Human Events Daily host Jack Pososbiec lambasted the Biden administration and economists for misleading the public with claims made last year that inflation would be "transitory."
Inflation has since reached 40-year highs and has no signs of slowing down, with Biden even recently saying he was in no position to predict when inflation would cool: "It ranges depending on which economists you’re talking to. By the end of this year, and some say it’s going to be — it’s going to increase next year. But there’s others who say by the end of this year you’re going to see it come down — by the calendar year."
"They told us for a year, they told you for a year that inflation was transitory! It was a lie," Posobiec said. "They lied to you. They lied through their teeth and are lying still, that inflation is transitory, the supply chains will be fine. It's all Putin's fault, it has nothing to do with the printing, it has nothing to do with the fed."
11 months ago, President Joe Biden said that an increase in prices was expected, but that it would be temporary and transitory.
"Keep in mind, they'll never talk about the money printing. They'll never even bring up the fact that they injected trillions of dollars into the US economy through their buddies at Blackrock, Blackstone, State Street, and Vanguard. The people at the top were getting rich, and then it trickled down to the rest of their buddies. How? Through the ESG Corporate Social Credit Score system."
ESG or "environmental, social, and government" criteria are a set of standards touted as a means of directing investors to companies that are more "socially responsible" investment decisions.
As reported by the Daily Mail, ESG is sponsored by the European Union, and if firms comply with the checklist, they receive a stamp of approval that investors can use to weigh their investing decisions.
The system has been criticized by the likes of Elon Musk, who described the system as the "devil incarnate."
"That's where the money printing went. So I'm seeing some people trying to blame the inflation on the stimulus checks, that was like a thimble, a drop of water in the ocean compared to the amount of money that was being printed and handed out to their buddies on Wall Street.”
"Guess what? Now it's time to pay the piper."
