By David Martin ——Bio and Archives--November 13, 2021
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“We have inflation because the geniuses in charge have put too much money into circulation. It is that simple. The more U.S. dollars we have floating around the less those dollars are worth. That’s the whole story, anyone can understand it.”Former treasury secretary Larry Summers spelled it out in February when Joe Biden’s last $trillion spending bill passed. “I think there is a real possibility that within a year we’re going to be dealing with the most serious, incipient inflation problem that we have faced in the last 40 years.” The White House then attacked Summers for his statement. Biden’s chief economic advisor Jared Bernstein declared, “Summers is flat-out wrong!” With that “settled,” the administration kept printing more money. Tucker Carlson says that “According to numbers from the Federal Reserve, between March of 2020 and last month the total amount of U.S. dollars increased by 36 percent.” But then he goes on to say:
“If you count just the U.S. dollars in active circulation and sitting in checking accounts, our money supply has increased by 336 percent in the last year and a half!”
“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.” (Memoirs, pg. 405)
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David Martin is the former moderator for St. Michaels Radio which is the one radio program of our time specializing in Catholic prophecy. He has also authored numerous articles on the Church and the Papacy which have appeared on various blogs and websites.
David presently resides in Los Angeles, California where for thirty years he has coordinated a Catholic ministry. He is a daily communicant in his parish church and strongly supports Benedict XVI’s aspiration to see the Traditional Latin Mass returned to every Catholic parish of the world.