President Joe Biden has two obstacles standing in his way of reelection. His failure at the border, and the crippling inflation caused by his Bidenomics agenda. Inflation stood at 1.4% the month Biden took office and then skyrocketed to 9.1% in June 2022 before falling to 3% a year later. But it has been stuck near that still-elevated rate since. The president’s critics have dubbed the phenomenon “Bidenflation.” With record interest rates sitting at above 5% the economy has come to a stand still. Federal Reserve Chairman Jerome Powell claims recent high inflation has made it less likely we will see interest rates cut in the coming weeks and months. Initially the FED had predicted three rate cuts for 2024. But the FED wants to see inflation lower to 2% before they make any cuts. Without those cuts, Mortgage rates are at record highs and getting a loan can feel impossible. Making owning a new home, and even having children feel out of reach. On this episode of 360 Views, Scottie Nell Hughes discusses with her panel (Garland Nixon, Political Commentator; Steve Gill, Political Analyst and Radio Host; Steve Hayes, Tax Attorney and Chairman of Americans for Fair Taxation) if the Biden administration is destroying the American Dream.

Never forget what they did to your money. #EndTheFed

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Today we’re diving into the nitty-gritty details of those elusive ‘senior claims’. Remember how in part one we discussed the shocking revelation that you don’t actually own your stocks and bonds?
Yeah, that was a shocker for me too.

Instead, you’re just a subordinated claimant with a neutered position as the holder of a ‘security entitlement.’ It’s like you’re forced to play blackjack because the Federal Reserve has made it its mission to slowly destroy the value of your savings via inflation, but there are other people seated at your table who can bet massive amounts secure in the knowledge that if they lose their chips tey can always reach over and help themselves to yours. Bizarre, right?

But hang on, it gets even more intriguing. Those senior claims? They’re mostly held by the big boys – the major banks and financial institutions.

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Continuation to part 2 found here: https://peak-prosperity.com/GTSolutionsPrt2

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Continuation to Part 1 found here: https://peak-prosperity.com/GTContinued3

Original David Webb interview that kicked this research off found here:

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I go over what inflation actually is in economic terms. Catch behind-the-scenes posts and help choose my next video topic at:

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#inflation #endthefed #prices #money #economics

As the American government is counting down to the debt ceiling deadline there is another financial crisis looming over the United States. The dollar is dropping in value at unprecedented rates as inflation skyrockets. Meanwhile the Yuan is seeing a resurgence. Scottie Nell Hughes speaks to Tom Luongo about the change in currency.