The Worst President in American History
The recession has definitely arrived, and we think it will spread globally.
When there was time to deal with it, before the fire spread throughout 2021, Biden’s administration froze and put all of their hopes on one thing… the BBB plan.
It was the most simplistic and least creative presidency I’ve ever seen. They saw the crisis brewing, as we all did, with CPI numbers creeping up every single month, and they DID absolutely NOTHING.
The ports, worker unions, housing permits, oil rig permits… all of these could have been handled far better, but Biden had no clue and still has no clue about the economy.
President Joe Biden, I can only hope that a staffer is reading these words as America celebrates the 4th of July and will pass this along to you:
- Despite you sleeping on the wheel and contrary to your bullshit, the top economists DO SEE a recession underway!
In fact, the macroeconomic recession forecaster is forecasting a 98% likelihood the recession is already here!
We are pleading with you not to run for office again because the way that inflation has been managed by the government is borderline incompetence.
If you look at the standard of living of Americans today, it has gone back nearly 45 years!
There isn’t a person in America today that doesn’t feel the effects of policy errors and a lack of aggressive response to these woes.
Therefore, the misery index is exploding:
For the U.S. markets, the interest rate hikes and the reduction of the FED’s balance sheet have served as a form of valuation reset. Growth, or the premium paid for future earnings, has been erased. Investors believe in what they see, and that is all. The Nasdaq Composite is down 30% to start the year, the worst start to a year in history, worse than the H1 2002 collapse.
Bonds are performing even worse. For U.S. Treasury bonds, there has never been a year like this since 1887!
You cannot make this stuff up. We have seen Biden losing control over America’s most important asset, its economic engine, and that is concerning for all of us.
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We are nearing a point at which dramatic changes occur, leaders turn desperate and short-sighted, and mistakes of epic proportions are made, and history says that cooler heads won’t prevail.
I am not making a gloomy prediction but a realistic one.
History is once again rhyming, with national wars commencing over the control of resources, and we believe that China’s next move could reveal whether or not it has been deterred by the sanctions or dismisses them.
The political winds are swaying AGAINST stimulus measures. The world’s leaders do not want to see any credit pumping, and it could take years until we see truly dovish central banking policies.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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