Page 11 - Hyper Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Truth of the matter is inflation, hyperinflation, increases everything but 50% and this impacts the poor and the metal cross. so joe biden is an active threat to the poor and when companies raise their prices, they don't return to normal levels. they continue where they were and they lay off employees. so this administration has been troublesome from the very beginning. we have not seen anything like this and pundits and activists alike, told us joe biden was going to be an excellent middle-class moderate president. bye to us once again. so these poll numbers declining in the fact that hyper i...

Saying hyper inflation will change everything. it's happening. well, hyper inflation is 50% a month. we're a long way away from that. 5% inflation, if you get 4% gain in wages and 5% gain a year, your losing 1% a year. it's hurting you in the pocketbook. it's probably going to be more than 5% by the end of this year. as i said, you also have larry summers, a democrat, said we're in more danger of losing control of inflation. we have a generation of central bankers defining themselves by their wokeness. what he means by that, there's this woke idea that you can print as much money as you want, ...

Democratic administrations has been monetized. that debt spending has been monetized by the fed. the fed buys up 60% of it. they just print money in order to cover that purchase. so that is why the president today spoke about this bill will pay for itself. they're worried about deficit spending causing more inflation. they know that that is the history of deficit spending. they're making up all kinds of ways to pay for it. now they have this new wealth tax, something called unrealized capital gains. they're going to take -- they say it's billionaire's money that they have and they're doing to ...

This could be a sign of persistent inflation. that's not our view. our experts believe and the data shows that most of the price increases we've seen are -- were expected an expected to be temporary. >> martha: don't have to worry. here we are in october and his treasury secretary saying it's not going away any time soon. >> on a 12-month basis, the inflation rate will remain high in to next year because of what is already happened. but i expect improvement by the end of -- by the middle to end of next year, second half of next year. >> martha: joining me now, fox business anchor, david asman....