and determined to ruin America ON PYRPOSe.
This is not an inept seridipidous policy. Uts a war on America executed along Alinsky guidelines , executed by American Marixists. This is Obama’s 3rd term.
Americans, we need to take our country back, ASAP!
leaving open only the issue of what happens to savings for ordinary fixed income people... and what happens to those people...
so, precious metals, ammo, bugout mobility, 40 acres in a red sun belt state?
The oeftists are bound and determined to ruin America ON PYRPOSe.
_______________________
I think they are beyond leftists...They are communists :(
You know it seems to me that in many ways, we are all on fixed income—or sadly some with income going down...
What am I talking about?
1. People with lost income...lost their businesses in 2020/2021 due to the pandemic edicts brought about by the “’emergency’ powers” activated by governors and state health directors.
2. People are losing/leaving jobs due to the forced mandate policies I heard 4.3 million did just that in August.
3. Though some people can work multiple jobs and/or start a side-business(es); truly, how many people (retired or working) are going to able to raise their income to meet the impending hyperinflation (which we are starting to see).
If Navaro is correct, we are all going to feel some pain :(
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