Can the U.S. Financial Crisis Be Averted?

Sorry, too late.

You just can’t turn a $24 trillion economy over to someone a clueless as Joe Biden and expect things to go well.

How many examples do you need?  It was just last week the President claimed that inflation was 9 percent when he took office, but he got it on the run.

Not even close!

The big Biden lie was too much even for in-the-bag media outlets like CNN and the Washington Post which had to set the record straight.  To wit:

Inflation was 1.4 percent when Biden took office.  It raced to a 43-year high of 9.1 percent in a year and a half.

You just can’t entrust a $27 trillion economy to someone like Biden and expect a financial crisis to be averted.

A couple more examples?

Okay:

Biden wants to drive people out of internal combustion engines and into electric vehicles.  But at the same time, as analyst Michael Shedlock puts it, “Biden wants EVs so badly that he will quadruple tariffs on them.”  That makes a lot of sense.   The same kind of sense that in a housing affordability crisis, Biden slapped tariffs on Canadian lumber.  So, are we surprised that lumber prices have risen 32 percent? 

You just can’t turn a $27 trillion economy to someone like Biden and expect a financial crisis to be averted.

You’ve probably seen this video of Jared Bernstein, the Chairman of the Council of Economic Advisors.  If you haven’t, please watch it and share it with everyone you know.  Bernstein is utterly confused about how US monetary policy works.   He is Biden’s chief economic advisor.

If the blind lead the blind both shall fall in a ditch.

You just can’t turn a $27 trillion economy to someone like Biden and his advisors and expect a financial crisis to be averted.

You cannot trust a monetary system run by these clueless people.  Gold doesn’t need a Chairman of Economic Advisors.  Its value is intrinsic and enduring.