BKP talks about the recession, winter is coming, Russia and Ukraine and more

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.