How Joe Biden’s Stagflation Is Destroying Your Retirement Nest Egg

Hi. I am Peter Navarro. It is March 16, 2023; and as I write this, both the bond and stock markets are experiencing continued and significant volatility and my guess here is that, unless you are a financial wizard, any investment portfolio or retirement savings you might have are down for the last 12 to 18 months.

To be clear, I am not a financial advisor but as an economist I can at least explain to you what is likely going on broadly with your portfolio if, as most people do, you have depended on a financial advisor to guide its construction.

As a preface to this missive, I cannot tell you how pissed off I am at companies like Goldman Sachs which just made 100 million bucks off the banking crisis and hedge fund managers like Steve Schwarzman and Ken Griffin who, like parasites, are sucking at your blood in your portfolio. These hedge fund managers are making billions at the same time that millions of Americans cannot pay their rent, electricity bills, or even feed themselves adequately. Meanwhile, it’s the Schwarzman’s and Griffin’s of this world who are bankrolling both Democrat and Republican opponents to Donald Trump, the one guy that can fix this crisis and restore America’s wealth and prosperity.

On this Trumpian point, I am reminded here of a poignant moment I had yesterday at the airport on my way home. My American airlines app had a glitch and I had to go up to the ticket counter and get some help from an agent to get printed boarding passes; and she eyed me in a way that I thought was suspicious. Then she said: “I thought it was you. I cannot thank you enough what you and President Trump have done.” After I got my boarding presses, she said “do not forget the little people, please help us” and I promised her I would. And the only way I can do that now is with this podcast and substack and shine a bright light on why we need Trump and Trumpism back in the White House.

Now, back to the main thread.

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