Top Economist Warns Biden Is Lying: ‘Every American’ Will End Up Paying in a Big Way for His Program

[mystery-ak]

Top Economist Warns Biden Is Lying: ‘Every American’ Will End Up Paying in a Big Way for His Programs

by Martin Walsh
about an hour ago

A top economist is warning that that “every American” will end up paying in a “big way” for Joe Biden’s radical policies.

During an interview on Fox News with host Tucker Carlson, economist Peter Schiff predicted that inflation will essentially become a “Biden tax” that every American will feel because of Biden’s out-of-control spending.

Schiff said the federal government is printing so much cash to pass these “recovery bills” that it will eventually create an increase in prices that will be felt far and wide.

In other words: Schiff says the price of goods that Americans use every single day will continue to get more expensive.

Carlson began by saying: “inflation is rising much faster than virtually any economist in the country predicted… the year-over-year gain in the consumer price index is up 4.2 percent … the fastest jump in 13 years, since the 2008 meltdown.”

“The rise in what’s called the core consumer price index, that excludes food and energy, is the highest in 40 years — since 1981,” Carlson added.

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[Bigun]

Inflation! The cruelest tax of all as it steals what you have already earned and been taxed on.

[Hoodat]

Inflation! The cruelest tax of all as it steals what you have already earned and been taxed on.

It is also a tax imposed on everyone without Congress having to vote on it.

[Bigun]

It is also a tax imposed on everyone without Congress having to vote on it.

 

[DefiantMassRINO]

You knew the jig was up years ago when China asked for US Treasury Bonds denominated in gold instead of dollars.

A hundred trillion dollars doesn't go as far as it used to ...

[Hoodat]

You knew the jig was up years ago when China asked for US Treasury Bonds denominated in gold instead of dollars.

I knew the jig was up when the US Treasury stopped issuing bonds in exchange for existing dollars and started selling bonds to the Fed for imaginary dollars at negative interest rates.  There is no longer any accountability for federal spending, nor is there a need for anyone to pay taxes ever again.  Government excess is now funded by electronic printing presses.