U.S. billionaire targets Russian emigrants to fight inflation
American billionaire Bill Ackman proposed to mitigate the immigration of US police for talented Russians. According to him, this will help eventually fight the growth of its supply in the country.
Active immigration allows you to increase the share of the United States and fight rising prices without aggressive participation in the US federal reserves, wrote Akman on Twitter (the social network is blocked in Russia). At his direction, the Fed is proposing to lower rates, a “very dumb” tool that cannot stop wage-driven inflation.
“Doesn’t it make more sense to keep wages, increase immigration, rather than raising rates, eliminating demand, putting people out of work and causing a recession? And if we’re going to target immigration manhunts to achieve goals like accelerating the outflow of Russian talent to the US, then why not for that reason? — wrote billionaire.
He proposes to remove immigration barriers for the most talented Russians so that they can come to the country. “The most talented Russians must leave now, otherwise they will deal with meat in an unfair manner. [«спецоперации»*]. This will save our wave and destroy the future of Russia,” wrote Akman.
Akman is the founder of hedge fund Pershing Square Capital. As of September 25, American Forbes evaluates his net worth is $3.2 billion. economy Fortune, new proposals of billions contrast with his former furious statements. Back in June, Ackman urged the US Federal Reserve to aggressively raise rates, arguing that the regulator’s confidence is due to an unwillingness to fight inflation. This year, the Fed has raised rates by 0.75 percentage points three times in a row. Since the topping, top rates have reached 3-3.25%, the highest level since the 2008 crisis. Inflation in the US in August amounted to 8.3% in annual terms, which is close to the maximum in 40 years.
According to the FSB, in January-March 2022, for transactions left 3.88 million Russians is 46% more than in the first quarter of last year. At the end of February, Vladimir Putin announced the start of a “special military operation” in Ukraine. Seven months later, on September 21, Putin announced a partial military mobilization. It is planned to conscript 300,000 people into the army, Defense Minister Sergei Shoigu said.
*According to the requirements of Roskomnadzor, when producing materials for use in production in Ukraine, all Russian media are required to use materials only from conventional sources of the Russian Federation. We cannot publish materials during which an operation called “attack”, “invasion” or “declaration of war” is carried out, unless it is a direct quote (Article 57 of the Federal Law on the Media). In case of violation of the requirements, the media may be fined 5 million rubles, and the blocking of the publication may also be continued.