Podcaster Jeff Dornik thinks Congress' move to give itself a raise is proof that America's financial situation is out of control.
"Think about this, they give themselves a 21 percent raise in the midst of mass chaos, in the midst of us approaching World War Three, in the midst of people being unemployed because of their ridiculous COVID-19 lockdowns. And then who knows how many people can actually get their jobs back now," Dornik told host Chad Caton during the April 14 episode of "I’m Fired Up" on Brighteon.TV.
Dornik was referring to the Consolidated Appropriations Act of 2022, which includes a section on "Members' Representational Allowances (MRA)." The allotted $774,400,000 is for "members' clerk hire, official expenses of members and official mail." In 2021, the MRA was $640 million. It increased by $134,000,000 – or exactly 21 percent – this year.
"Now that we are out of that they get themselves a 21 percent increase. To me, this proves inflation is real, inflation is happening. This is unprecedented, this kind of a raise. And also this amount of inflation, we're probably heading towards hyperinflation soon. This self-imposed pay raise should be evidence that the economy is out of control." (Related: No let-up: Inflation in the US expected to get even worse.)
The CEO and co-founder of Freedom First Network pointed out that the government spending more money and raising taxes are signs that the county is approaching hyperinflation.
Pumping extra money pushes inflation further
"They are just pumping extra money. And all that's going to do is push inflation further to where it's going to get out of control. And so what happens is right now we're at 20 percent, which is an insane amount of inflation. We are probably going to be approaching 50 percent at some point, then 100 percent, then it will get out of control so quickly," Dornik said.
Dornik added that people who have been saving their money in the bank will have the value of their savings cut in half because of inflation. He advised people to buy assets like gold or silver if they have the money, or buy property that they can sell for the right price at the right time.
The Freedom First Network CEO said people also need to stock up on food and ammunition because things can get crazy because of inflation. He noted that grocery store shelves are already starting to get empty.
According to Dornik, people must learn the importance of wealth protection. "If you have money in the bank, you are losing money because of inflation every single day. If you have it in an asset, it will adjust with the value of the dollar. So if you have it in gold, silver or whatever, that's going to adjust," he said.
"And then once the hyperinflation levels off, you sell it now because everything is adjusted based upon inflation. So that's why I always recommend buying gold and silver and things like that."
Dornik surprised by Donald Trump's endorsement of Mehmet Oz
Caton also asked Dornik about Dr. Mehmet Oz getting an endorsement from former President Donald Trump.
Dornik said he found it very strange that Trump would endorse Oz, who is a renowned heart surgeon and host of his own health-centric TV series, "The Dr. Oz Show." He pointed out that Oz was pro-vaccine and had actually called for the same kind of lockdowns that were being done in China.
The host of "The Jeff Dornik Show" said the celebrity doctor is apparently just trying to jump on the Trump bandwagon for his next gig.
According to Dornik, he doesn't see a single thing that could convince him to vote for Oz because of his track record.
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Watch the full April 14 episode of "I'm Fired Up" with Chad Caton below. " Catch new episodes of the program every Thursday at 10-10:30 a.m. on Brighteon.TV.
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