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Edward McLaughlin
CNBC Television
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Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "CNBC Television" channel.
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Print trillions of dollars out of thin air and then wonder how this is happening? Is this the level at which US economic media coverage finds itself? It's the Fed, stupid.
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How can a bloke who is in the trade, not see what the Fed and the US Gov' are doing? To have all of the information at his disposal and not sense that the dollar is being flown as swiftly as possible into the ground, he has to be either a fool or a liar. I don't think he is a fool.
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These people are still soundly asleep to the reality of what central banks are doing. The inflation was intentionally baked-in over the past two years of their creating dollars/pounds/euros, out of thin air. This alongside the continued practice of restricting investment due to the ever-present prospect of a return to lockdowns-at-whim. All is going to plan for the central banks. They aim to have the working and middle classes reduced to peasant status, dependent on state handout. Since March 2020 their strategy has been to keep people frightened by the media BS, while they fly their respective economies into the ground.
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If, as Mrs Kelton states, government spending does not come from taxes, but is simply generated by clicking zeroes, why are we still paying taxes? What happens to the money I pay to my government?
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The inflating is being done right now - 1.9 trillions of it in just the latest tranche. The consequent dive in the buying power of all the diluted promissory notes on which the promise has been broken, is what these two are talking about.
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That's it then: all available treatments have been tried and there is nothing else they can do. No good way to say this Mr Dollar, but you are now on palliative care.
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Nice syrup mate!
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"By 2030 you will own nothing, and you will be happy" So in less than eight years, whatever possessions you might have preserved, will be taken from you and given to someone else? The 'opportunity' to buy anything seems to lose its appeal if we are to take Herr Schwab at his word.
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