global economy is facing other head winds, including a warning from the us treasury secretary, janet jaelyn, the world's biggest economy would fall into recession if congress fails to raise the debt ceiling. that would royal the $22.00 trillion dollar u. s. government. that market should the government default on its debt. and in china, once china's biggest property developer ever grande's wrestling with more than $300000000000.00 in liabilities over grande's possible collapse, has triggered worries about contagion risks to the property sector in the world's 2nd largest economy. let's get some analysis now from 9 i slam. he's the chief markets analyst that avid trade joined us now live from london. so should we be concerned about stagflation name, or is this just a storm in a tea cup? but thanks for having me lick, i think with respect to inflation central biases made their position very clear that this is nothing by just a transfer factor. and they believe that inflation bill full at perhaps a q one of 2022. but if we look at the overall supply supply chain and the pressure coming from the

18th, unless congress agrees to raise or suspend it. economists including treasury secretary, janet jaelyn, saying a u. s. government default will likely throw the u. s. economy into recession and destabilize global markets. it's necessary to avert a catastrophic event for our economy representatives, the debt ceiling has been raised, were suspended $78.00 times since 1960, almost always on a bipartisan basis. my hope is that we can work together to do so. again, republicans raise the debt sailing 3 times under former president trump, but have bowed against doing the same for president biden valley's democrats with the task of solving the issue alone, requiring challenging parliamentary maneuvers with no guarantee of succeeding in time. republicans need to get out of the way. so senate democrats can address the issue quickly, and without needlessly endangering the stability of our economy. we can't afford the risk of a drawn out unpredictable process. republicans, though refused to budge. they say it's the democrats problem because they control government were able to find the government t

has said there's no shame in saying that there's that inflation is no longer a transitory well janet jaelyn. so this is their mindset, right? this is what they're thinking at the executive branch. to me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. that's the executive branch of. 4 the white house, we'll go back to 1st, we'll start with vladimir lennon and k, what he said about inflation away. he thought it did. the way to crush the bourgeois see, is to grind them between the mill stones of taxation and inflation. so then we're going to go to 2 economists upon which a lot of the world we see right now is based off of their ideas and their disciples are in 2 different branches, one, canes and one. hijack okay, so 1st we'll start with a hyatt. i do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments. and then john maynard keynes, he said by a continuing process of inflation, government can confiscate, secretly and unobserved. an

now switching gears, treasury secretary, janet jaelyn as the by administration. so she's calling for the i are asked her if you accounts with more than a balance of $600.00, yet $23.00 state treasurer's and ires are opposing the plan. so do you see this moving forward? well, you know, it's not for her to decide, you know, these are state by state issues. i think really the bigger issue here, this is about crypto currency, more than anything else. the fact that you can open up an account and iris has no idea you've opened up an account, you can sell something in an account and he has no idea that you sold it, particularly if you hold it in an offshore type crypto group. so they're looking for income wherever they can get delivered for taxes, wherever they can get it. this is one of many plays they're going to make, but, but you know, technically the federal reserve knows where all the cash is anyway, so i don't understand why they really are trying to pass this anyway. so do you think that they really could regulate crypto currency, the way things are moving? wow,

has said there's no shame in saying that there's that inflation is no longer a transitory well janet jaelyn. so this is their mindset, right? this is what they're thinking at the executive branch to me. a wise and humane policy is occasionally to let inflation rise, even when inflation is running above target. that's the executive branch of the white house. we'll go back to 1st. we'll start with vladimir lennon and k. what he said about inflation away. he thought it did. the way to crush the bourgeois see, is to grind them between the mill stones of taxation and inflation. so then we're going to go to 2 economists upon which a lot of the world we see right now is based off of their ideas and their disciples are in 2 different branches, one, canes and one. hijack ok. so 1st we'll start with a hyatt. i do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments. and then john maynard keynes, he said by a continuing process of inflation, government can confiscate, secretly and unobserved. an impor