Insight - June 1st, 2022
Insight
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01-Jun-2022
In 2020, the United States was showing some economic growth; but now, the U. S. has doubled its balance sheet. Today on Insight, John and Josh Rosenstern discuss the state of the American economy as President Biden meets with the chairman of the U.S. Federal Reserve bank, and the Secretary of the Treasury. Brother John says President Biden now says he will put all his attention into the central bank, which only means more manipulation of the U.S. money supply. With regards to our current inflation, Brother Josh says the latest poll shows that one third of Americans making 250-thousand dollars a year are living paycheck to paycheck. While the cost of living is going up, and people try to maintain their standard of living, they are seeing their personal savings, retirement funds, and investments being depleted. Brother John says this creature was created by Congress and must answer to Congress as the Central Bank creates and destroys wealth as they see fit to suit the policies of the existing Congress or President to satisfy their own desires.
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