According to a Twitter user identified on the microblogging platform Twitter as @Farzyness, the United States funded some Chinese labs to study viruses, and the said labs in the study if the viruses accidentally leaked the deadly virus Covid 19 responsible for taking millions of lives. He further analyzed that, the covid 19 paralyzed the US economy and the US pumped millions of money into it to save it.
Read his tweet below;
“Said the lab accidentally leaks COVID.
COVID paralyzes the US economy.
The US FED pumps endless money into the system to save it.
Inflation goes crazy.
FED does a 180 and starts paralyzing the economy.
Did I get this right?”.
These assertions by him sparked a lot of conversations online and users took to the comments section to add their one cent to the discussion, a few of the comments gathered are highlighted below;
@markbmd •
“Lab leak is debatable. It is a theory but it started in
that region. COVID paralyzed the global economy
not just US. The rest is OK”.
@ikristoph
“You did not. Inflation is primarily fueled by the lack of labor in many industries, especially in industries tied to noncore factors like food and energy. It peaked at 9.1%. The Fed acted aggressively specifically to tamper this and it has been successful, pushing down non-core inflation to 5% in April. By the way, pressure could have also been reduced, without the broader impact to the economy, by dramatically increasing legal migration of largely low-skilled migrants but the politics of the US simply doesn't allow for that”.
@ytheeye •
“Lower interest rates mean easier borrowing - but you need to return the money. Not sure why they call it "printing money" -- it's just debt. Higher interest rates mean Fed is paying you for keeping your money in the bank. I.e. free money”.
@brianmgardinerg
“Excellent example of why the US was intended to have many different sovereign states making decisions rather than one large one: inevitably all governments make mistakes. The smaller they are the less catastrophic those mistakes are. A large government can cripple or destroy the economy or lives of all the people it rules. So the best solution is to keep the range small so when the damage comes (it always does) it is contained and other sovereign states can learn from it”.
@LewisWithrow5 •
“Yes, and note during that, created trillions out of thin air, injected into the monetary system and. then increased interest rates the fastest in history. Who benefits?”.
@Raptor1007
“You missed US corporations and hedge funds take advantage of raised interest rates coupled with elevated inflation pricing by purchasing entire communities for investments rather than other
traditional investment strategies and renting them
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