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
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Top AI Executives are now officially anticipating a large-scale event, most likely a cyberattack, that shuts down access to financial services, internet connectivity, and even power and water. We need to prepare for this scenario right now.
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