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Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: Is Biden Worse Than Carter and Hoover as the Derivative Bubble Inflates at an Accelerated Rate
Description: Biden's  predepression, derivative bubble, is caused by high inflation, bull stock market, negative GDP growth, Federal Reserve interest rates. Look back at Hoover and Carter Administration to understand the derivative bubble implosion.  Both inherited inflationary economy, stagflation, rising stock prices, low GDP growth simultaneously.  They reacted with fiscal policies to curb federal deficits and spending to decrease inflation.  Carter focused on energy conservation.  His stock market had a cumulated increase NASDAQ +106%, DOW, - .24%, S&P +29.39%, GDP cumulative four year term +14.7%, payrolls +12.82%, jobs growth +3.10%, all within acceptable parameters. He inherited incompetent administrations of the 1970's, which had failed during oil shorta...