{"id":1724318,"date":"2022-11-04T07:33:54","date_gmt":"2022-11-04T11:33:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1724318"},"modified":"2022-11-04T07:34:11","modified_gmt":"2022-11-04T11:34:11","slug":"top-hedge-fund-firm-dishonest-officials-set-world-on-path-to-hyperinflation-societal-collapse-possible","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-hedge-fund-firm-dishonest-officials-set-world-on-path-to-hyperinflation-societal-collapse-possible\/","title":{"rendered":"Top Hedge Fund Firm: \u2018Dishonest\u2019 Officials Set World On Path To \u2018Hyperinflation,\u2019 \u2018Societal Collapse\u2019 Possible"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-hedge-fund-firm-dishonest-officials-set-world-on-path-to-hyperinflation-societal-collapse-possible%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1724318&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>One of the world\u2019s largest and most influential hedge funds is warning that \u201cdishonest\u201d policymakers have set the world on the path to potentially the worst period of hyperinflation in modern history, which could result in \u201csocietal collapse.\u201d<\/p>\n<p>Elliott Management, a Florida-based firm founded by billionaire Paul Singer, said in a letter this week that an extraordinary set of rash policies during the coronavirus pandemic have \u201cmade possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.\u201d<\/p>\n<p>\u201cInvestors should not assume they have \u2018seen everything\u2019\u201d just because they\u2019ve lived through numerous other financial crises, the letter said, according to the <a href=\"https:\/\/www.ft.com\/content\/f3bb0f96-1816-4481-8318-4f7583326a4a\" target=\"_blank\" rel=\"noopener\">Financial Times<\/a>, the idea that \u201c\u2018we will not panic because we have seen this before\u2019 does not comport with the current facts.\u201d<\/p>\n<p>The letter said that \u201cdishonest\u201d policymakers have lied about the causes of inflation, blaming supply chain issues rather than reckless monetary policies due to the pandemic.<\/p>\n<p>One example of this is the Democrats passing President Joe Biden\u2019s $1.9 trillion American Rescue Plan, which even a top Democrat economist\u00a0<a href=\"https:\/\/thehill.com\/policy\/finance\/544188-larry-summers-blasts-least-responsible-economic-policy-in-40-years\/\" target=\"_blank\" rel=\"noopener\">said<\/a>\u00a0was the \u201cleast responsible\u201d economic policy in 40 years. Left-wing Vox <a href=\"https:\/\/www.vox.com\/policy-and-politics\/2022\/10\/17\/23401726\/inflation-stimulus-american-rescue-plan\">conceded<\/a> that many economists \u201cagree that the stimulus law did worsen inflation by giving people more money to spend.\u201d<\/p>\n<p>The letter warned that the world is \u201con the path to hyperinflation\u201d and that skyrocketing inflation rates could cause \u201cglobal societal collapse and civil or international strife.\u201d<\/p>\n<p>The letter warned that the \u201cfrightening and seriously negative possibilities\u201d that exist make it so that experiencing a 50% market drop is now a realistic possibility.<\/p>\n<p>White House Chief of Staff Ron Klain continued to claim this week that the U.S. was not in the midst of a recession, even though the country had experienced two quarters of contraction and high inflation rates which have rattled the confidence of consumers despite\u00a0an <a href=\"https:\/\/www.dailywire.com\/news\/relying-on-credit-cards-to-pay-basic-bills-reading-between-the-lines-on-bidens-rosy-economic-outlook\" target=\"_blank\" rel=\"noopener\">increase<\/a> in <a href=\"http:\/\/dailywire.com\/topic\/economy\" target=\"_blank\" rel=\"noopener\">economic<\/a>\u00a0output during the third quarter.<\/p>\n<p>\u201cWe are not in a recession. I want to be really, really clear on that,\u201d Klain asserted. \u201cThe economy is growing, it is strong, it is creating jobs.\u201d<\/p>\n<p>Polls\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/new-midterm-poll-spells-bad-news-for-democrats-on-the-economy\" target=\"_blank\" rel=\"noopener\">consistently reveal<\/a> that voters have their eyes on the economy and inflation more than other issues, with Republicans leading Democrats by a double-digit margin concerning trust in handling the economy. Although members of the former party criticize the Biden administration and progressive lawmakers for <a href=\"https:\/\/www.dailywire.com\/news\/biden-economic-czar-claims-white-house-is-reducing-the-budget-deficit\" target=\"_blank\" rel=\"noopener\">deficit spending<\/a>\u00a0even while restricting\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/biden-administration-severely-cuts-back-on-oil-and-gas-leases\" target=\"_blank\" rel=\"noopener\">energy production<\/a>, members of the latter party claim that their expenditures are meant to decrease the\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/biden-signs-740-billion-inflation-reduction-act\" target=\"_blank\" rel=\"noopener\">cost of living<\/a>\u00a0for households.<\/p>\n<p>Voters nevertheless hold the commander-in-chief responsible for the lackluster economy. In a recent\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/americans-who-have-worse-finances-since-biden-was-elected-overwhelmingly-blame-democrats\" target=\"_blank\" rel=\"noopener\">survey<\/a>\u00a0from Bankrate, roughly 43% of respondents reported that their finances are worse than two years ago. Among those who reported worse finances, 69% placed \u201cat least a moderate amount of blame\u201d on Biden, while 71% placed blame on Democrats in Congress and a smaller but still salient 54% blamed Republicans in Congress. Although 93% of Republicans with lower financial prospects said Biden is to blame, a considerable 30% of Democrats agreed.<\/p>\n<p><em>Ben Zeisloft contributed to this report.\u00a0<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the world\u2019s largest and most influential hedge funds is warning that \u201cdishonest\u201d policymakers have set the world on the path to potentially the worst period of hyperinflation in modern history, which could result in \u201csocietal collapse.\u201d Elliott Management, a Florida-based firm founded by billionaire Paul Singer, said in a letter this week that &#8230;<\/p>\n","protected":false},"author":102,"featured_media":1724322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1724318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1724318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1724318"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1724318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1724322"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1724318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1724318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1724318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}