Former US Treasury Secretary & NEC Director admits the point of lax US immigration was to cap labor wages to subjugate US middle- & working-classes to support the UST mkt (ie, certain Wash DC interests & Wall St), which has driven record US wealth inequality & political instability
"I think every sensible American thinks we need to do more to secure our border. But if you're talking about deporting millions of people, that is an invitation to labor shortage and bottlenecks. I hope Trump will get the message from this election and adjust his program so that it is not inflationary. I certainly hope that if his program is inflationary, it will not be accommodated by the Federal Reserve."
📎 Luke Gromen
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.