By Barry Ferguson
8/30/22
I’m sorry but I must ask the question. Are Senators Bernie Sanders and Elizabeth Warren the stupidest two people on Earth?
Agreed, there is a lot of competition for the title. Agreed, human intelligence is de-evolving faster than California can destroy itself.
Let’s examine a couple of statements Tweedle Dum and Tweedle Dumber made recently.
Senator Sanders chastised Warren Buffett for not paying his employees enough money. Senator Warren just worried aloud that the Federal Reserve Bank might push the US into a recession by raising interest rates.
Einstein mused that human stupidity was ‘infinitesimal’. Indeed. Ms. Warren seems to have a IQ equal to the square root of her shoe size.
Why is the FRB raising interest rates of late? Because inflation is now double digits in the US. That’s what the Fed does. They raise interest rates when inflation is increasing. Inflation is the erosion of the purchasing power of the US dollar. As we all know and experience daily, the price of everything from gasoline to food to rent is way up.
What causes inflation? Simply, too much money chasing too few goods.
Where did too much money come from? Presidents Trump and Biden have quadrupled the money supply over the last six years. This would not be possible without the money printing ability of the Federal Reserve Bank.
A few quick points.
One, the FRB has doubled its assets held to over $9 trillion. Where did they get the money to buy $9 trillion of US assets. Well, they stole it from you, sucker!
Two, covid was the main excuse for money printing under President Trump. Now, fraudster racist Biden prints money for the idiotic transition to ‘green’ energy and the equally idiotic Ukraine war. The fascist democrats are intent on bankrupting the country and the feckless republicans sit idly by while accepting bribes from fascist corporations. We the people, have no one on our side.
Three, oddly, money velocity has been in decline since the Clinton Presidency. Money velocity is simply a measure of how many times a dollar changes hands over time. As more money has been printed, less and less of it has made its way into the real economy. Banksters, crooked politicians, and corporations have made off with almost all of the money printed into existence. This is a core element of pure fascism - a limited few corporations working closely with government to enrich themselves. For instance, JP Morgan CEO Dimon earned about $20 million back in the early 2000’s as he ran his company into insolvency through the use of derivatives. Today, he still has his job but now earns twice what he did 20 years ago. This is why money printing ultimately does not help the average person and the economy continues to erode.
Combine the excess money printing with a contraction of goods available and we get inflation. The FBI and CIA have most certainly been busy blowing up the supply chain of everything to cause this contraction.
The result is the Fed is forced to raise interest rates due to the governments rapacious spending. Surely Senators Sanders and Warren have been proponents of massive government spending. Surely they know that all this borrowing, printing, and spending causes inflation and ultimately economic destruction?
Well, Sanders and Warren are truly this stupid. They don’t know.
Senator Warren thinks the Fed is going to raise interest rates too much and push the economy over the cliff. Well, moron Warren, the Fed would not be raising interest rates if idiots like yourself weren’t sitting in a cocoon of vapid stupidity busily borrowing and spending like a drunken Zimbabwean. How does one even address someone as obviously stupid as Warren? Are the people that voted for her this stupid as well? Answer, yes.
Senator Sanders wants Mr. Buffett to pay his employees more. Again, if Zimbabweans like Sanders weren’t indebting us into oblivion, there would be no need for Mr. Buffett or any other CEO to arbitrarily raise salaries.
Thus, we should look at Senators like Sanders and Warren as zoo animals. They are members of the species so stupid that it is hard to even see them with a genetic link to those of us with functioning brain cells.
We must understand a fundamental component of intelligence. That is, an understanding of a cause and effect link. In this case, excessive government borrowing and spending causes inflation. Humans developed tools due to their understanding of cause and effect. People like Sanders and Warren seem to be too stupid to be considered humans. Yet, others like them, with no discernible intelligence, vote them into office. It is as if we are witnessing an evolutionary branch that has broken from the main trunk and will soon render its inhabitants extinct. They are simply too stupid to live. Hopefully, they won’t take the rest of us with them.
Copyright 2022, BMF Investments, Inc.
