Senate approves a bipartisan trillion-dollar infrastructure bill that is ‘green new deal’ light.
GUEST: Jack Hanney, CEO of Patriot Gold Group. AVAILABLE: Immediately.
The economic impact of bad fiscal decision-making and financial policy by the Biden administration will have dramatic effects on average Americans and small business.
The Biden administration refuses to address the structural challenges in American society and believes that printing and spending more money is the answer; and unfortunately, he has twisted enough Republican arms that they are willing partners in the negative impact on our economy.
“American’s do not realize that in our Nation’s history, 40% of all the money ever printed has been printed in the past 15 months to address the pandemic—will the ‘infrastructure’ bill be the last straw to our fragile economy?” – Jack Hanney, CEO of Patriot Gold Group.
Biden’s Competition Executive Order:
Explain why printing money and overspending is a recipe for economic disaster.
Democrats release their $3.5 trillion budget resolution and a $1.2 trillion “infrastructure” bill that isn’t about infrastructure; but if it passes American fiscal history will be made, can you share what that means? What’s in this bill?
Answer: This is not the kind of American history that reflects positively on our leaders. Of All the money that’s EVER been printed since the inception of The United States 40% of it has been printed in the last 15 months addressing the Covid Pandemic.
Answer: Universal Preschool, Free Community College, the Dems stuffed $25M in the CARES Act to the Kennedy Center for the Arts, and more pork spending.
Today’s government spending is unprecedented, what are the prospects for continued inflation? Will it get worse?
Answer: “We’re already seeing double digit inflation, groceries and gasoline have doubled, building supplies tripled, we have 70’s era hyperinflation going on right now and The Fed is backed against a wall, either a Volcker Moment like Fed Chair Paul Volcker raised rates 1980-1982 causing a double dip recession or the US Dollar will disintegrate due to hyperinflation.”
Answer: It’s not a question of if, but when. Of course, there will be inflation. Just as most roofers learn, as much as they are careful balancing on slanted roofs, at some point in their careers, the law of gravity kicks in and they fall. The law of supply in demand is the same. While you can cheat death on the short term, spending like this is the recipe for the death of the dollar.
How will Wall Street react?
What is your read on Bitcoin?
GUEST: Jack Hanney is the CEO of Patriot Gold Group, with more than a quarter-century of experience in financial markets and trading.
MEDIA CONTACT: Tamara Colbert, e: tamara@ohsweetliberty.com, c: 626.244.5571.
