Intro: World’s watching and wondering how the United States is able to give record amounts of federal subsidies without triggering massive inflation and looking for a hint of a spending slowdown. So, what can a bailout-based administration do to keep the gravy train giveaways going? Simple: They are now shifting bailouts to the individual 50 states. According to The Hill, Joe Biden is calling on state and local governments to give away $100 payments to every unvaccinated member of each state. While it sounds like a tiny giveaway, if you do the math, we are talking of many BILLIONS of dollars. Helping sort out the latest federal to state sleight of hand, is our economic expert guest Jack Hanney who says we should be concerned– very concerned. (Chyron to read: Jack Hanney, CEO of Patriot Gold Group).
Talking Points:
- What’s a measly $100 per person or even a $1000 per person to help incentivized vaccines and help boost the economy? After all, its’ just the states giving it away this time, right?
NOTE: If it’s the states alone, then why is the US Treasury partnering with the Department of Health and Human Service to oversee this ‘states’ relief effort.
- How have past government subsidy checks impacted our economy and employment?
- Recently U.S. Job Openings hit a RECORD high 9.2 million but virtually no one wants to go back to work while they’re making more staying at home. Do you see a change in sight?
- The FED rates are at record lows with promises that they will not raise rates in the next few months. What impact can that have on inflation?
- Gasoline, Groceries and building supply prices gone through the roof. So, why aren’t we seeing the official inflation numbers much higher?
- The Fed’s ULTRA loose monetary policy and Biden’s addition $1.9 Trillion in addition to the has been substantially EXCESSIVE and there’s ANOTHER 2T sitting in CASH on the balance sheets of banks.
- Due to supply chain issues and this MOUNTAIN of FREE MONEY, Rolexes are sold out and Louis Vuitton can’t keep a handbag in store or online … EVERYONE’S spending. Where is this all headed?
- But here’s the conundrum: If the FED doesn’t RAISE rates, hyperinflation will destroy wealth and the USD. But if the FED raises rates, it will destroy the economy and stock market. This looks like a zero-sum game. Are we missing something here?
- You have been quoted as the US economy being on the cusp of a “Volcker Moment” where Fed Chair Paul Volcker hiked rates to tackle inflation in 1980-1982 resulting in a double dip recession, ONLY this time the GLOBAL DEBT is THREE TIMES HIGHER than it was in the 1970’s and “anti inflationary policy will lead to a CATASTROPHIC depression rather than a sever recession.
- Tell us about your company and who you help individual investors and where may we get more information on Patriot Gold Group?
ABOUT JACK HANNEY
Jack Hanney has been in the financial markets for 25+ years and is widely heralded as an expert in his field.
Jack was born and raised in Westchester County, NY. Jack subscribed to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under Investor’s Business Daily founder William O’Neill.
Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before cofounding Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over half a billion dollars in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner. Jack resides in Los Angeles, California with his wife Amy and is the proud father of his two daughters, Kate age 13 and Luna age 21 & their two dogs Roxy & Daisy.
CONTACT: To schedule an interview with Jack Hanney, email jerry.specialguests@gmail.com or reach Celinda Hawkins at cemison@gmail.com or call (432) 349-2736.
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