Broken Analytics: Willful Blindness Or Social Agenda?

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Riddick
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Broken Analytics: Willful Blindness Or Social Agenda?

Post by Riddick » 05-27-2021 11:34 PM

Transitory. The buzz word of the Federal Reserve. Treasury Secretary Janet Yellen and her propaganda puppet, the Federal Reserve, are peddling a story of economic recovery. However, Wall Street is finally waking up to the reality that our economy’s relationship with inflation is not a transitory one.

With issues such as broken supply chains and no accountability from the current administration, it is surprising it has taken so long for analysts to acknowledge it, even with their Biden blinders on. Slowly, more & more are concerned what recovery we have will not last, questioning inflation's “transitory” potential, and speculating about whether the Federal Reserve will need to raise rates.

According to Janet Yellen’s announcement this week, the answer is to raise taxes. Sounding increasingly more like a globalist, she stated President Biden needs to push his programs onto the shoulders of American taxpayers. Additionally she suggests we need to adjust our pay system, explaining we need strong intervention from labor unions and a focus on global competition.

We need higher taxes so we can get more “free” stuff. They want the unions to control the labor market — as the politicians control the union leaders. If the left can control the entire labor force of America, they will no longer need to host a press conference to tell corporate America to raise wages; they will have the power to do that organically.

So once again we are fed a message of hope wrapped in social control rather than truthful, mathematically based recovery. And what can be done to stop it? We have no firewalls. Not the House or the Senate. And if the HR.1 legislation is passed, whatever Janet Yellen, Joe Biden, or Kamala Harris want for America, it will be so.

It's a bleak picture. While political bias in economic analytics is nothing new, it is confusing to see analysts and U.S. leadership neglect such critical warning signs in our economy. It is a far cry from the American exceptionalism pursued by the previous administration. However, if the goal is economic globalism, then they are laying an impressive foundation.

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A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL

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