Inflation is a national security threat. Inflation will destroy the dollar. Inflation will destroy the middle class. Inflation is a key factor to transform the United States from a republic to a democracy, to socialism, to communism.
The inflation threat we have in our country could be rectified very quickly. This bout of inflation was intended. Inflation happens when more dollars are available to buy the same amount or fewer goods. To create the kind of inflation we now have, you greatly increase the money supply. This is done by borrowing and by printing dollars.
At the same time, you reduce the goods available. This was done when oil production was reduced. Oil is critical in making goods, in transporting goods, and is critical for all Americans for transportation, heating, and energy. When the oil production was reduced, it immediately started the inflation spiral.
How can we end the inflation? We immediately lift the bans on oil and gas production imposed by the current regime. We import oil from Canada. Yes, it is available, and Alberta said they can supply us with more oil. We go back to a sane energy program. We move on from John Kerry and AOC and the Green New Deal.
Secondly, we stop spending money we do not have. Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said we need to “start dealing with the deficit as part of trying to bring down the pressure on inflation.”
Rattner said, “I think it’s a combination of issues…obviously. I think you certainly have to put the Fed near the top of the list for putting…$6 trillion literally into the economy in the form of low interest rates and buying bonds and things like that. You do have to fault, a bit, the Biden administration, and the size of the rescue packages that they tried to get passed, put aside the ones that got passed. There’s something over $2 trillion in consumer bank accounts that they haven’t been able to spend due to the pandemic that is now coming out, and that’s a lot of what’s driving this.”
The solution is obvious. But, when your policy is to destroy our republic, inflation is a great help. This is why the Democrats will continue to borrow and spend, and continue to cut oil and gas production even more. They do not want to solve the problem of inflation; they want to create an even bigger problem.
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