Elites think very little of hard-working everyday Americans.
But they don’t just see themselves as better than America First patriots and ordinary Americans, they think deplorable masses need to learn a punishing lesson.
And Americans will be furious after hearing the President of one of the world’s most powerful firms just warned inflation lessons are for your own good.
Joe Biden is asleep at the wheel as powerful elites are steering the country into chaos.
That’s bad enough but now they’re practically admitting to intentionally pushing disastrous economic policies to teach the deplorable, “entitled” masses a lesson they think we should learn.
The president of the world’s largest asset management firm said that Americans have been “entitled” and that the country must expect “scarcity inflation” and food shortages.
BlackRock president Rob Kapito said during a conference that “’For the first time, this generation is going to go into a store and not be able to get what they want…And we have a very entitled generation that has never had to sacrifice…I would put on your seat belts because this is something that we haven’t seen.”
BlackRock made waves early in the Pandemic when the Federal Reserve tapped a division of the frim to manage billions of dollars in bond and mortgage-backed security purchases, under the “emergency” measures the Fed took under guise of saving businesses that governments would soon turn around and shutter.
Unsurprisingly, almost half of the corporate bond purchases went into BlackRock funds.
Meanwhile, the company also swooped into the housing market and sparked massive upheavals by purchasing entire neighborhoods and converting single-family homes into rentals.
Americans should be enraged by Kapito’s new warning about “scarcity inflation,” and teaching “entitled” Americans a lesson, because the company has been responsible for pushing inflation at every turn.
First, with the asset price inflation in the stock markets that have left many Americans holding the bag already and could soon ruin many more altogether when the bubble bursts completely.
Then — lest anyone forget the Great Reset mantra that “you’ll own nothing and you’ll be happy” — in the housing market where millions are now priced out of ownership and forced to rent.
And now, the massive inflation in the essentials as food and energy prices skyrocket — which should make Americans especially furious because BlackRock CEO Larry Fink has openly talked about bullying companies to make a commitment to boosting their ESG (environmental, social, governance) scores.
So, BlackRock is also responsible for much of the “green” agenda that has contributed significantly to the energy crisis that has the world economy in a bind.
The Wall Street Journal reported that “In 2018 [Exxon Mobil]’s guiding principle was clear: ‘Exxon Mobil Corporation is committed to being the world’s premier petroleum and petrochemical company.’ The company stated that its first responsibility was to make money for shareholders. Then last year a little-known investment firm called Engine No. 1, which held a 0.02% stake in Exxon, won three seats on Exxon’s 12-member board. Engine No. 1 waged an activist campaign claiming that Exxon should reduce its carbon emissions and become a global leader in profitable clean-energy production. BlackRock, Exxon’s second-largest shareholder, voted for three of Engine No. 1’s climate-focused board candidates.”
BlackRock effectively got three climate activists placed on the board of Exxon Mobil to steer the company toward a green agenda.
BlackRock wields considerable power in driving theses crises, but that’s okay because they’re at least warning Americans to batten down the hatches because Americans are about to get rocked by the inflation that the Democrat Media Complex tried to convince people is a good thing for months.
Now, Bloomberg economists Andrew Husby and Anna Wong argue that people should budget an extra $5,200 in 2022 ($433 per month) in order to absorb the rising costs of goods and services.
Sadly, the warnings will prove too late for many Americans.
Husby and Wong wrote that “accelerated depletion of savings will increase the urgency for those staying on the sidelines to join the labor force, and the resulting increase in labor supply will likely dampen wage growth.”
The globalists have monkeyed with the economy, and average Americans are the ones who are suffering.
Stay tuned to Unmuzzled News for any updates to this ongoing story.