> [Federal Reserve chairman] Volcker knew exactly what he was doing. Speaking before Congress, he laid out the strategy: “The standard of living of the average worker has to decline.”
Is this true?! The claims in this article even before this point are shocking - economic terrorism waged knowingly by plan against everyday workers. You could say against the country itself.
> In Congressional testimony before the Joint Economic Committee, Mr. Volcker maintained that, because of the drain of American wealth to the oil‐producing countries, Americans would have to accept less. If they try to keep up, he warned, the result would be a new burst of inflation.
> “The standard of living of the average American has to decline,” he said. “I don't think you can escape that.”
Is this true?! The claims in this article even before this point are shocking - economic terrorism waged knowingly by plan against everyday workers. You could say against the country itself.
It also sounds genuinely believable.
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