American Corporate Community and its major players — BlackRock, Goldman Sachs, Bridgewater, Google, Microsoft, Intel, Twitter, and Musk — and, of course, Gates — that draws them to a plutocracy that would never hesitate to betray America for a financial advantage or an opportunity to be a part of a global powerhouse oligarchy complicit with and colluding with malefactor government tyrannies. (avarice, cupidity, and rapaciousness) JOHN DALE DUNN John Dale Dunn
Chris Hedges | People's Hearing of Goldman Sachs
THE DEMOCRAT PARTY OF BRIBES SUCKERS.. destroying America as fast as they destroyed America’s borders.
https://mexicanoccupation.blogspot.com/2022/04/the-democrat-party-of-corruption-and.html
“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes. This is the way a great country is raided by its elite.” ---- Karen McQuillan
Fmr. Obama Treasury Counselor Rattner: There’s ‘No Precedent’ for Fixing Inflation in Economy This Overheated Without a Recession
On Friday’s broadcast of Bloomberg’s “Wall Street Week,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that history “is not on the side” of a soft landing that brings inflation under control without causing a recession because there’s “no precedent” for fixing inflation in an economy as overheated as the current economy is without a recession. He also stated that economics isn’t the kind of science that can provide the level of precision avoiding a recession will take.
Rattner said, “I’m not at all in the camp of those who think that a recession is likely this year or probably even the second half — or first half rather, of next year. But, at some point, it becomes anybody’s guess whether we’ll get through this without a recession.”
He added, “History is not on the side of a soft landing. There’s really no precedent for bringing an economy this overheated, with inflation — whether it’s transitory, permanent, or whatever — running at this rate down to anything that looks like 2% without there being a recession. It would require the skill of the most experienced pilot in the world to achieve that kind of a soft landing. You have to really cool off demand. You have to, unfortunately, raise the unemployment rate, get some slack into the labor market, and that’s a level of precision that, economics is sort of a science, but it’s not that kind of a science.”
Follow Ian Hanchett on Twitter @IanHanchett
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