They say we are not going to have a recession. There will be 2 quarters of negative growth but it won’t lead to a recession, that is what they want you to believe.
On CNBC, retailers down this morning almost 9% drop in Walmart. Retail inflation issues, higher prices. Joe Biden doesn’t live in reality, they buy what they want when they want. They do not live within their means like ordinary Americans. The shoppers at Walmart are the biggest recipients of corporate welfare. They know most of their customer base has X money from the government. What Walmart has struggled in the last year is the manufacturer has increased prices and they struggle to keep prices lower to allow for the creature comforts.
Gas is coming down. We aren’t driving like we were, therefore automatically gas would go down. If you have $30 then your only spending is $30. It reduces the amount of gas in their tank and reduces the amount of miles they drive. They are bragging and talking a victory lap because gas has come down, but it is not because of anything the Biden administration has done.
The Biden administration is going to act like it’s not even there.
Janet Yellen has said there isn’t a recession coming. COVID joe saying that we are going from rapid growth to steady growth that we are not going to see a recession. All of a sudden, Larry Summers saying that we are not in a recession and the numbers of the GDP is misleading. This week we will have two negative quarters of negative growth. They want to redefine recession for us. Predictions of a mild recession are delusional, says Nuriel Roubini, the economist called the 2008 financial crash. He continues to say the economy is heading for a severe recession as well as a severe debt and financial crisis. The phony economy is the printing of trillions of dollars. You can’t keep paying all the bills with the phony printed money. Debt ratios are historically high at 420% and have resulted in “zombie corporations”. The economy was created. In the 1970s the stagnation was accompanied by low debt ratios and the 2008 crash saw falling inflation. We currently have high debt ratios and high inflation, this is a concern.
They are doing everything to divert you from reality. The reality is winter is coming. In the north, homes are heated by home heating oil, expect prices to skyrocket and shortages are possible for natural gas, coal, electricity, home heating oil, propane. There are single senior citizens who are struggling now and they will not be able to heat their homes this winter.
We were led to believe that Russians were crippled and Russian generals were dying and couldn’t get them to the lines. Putin had cancer and was really sick. Lead to believe that Ukraine was pushing back and Zelensky was running around the world becoming the new Winston Churchill. Trump said the EU was going to be in a lot of trouble once Putin makes a move. And now they struggle to cut off its reliance on Russian gas. Now Russia has the upper hand with winter on the horizon as Russia is tightening the gas flow to Europe.
Russia says it wants to end Ukraine’s unacceptable regime. If Ukraine has killed 20K Russian troops, where are the pictures? If you don’t think this winter they are slowing the gas to Europe and slowing the export of wheat in Ukraine.