Anonymous ID: ec4fd3 Aug. 5, 2022, 1:17 a.m. No.17060158   🗄️.is đź”—kun   >>2674

Obama Treasury Secretary Blames 'Insurrection'-Deniers For Inflation, Warns US At "Risk Of Recession" In The Next Year

 

Former Obama administration Treasury Secretary Larry Summers predicted the United States will enter an economic recession and suggested the possibility of yet higher gas prices than the country is currently seeing.

 

“I think the optimists were wrong a year ago in saying we have no inflation and I think they are wrong now if anyone is highly confident that we are going to avoid recession,” he said on CNN’s “State of the Union” on Sunday, adding that Treasury Secretary Janet Yellen’s and Federal Reserve Chair Jerome Powell’s predictions are “too optimistic.”

 

A combination of high inflation and low unemployment is “always followed within two years by recession,” Summer said, adding,

 

“I think there is certainly a risk of recession in the next year and I think given where we have gotten to, it is more likely than not that we will have a recession in the next two years.”

 

Finally, Summers has found a new culprit behind America’s inflation crisis: Republicans who downplay the severity of the January 2021 US Capitol riot.

 

“I think the banana Republicans who are saying that what happened on January 6 was nothing or OK are undermining the basic credibility of our country’s institutions,” Summers said on Sunday in a CNN interview.

 

“And that, in turn, feeds through for inflation. Because if you can’t trust the country’s government, why should you trust its money?”

In an exchange with CNBC last week, Yellen said, “I don’t think we’re going to have a recession” in response to a question about stripper-turned-rapper Cardi B’s recent Twitter post that asked, “When y’all think they going to announce that we going into a recession.”

 

“Don’t look to me to announce it,” Yellen said, adding,

 

“We have a very strong economy. I know people are very upset—and rightfully so—about inflation. But there’s nothing to suggest inflation if a recession is in the works.”

 

With gas prices officially hitting an average of $5 per gallon across the United States, the Department of Labor confirmed that inflation rose 8.6 percent year-over-year for May—a number not seen in four decades. That’s a 0.3 percent increase from April, which saw a year-over-year increase of 8.3 percent.

 

The Biden administration and Democrats have struggled to deal with the price jump, blaming it on supply chain issues and Russia’s invasion of Ukraine as President Joe Biden recently signed a $40 billion deal in new aid to Kyiv. Biden and other Democrats have suggested that Americans mitigate the cost of fuel by purchasing electric vehicles, which may be cost-prohibitive or impractical for many.

 

https://www.zerohedge.com/political/obama-treasury-secretary-blames-insurrection-deniers-inflation-warns-us-risk-recession

Anonymous ID: ec4fd3 Aug. 5, 2022, 1:34 a.m. No.17061014   🗄️.is đź”—kun

>>17046313

>Yet another yuge B fan so happy that Q's board got compd.

Ah, yes. The dirty heretic B desecrated the sanctity of Q's holy board. Never mind what the message was, destroy the messenger! You created a believe system disassociated with logic last year. It was always untenable.

Anonymous ID: ec4fd3 Aug. 5, 2022, 1:56 a.m. No.17062596   🗄️.is đź”—kun

>>17057322

 

This is not arson, its a microwave laser weapon mounted on an airplane.

The people have no way of defense against this kind of tech except from God and space force.

The tech needs to be exposed.

 

Plane fags should be on this to see if helis or aircraft is in the area at the time.

Transponders would be off but worth a look anyway.

Anonymous ID: ec4fd3 Aug. 5, 2022, 1:58 a.m. No.17062639   🗄️.is đź”—kun   >>2674

After Joe Biden fell off his bike, people are remembering Chevy Chase's portryal of Gerald Ford as a klutz.

 

https://twitter.com/NavalInstitute/status/1538232385858330624?s=20&t=KNWo1K2OBs8LMrvxlAMDKQ

 

HAHA funny stuff! NO SMOKING!!

Anonymous ID: ec4fd3 Aug. 5, 2022, 2 a.m. No.17062781   🗄️.is đź”—kun

>>17060586

Facing Dry Year, CA State Water Board is Draining California Reservoirs

 

CA reservoirs were designed to provide a steady five year supply for all users, and were filled to the top in June 2019

 

https://californiaglobe.com/fl/ca-reservoirs-filled-to-top-in-2019-being-drained-by-state/