Top Biden Economic Adviser Confesses He Has NO IDEA How America’s Economy Works

One of Biden’s top economic advisers in a recent interview proved how completely INEPT he and the rest of the Biden regime are – and now it’s a bit more clear why Bidenflation is ravaging America with no end in sight.

Jared Bernstein, Chairman of the White House Council of Economic Advisers, basically admitted that he and the rest of the left-wing “economists” Biden chose to “save” America from an economic collapse have no idea how the hell our economy even works!

Bernstein starts out by claiming that the U.S. government cannot go bankrupt because “we print our own money.” This is not entirely true.

The Treasury Department is paid by the Federal Reserve to physically print the money for them meaning that it’s the Fed who REALLY prints and distributes the money. The Fed of course, is NOT part of the federal government that Bernstein works for.

After proving that he doesn’t even understand where our money actually comes from, Bernstein was asked why the government even borrows money in the first place and his response was just flat-out painful to listen to.

 

Well uhm… the uh..some of this stuff gets…some of the language and concepts are just confusing,” he admits.

Bernstein continues, “The government definitely prints money and then it lends that money by selling bonds… is that what they do?” he asks unsure.

This man who influences policy that comes out of the Biden White House eventually confesses that he’s not even qualified to talk about this matter because “he doesn’t get it!”

We have an absolute clown show calling the shots in Washington D.C. and Bernstein serves as proof that this administration has NO CLUE how to deal with the inflation crisis that is destroying America.

Our government is decimating the dollar’s value by thinking that they can borrow and spend their way out of this and the only way we the people can protect ourselves from what’s to come is by owning things like gold and cryptocurrency as a hedge against the coming hyperinflationary crisis.

When Biden has filled our government with individuals as dumb as Bernstein, we have to be prepared for the worst – because that’s where we’re headed.

Watch the video here to truly understand how America is in trouble with people like this writing out economic policies.


Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More



Most Popular
Sponsored Content

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More