“It is now clear that we have entered a recession as bad or worse than in 2009.”
— IMF Managing Director Kristalina Georgieva.
I predicted a recession back in November based (partially) off of FRED data (repurchase agreements) climbing and surpassing levels seen in 2008 and partially due to economic slowdowns observed across all sectors in trucking (see the same post).
Joe Biden had pumped 900 billion dollars into the banks in 08 to kick the can down the road.
That money finally dried up.
Biden himself knew the recession was coming — AND WHY — back in December 2019 when he started making public announcements that he would be likely to “inherit a recession from Trump.”
The coronavirus scam is a distraction from the fact that Joe Biden slapped a BANDAID over an ASSHOLE in 2008 with the $700 billion Troubled Asset Relief Program (TARP) — a.k.a., the Wall Street bailout. “
Of this situation, Bernie Sanders has correctly pointed out that “Joe bailed out the crooks on Wall Street that nearly destroyed our economy 12 years ago.”
I learned in February that 80-90% of Chinese businesses were running out of cash and that most privately owned businesses had about 30-60 days of money left. I posted about this , as well [“Millions of Chinese Firms Face Collapse If Banks Don’t Act”].
The coronavirus situation was designed to —
Blame the upcoming recession on “coronavirus,” rather than on the TARP/Wall Street bailout money from Joe Biden running dry and pump even MORE money into the SAME ENTITIES, thereby propping up millions of Chinese firms they would then “act on,” as Bloomberg News had implored us to in February — ignoring history+lessons learned.
It’s “almost” “as if” Trump is going to make sure Brandon gets credit where its due.