Posted on 03/30/2022 9:07:47 AM PDT by dynachrome
The president of BlackRock investment firm has said that an 'entitled generation' of Americans will face the shock of goods shortages for the first time in their lives as supply chain disruptions continue to spur high inflation.
'For the first time, this generation is going to go into a store and not be able to get what they want,' BlackRock co-founder Rob Kapito said at an energy conference in Austin, Texas on Tuesday, according to Bloomberg.
'And we have a very entitled generation that has never had to sacrifice,' added the 65-year-old Kapito, who has an estimated net worth of more than $400 million and made $24.6 million in total compensation in 2020.
'I would put on your seat belts because this is something that we haven't seen,' said Kapito, who blamed a shortage of workers, energy and agricultural supplies for soaring 'scarcity inflation'.
(Excerpt) Read more at dailymail.co.uk ...
Like I have $433 ‘extra’ just laying around....................
And Blackrock is on staff inside the Biden Administration.
This is just the opening act of this party,you aint seen nothing yet, this party is really going to get jumping by the end of summer and you will hope and pray Jimmy Carter comes back to save us.
I guess they think we can simply pull it out of our ass at a moment's notice.
And the thing is, most of this increase could have been avoided by staying neutral on Ukraine, and the rest of the increase could have been avoided by not shutting down our energy production.
Well, we make choices...now we pay.
And this still isn’t jack. Just wait until our currency drops to its true value, which we greatly accelerated in our Globalist quest to punish Putin.
Rob Kapito “blamed a shortage of workers, energy and agricultural supplies for soaring ‘scarcity inflation’.”
“Scarcity inflation” — what a ridiculous concept meant to obfuscate the true cause of inflation.
You’d think that somebody as smart as the co-founder BlackRock would understand how excess money supply is the only true cause of general inflation. You’d think he would understand how horrendous, pernicious plans by the federal government to destroy the fossil fuel industry would cause energy prices to explode. You’d think he would understand that agriculture is extremely energy-intensive and farms fail when energy prices “necessarily skyrocket.”
‘As I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin’s unprovoked war, but Americans can know this: the costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing,’ he added.
THIS IS A WE LOSE, THEY WIN POSITION
“Well, we make choices...now we pay.”
Who’s we, dogfaced pony soldier?
ALL of the increase could have been avoided if Biden and Company hadn’t stolen the election.
ALL of the increase could have been avoided if the idiots hadn’t needlessly shut down the country and then poured trillions across the land to compensate for their idiotic shutting down the country.
“Who’s we, dogfaced pony soldier?”
Anyone who supports any policy of our government that is giving us rising prices. Anyone. Any policy.
This is exactly how Louis XVI and Marie Antoinette lost their heads at the hands of the people.
Oh history, you keep repeating.
All part of the plan…
Exactly, the free s**t army is not impacted. Just us that pay the taxes and have to pay for our stuff.
Fink in the meantime rakes in more money. He is not bothered in the least.
Ride a bike and eat your cricket burgers, plebes.
Yes, decent Americans of modest means (read Deplorables) will be hit hard, and we will remember.
Ba bye middle class. Nice knowing you.
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