The Democrats plan hyperinflation because they believe that the government can pay for all of their expensive programs by printing more and more money.
Taking a page out of their radical, progressivist playbook, the Democrats plan hyperinflation to finance massive spending increases and new entitlements. In fact, many Democrats are embracing the ideas of economist Stephanie Kelton or “Modern Monetary Theory.”
However, even liberal Nobel-Prize-winning economist Paul Krugman calls Kelton’s ideas a “blueprint for hyperinflation.” In particular, Kelton believes that the government will never go bankrupt because the treasury can print all the money it wants.
So, the government can supposedly spend all the money politicians want. Consequently, Kelton’s theory is now “the biggest idea in Washington,” The Huffington Post claims.
Just How Will The Democrats Plan Hyperinflation?
The Democrats plan hyperinflation by increasing the money supply, The Week’s James Pethokoukis claims. As a result, the Democrats plan to make Kelton’s ideas function as national policy.
Particularly, Democrats will issue an unlimited amount of debt to pay for programs such as basic income, free college tuition, Medicare For All, and a jobs guarantee. Astonishingly, Kelton believes the government can pay for all that without raising taxes through the printing of more and more money.
Conversely, Krugman believes that this practice will cause an inflation rate of 12% a month or 144% a year. This will destroy your money because $1 will be worth 1.44¢ after merely a year of such hyperinflation.
As a consequence, a $62,000 annual salary will be worth $7,740 per year under Modern Monetary Policy. Notwithstanding, the U.S. Department of Health and Human Services sets the poverty rate for a family of four at $25,750 a year. Because of this, Modern Monetary Policy will impoverish most Americans.
Why Wall Street And The Democrats Plan Hyperinflation
Krugman also thinks that the monthly inflation rate from unlimited government spending could exceed 400%. Specifically, an item on the McDonald’s Dollar Menu could cost $40,000 after only 10 months of Modern Monetary Theory.
Under these conditions, most investments including savings, bonds, and real estate will lose most of their value. Yet, some investments like stocks, gold, silver, and cryptocurrencies could grow in value under hyperinflation.
For this reason, many investment bankers, speculators, hedge fund managers, and stock investors like inflation. Therefore, many people on Wall Street may welcome Kelton and her economic “ideas.”
Democrats’ Blueprint For Hyperinflation Could Lead To Hunger, Riots, And Civil War
Notably, Modern Monetary Theory is currently being employed in Venezuela where it is a spectacular failure.
For instance, Venezuela is experiencing widespread hunger because millions of people cannot afford food. Moreover, one-third of Venezuelans eat only one meal a day because that is all they can afford, The Miami Herald reports.
Hyperinflation leads to food shortages because prices increase faster than families’ incomes. Consequently, people cannot afford to buy food. Beyond hunger, hyperinflation leads to civil unrest and crime.
For example, a National Guard unit from a poor neighborhood in Venezuela’s capital of Caracas mutinied recently, The Herald states. Additionally, riots killed 16 people and injured 228 protesters in Venezuela last week, Newsweek claims.
Hyperinflation could lead to civil war in Venezuela because two men claim to be president. Socialist incumbent Nicolás Maduro claims to have won the last presidential election. Nonetheless, rival socialist Juan Guaidó also claims to be president.
Democrats’ Blueprint For Hyperinflation Could Turn America Into Venezuela
Hyperinflation is destroying Venezuela because of two decades of uncontrolled spending by Maduro and his late predecessor, Hugo Chavez. Presently, the International Monetary Fund (IMF) estimates Venezuela’s inflation rate at one million percent.
In essence, the Democrats’ blueprint for hyperinflation could change America into Venezuela. Remarkably, Venezuela was the richest country in South America until they elected Chavez in 1998.
Nevertheless, the Venezuelan economy shrank by 30% between 2013 and 2017 due to hyperinflation, the IMF calculates. Furthermore, Venezuela’s gross domestic product (GDP) shrank by 18% in 2018.
Now a cup of coffee in Venezuela costs two million bolivars, Forbes contributor Garth Friessen estimates. Meanwhile, Statista asserts that the average cup of coffee costs $3.12 in New York, which is one of America’s most expensive cities.
To clarify, the Bolivar is Venezuela’s national currency named for Simón Bolívar. Bolívar was the general who led Venezuela’s revolution against Spanish imperialism in the 19th Century.
Democrats Plan Hyperinflation Despite The Venezuelan Catastrophe
The Democrats are still planning hyperinflation through Modern Monetary Policy despite the Venezuelan disaster.
As an illustration, Democratic presidential candidate and U.S. Senator Kamala Harris plans to pay every American family a $500 per month basic income as a “tax refund.” Harris’s rival, U.S. Senator Kirsten Gillibrand (D-New York), wants a jobs guarantee and a “Green New Deal.”
A jobs guarantee offers all unemployed people a $15 an hour government job with health insurance. In addition, the Green New Deal is yet another massive spending program that serves to switch America from fossil fuels to green energy. And then there’s Democratic frontrunner Bernie Sanders, of course. He wants the government to pay all of the costs of healthcare and college for every American.
Democrats Could Implement The Blueprint For Hyperinflation In 2021
Currently, Republicans can block the Democrats’ blueprint for hyperinflation because they control the U.S. Senate and the White House. However, the 2020 elections are just around the corner.
If Democrats wind up controlling both the Senate and the White House, then they would be able to implement their blueprint for hyperinflation as early as January 2021. Ultimately, America could experience the Democrats’ plan for hyperinflation with very little time to brace for the chaos.
You may also enjoy reading an additional Off The Grid News article: Media Pundits Declare That The American Middle Class Is Dead
Or download our free 37-page report that discusses how to keep your gold safe & secure: Hide Your Gold
What are your thoughts on the Democrats’ plan for hyperinflation? Let us know in the comments below.
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NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls
New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.
The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.
The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.
“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”
The Ultimate Energizer Review – Does It Really Work?
If you’re looking for a review of the ultimate energizer guide then you have come to the right spot because in this exclusive article we’re going to blow the lid off the ultimate energizer once and for all and reveal weather it is the real deal or not.
This brings us to the review of the ultimate energizer guide. This is a program that provides users with classified information on how to build a free energy generator. But can the program really make you achieve this?
does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.
The ultimate energizer review – is it worth it?
About The Ultimate Energizer guide
The ultimate energizer is your ultimate guide to building your own alternative and portable energy source to power up any of your household appliances including refrigerators and aircon units. It is a very affordable way to having an emergency generator that can help you save more than 50% from your electricity bills without spending too much on other alternative energy source like solar panels or wind turbines which is costly and will also need a lot of space.
The ultimate energizer causes you to be calm about the electricity bill. This well ordered guide shows you how to manufacture this claim “home energy gadget” today impeccably. This will dispose of your energy charge ensured.
It is lost to the earth which means we need to really take care of it in order to reduce the cost of energy bills which introduces the ultimate energizer guide.
About The Ultimate Energizer Creator
The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.
In this post, we will review the ultimate energizer whose creator claimed to offer a way through which you can generate non-stop current. According to the author, you can drop down your electricity bills by 80%.
Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.
Features of The Ultimate Energizer
The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.
You can find here, a extensive review which highlights all the important features and performance criteria of the ultimate energizer. Use of the the ultimate energizer is very easy since all of the functions can be accessed in a short time; you have complete control over it. 100% money back guarantee shows that the ultimate energizer really works. The ultimate energizer gives full customer support for 7/24/365, also, features, credibility and the ultimate energizer’s ease of use are favorably satisfied by the buyers.
Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.
Pros and Cons of The Ultimate Energizer
I’ve created this honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.
It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.
On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.
Does The Ultimate Energizer really work?
The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.
But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.
The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.
Advantages of The Ultimate Energizer Program
The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.
There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.
Why The Ultimate Energizer is Useful?
The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.
You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.
The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.
Is The Ultimate Energizer a Scam?
The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.
The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.
All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.
Watch this video demonstration of the ultimate energizer guide put into action
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