https://rumble.com/embed/v1ela8h/?pub=4 While many are praising Biden for maintaining his campaign promise to cancel student debt, others are furious that the costs will be passed on to the taxpayers. Even Mitt Romney accused Biden of bribing voters before the midterms. “Biden's student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers
That the post-industrial era of fiat currencies is coming to an end is becoming a real possibility. Major economies are now stalling while price inflation is just beginning to take off, following the excessive currency debasement in all major jurisdictions since the Lehman crisis and accelerated even further by covid. The dilemma now faced by central banks is whether to raise interest rates sufficiently to tackle price inflation and lend support to their currencies, or to take one last gamble on yet more stimulus in the hope that recessions can be avoided. Politics and neo-Keynesian economics strongly favour monetary inflation … Continue reading →
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glass steigel. in my view you have a situation now to be honest with you where it is not congress that regulates wall street is the power of wall street regulates congress. i am absolutely supportive of reinstating glass stegall you have to go further than that. you have six financial institutions today that have assets equivalent to the gdp of america. that s too much. we have to break them up. you mention that of course that deregulation in 99 which you did vote against. is it a fair assumption that because president clinton signed it, hillary clinton would be in the same camp? i don t want to make any assumptions at all. all i know is what my view is and my view is that most of the major banks today are actually larger than they were before we broke them up. number one, they have too much concentration of power, number two, i fear very much about another too big to fail scenario. i also want to ask had you
for them right now. if she decides ultimately she s against both trade promotion and the partnership that could cause a problem. elizabeth warren wrote a book where she said hillary clinton as a senator was in the clutches of wall street. it was under bill clinton. that was when democrats and republicans both voeded for. can she credbly pull that hup? martin o malley gave a speech this week and the inspire purpose of the speech was to talk about glass stegall and raising minimum wage to a lie level and opposing the trade deals. they think there is room to get her on this. but like as i was saying, there are progressives who are supporting her saying this is pretty good. the question is how it can shake out. unilaterally hillary clinton