Is Joe Biden really corrupt or really that stupid? Biden wants to spend $2 trillion in infrastructure, green energy projects, education, and research to boost American competitiveness, huh? – January 22, 2021,

When the government is spending money on research to boost American competitiveness you know a moron is in charge of the white house, well either that or he owes his political donors a whole bunch of money. Now, if it’s one thing capitalism does very well its competition, but you see when the government creates regulations all over the economy, the idiots who bash capitalism in favor of something else, imagine that the government can create some new regulation with a new infusion of borrowed fiat cash that will make America competitive?

I’m aware of the wasteful Green New deal, which I do think is going to come to fruition, and teachers along with their labour unions will be rewarded for destroying more lives of the youth. Now, as many of us know that Janet Yellen isn’t exactly Margaret Thatcher in that she’s a fiscal Conservative. Janet Yellen didn’t practice much if any constraint while she was the Federal Reserve chair and in my opinion, Janet Yellen moving from Fed Chairwoman to Treasury secretary is a conflict of interest, but who cares about the obvious.

So yeah, in the article I point to below Janet Yellen apparently stated the following:

Yellen told senators they needed to “act big” on the proposed $1.9 trillion stimulus package or risk a longer recession and long-term economic scarring, job and revenue losses.
Yellen vote in U.S. Senate committee to test support for Biden economic plan | nationalpost.com

That was very similar to the Helicopter Ben Bernanke model in which doesn’t take much if any intelligence at all. Now, as we’ll know now, Helicopter money has led to social and economic problems all over America as mal-investment continues to perpetuate because as the government spends money it doesn’t have on programs that don’t work.

Prior government initiatives that date back to the creation of the Federal Reserve are so bad, that Joe Biden deems it wise to spend millions or billions(I’m not sure the number) on research to boost American competitiveness. Now you have to remember that actual humans with a financial incentive to never find out the answer will be in charge of the research to boost American competitiveness.

Economist Thomas Sowell once talked about when he was tasked by the government to find out about the minimum wage law and how it affected the poor, when he came back to that department with his findings, the Government in charge of researching the minimum wage law shunned him, because unfortunately, his findings showed that the minimum wage did have a negative impact on the poor, now from a jobs standpoint if it turned out that the minimum wage was making the poor, poorer the Government agency in charge of the minimum wage law would be out of a cushy government job.

I suspect the same will happen with the newly created government agency in charge of research to boost American competitiveness. They’ll be incentivized to keep looking for answers when the reality is that it’s the job-killing Government regulations that are the root cause of America’s lack of competitiveness.

Anyway, in short, what Janet Yellen will do for Joe Biden, unfortunately, is give his bad ideas ‘credibility’ which obviously is a bad sign for the poor, because what Joe Biden will really be doing is bailing out bankrupt Democrat Run U.S States, which ultimately equates to an infusion of cash that will end being deflationary.

I’ve been stating the obvious for years now, that the world is headed for a cash flow crisis, because you have to remember that Joe Biden is bailing out the pensions and not only is going to bail out the bankrupt pensions but he’s also going to grow the size of government and increase the U.S national debt.

No big deal, some will argue, but this is what’s putting into question the U.S dollar, that are a lot of people all over the World using U.S dollars, believing that the U.S national debt will eventually be paid down, but there comes a time when people start cutting their losses.

I don’t think we’re there yet, because most countries are playing this race to the bottom fiat currency war game, but the problem with a race to the bottom currency war is that there ends being a cash flow crisis because the private sector you know the people that actually make and service things will be disincentivized to work for a currency that buys less, furthermore as we’re seeing more and more people are going into the stock market because currencies all over the world are being debased.

Bitcoin is skyrocketing justifiably and again commodity prices are set to boom with Green New Deal, so we are definitely in the bizarro world right now and I’m of the belief that we’re just going to have to learn things the hard way!

Yellen vote in U.S. Senate committee to test support for Biden economic plan | nationalpost.com

Interesting times ahead!