© Getty Images/VarietyPresident Joe Biden • Lester Holt
"I think it was back in July, you said inflation was going to be temporary. I think a lot of Americans are wondering what your definition of temporary is."
"Well, you're being a wise guy with me a little bit," Biden said. "And I understand, that's your job."The federal Consumer Price Index found overall consumer costs up 7.5 percent in January versus one year earlier — dashing White House predictions that the figure would begin to fall.
Biden in December claimed that the prior month's 6.8 percent annual inflation rate was likely the "peak." He said in July that inflation was "temporary" when it was around 5 percent.
Inflation segment begins at 6:00:
Biden told Holt that COVID-19 supply chain bottlenecks helped drive inflation and singled out a shortage of semiconductors for cars — though the federal CPI tracked large jumps in a broad basket of goods and services.
"When can Americans expect some relief from this soaring inflation?" Holt asked.
The president said,
"According to Nobel laureates, 14 on them that contacted me and a number of corporate leaders, it ought to be able to start to taper off as we go through this year."Biden taped the interview in Culpeper, Va., immediately after he gave a speech urging Democrats to pass his stalled $2.2 trillion Build Back Better Act as a way to alleviate inflation — despite Republicans and centrist Democrats saying that government spending fueled the current crisis.
The president has lashed out at other reporters asking about inflation as the devaluing dollar drags down his approval rating.
"It's a great asset — more inflation. What a stupid son of a bitch," Biden sneered last month when asked about the issue by Fox News correspondent Peter Doocy.
Critics blame Biden's policies, including the $1.9 trillion American Rescue Plan Act, signed in March, which gave $1,400 stimulus checks to Americans who earned up to $75,000 per year, extended a $300 weekly unemployment supplement through Sept. 6 and expanded the annual child tax credit to $3,000 to $3,600 per child, up from $2,000.
Biden's stimulus followed bipartisan legislation in 2020 that distributed about $4 trillion to keep the US afloat during the pandemic. Biden signed in November a $1.2 trillion bipartisan infrastructure bill that the CBO said would add $256 billion to the federal deficit, though the president argued it would ultimately lower inflation by improving the transportation of goods.
The federal government hands over its power to international circles. It is only a matter of time before universal basic income is introduced in Germany. The World Economic Forum and the current Pope are vehement supporters of this idea.The current federal government is likely to follow the social, economic and climate policy guidelines of the World Economic Forum (WEF) under its controversial president, Klaus Schwab.
The fact that Jennifder Morgan, an American, who is one of the most dazzling figures in the WEF, becomes a German citizen quickly to be installed in the Federal Foreign Office also illustrates the power of the rulers around the WEF. It also shows how national governments surrender their power to international elite circles.
If we want to promote the WEF agenda, this also means the introduction of a universal basic income (UBI) in the medium and long term.
"The idea behind UBI is to provide everyone with a basic level of unconditional money. Milton Friedman once suggested that a near-UBI in the form of a negative income tax would be a more efficient way to fight poverty than social bureaucracy. But now liberals want a UBI to complement rather than replace welfare programs. Congressional pandemic controls and the potpourri of refundable tax credits, including $ 3,600 for every child under the age of 6, are essentially a UBI, "according to the Wall Street Journal.
The Los Angeles Times says the US is taking small steps towards UBI. In Europe, requests for the introduction of a UBI are getting stronger. According to Georges-Louis Bouchez, president of the conservative party Mouvement Reformateur (MR), it is urgent to work for a UBI. Bouchez spoke in an interview with De Tijd 'about the idea of a guaranteed monthly income of 1,000 euros for Belgians that would replace all other social services, calling it an opportunity for people to' take control of their own lives'. It is not the first time that the President MR has raised this idea. In his book on universal basic income (UBI) he writes: 'My generation is the first in contemporary history to assume that its future will be worse than its predecessors.' "
British newspaper The Economist serves as an advertising platform for UBI. "Although UBI is still skeptical in many quarters, the experience of the pandemic and the resulting explosion in social spending have changed the tone of discussions on radical reforms of the welfare state. Remittances - such as those used by many governments during the pandemic - appear to be an efficient and effective way to meet any number of social needs, ”the newspaper said.
In the year of the 2020 pandemic, the Pope published a book entitled "Dreaming: the way to a better future" . Pope Francis said: “Recognizing the social value of non-student work is an essential part of our rethinking in the post-Covid world. For this reason, I believe the time has come to explore concepts such as the Universal Basic Income (UBI), also known as 'negative income tax': an unconditional lump sum to all citizens that could be distributed through the tax system ". it also calls for an alleged "inclusive capitalism" in collaboration with the richest in the world.
The Union of Catholic Asian News (UCAN) confirms that Pope Francis, who recently made a pact with the most influential and wealthiest businessmen in the world , is also a supporter of UBI. "Pope Francis is among the economists, thinkers and billionaires of the world who support UBI to transform the relationship between capital and labor (...) The relationship between capital and labor can no longer be the same if UBI becomes a policy, which it promises every adult - rich and poor, who work and don't work - a stable income from the state ”.
Under current plans, UBI must be paid for digitally. There is therefore a risk that, under the pretext of so-called poverty reduction, the real goal may be to subject people to total control of the monetary digitization process in relation to digital health passports.
This project harmonizes with the corporatocracy approach, in which power and government will emanate from the corporations : "growing prosperity for the few, economic equality under reduced conditions, including universal basic income, for the rest".
There is no place in a corporatocracy for small and medium-sized enterprises.