Smoke And Mirrors: What Happens After Biden's Economic Manipulations Disappear?
Authored by Brandon Smith via Alt-Market.us,
There is a popular school of thought that believes most economic stability is purely psychological; that the health of the economy relies on the population NOT knowing the true state of things. In other words, “ignorance is bliss.” I partially agree with the premise but only under certain conditions. If an economy is built on lies then yes, the exposure of those lies would certainly put that system at risk. My argument is, if an economy is built on lies it’s not really worth saving.
The US public in particular is now struggling with the slow realization that our financial and monetary structures are not secure. Many of us in the alternative media have been warning about this for decades. I warned about the inevitability of a stagflation crisis for many years and was criticized as a “doom monger,” at least until 2021 when the crisis became undeniable. But that’s what happens when you live in an economy of lies and you start talking about reality – Some people will see you as a threat.
Even today with everything that’s happening there are still blind muppets and disinformation shills out there that assure us “all is well”. And, usually they’ll cite manipulated government stats as evidence to support their faulty position.
The Biden Administration has proven to be one of the worst culprits when it comes to data misrepresentation and manipulation. To be sure, Biden has had plenty of help with his “Bidenomics” agenda and he wouldn’t be able to rig the numbers without aid from the Federal Reserve, the Bureau of Labor Statistics, the corporate media, etc. Most presidents get help from these institutions when promoting a sick economy as a healthy economy. Some presidents do not…
With that fact in mind, I’ve been wondering lately what will happen when Biden exits the White House in January 2025? What happens to the numbers after that? Will there be a statistical reset? Will the real data be exposed all at once; an avalanche of reality crashing down on the delusional system?
I’m still not convinced that any outcome is beyond dismissal for elections in November. If someone was to ask me what I predict, I would have to say Trump will be president again. From all the evidence I’ve seen the Harris campaign is an astroturf movement with a limited voter base. She’s obviously not very bright and I don’t think the theatrical “joy” strategy is convincing very many people of her competency. Her economic policies (including price controls) are full bore communist and would be devastating to any form of US recovery. Her fiscal plan will be even worse than Bidenomics has been.
But hey, I was certain Trump was getting a second term in 2020 and I was wrong. Who could have known Biden was going to get that unprecedented mail-in voter boost in the middle of the night after everyone went to bed? Truly, he is the most popular presidential candidate of all time. Why they dropped him for Kamala I’ll never fathom…
But seriously, the point is, we have come to a crossroads in our election process where anything is possible (whether real or engineered). I suspect that if Trump enters office once again there will be a multitude of changes to our economic data and they will happen quickly. Some of the rigging is already being exposed, just not on a level where the majority of the populace is aware of it.
Some examples of this rigging include:
Biden’s steady sale of US strategic oil reserves in order to drive down energy and gas prices, thereby artificially reducing CPI (official monthly inflation numbers). By June of this year Biden had sold off at least 50% of the nation’s emergency oil supply just to keep CPI down a few points. Keep in mind, bringing down the CPI does nothing to cut the real inflation that has already accumulated in necessities (30%-50% higher prices depending on the product or service).
Then there’s the manipulation of BLS unemployment data to show millions of new jobs that don’t actually exist. After it was announced that Biden was no longer the Democratic candidate, suddenly the US Payroll has been revised down by over 818,000, likely with more revisions to come. Meaning, Bidenomics was being fluffed with fake job creation.
An even greater concern is the fact that all new jobs created for the past several years have been going to illegal aliens, not legal citizens. In fact, since October of 2019 native-born US workers have lost over 1.4 million jobs. Over the same period, migrants illegally residing in the US have gained 3 million jobs. The new narrative among leftists is that this is a good thing; they claim that the US needs illegal immigration and open borders in order to support the jobs market and “bring down inflation.”
I’m doubtful that the jobs boost to illegals is real, either. More likely the migrant jobs data is rigged because it’s much harder to track and confirm. But these people don’t seem to understand how inflation works – Greater population means higher resource demand, and that helps drive up prices (as we’ve seen in housing). It doesn’t bring prices down, nor does it reduce the existing money supply.
It should also be noted that full time jobs numbers have plunged while part time low-wage jobs have increased. These are the kinds of issues no one in the Biden Admin is talking about.
Finally, rising GDP is often cited as a key indicator of a vibrant economy, but what the “experts” rarely mention is that GDP is rigged by the inclusion of government spending. The more federal and state governments tax, borrow and spend, the higher GDP goes. Currently, government spending accounts for at least 36% of GDP (officially) in the US.
It makes it look like America is more successful than ever but this is based on the government taking more cash from the public, printing more money and going into greater debt, then throwing that cash away with wild abandon in order to prop up the numbers.
Goldman Sachs recently made a statement that under a Harris regime GDP would go up and under Trump GDP would take a big hit. They are right, in a way, but they don’t explain the real reason why this is the case.
If Trump follows through on his fiscal responsibility policies (Elon Musk has been tapped to head up investigations into government efficiency), then OF COURSE we’ll see a drop in GDP. It would mean government spending will go down and the rigging of GDP will end. With Harris, government spending will skyrocket and so the GDP bubble will continue to grow. In fact, Harris will be incentivized to increase government spending in order to hide greater deflation in GDP.
Trump’s arrival in the Oval Office will result in a hailstorm of bad economic data, and most of this will be due to the sudden end of statistical manipulations that have been in place for the last four years. We are currently in the midst of a tone-shift in which recessionary forces are pressuring markets more than inflation. But don’t be fooled…
As soon as the Federal Reserve cuts rates inflation will spike again, and if Trump is in office a CPI jump will be even more pronounced. Biden’s oil reserve dumps will be over, no longer anchoring CPI. We will continue to see inflation in necessities with deflation in other areas including jobs and GDP. That’s what happens during a stagflation crisis.
With Harris the same problems will occur, they just won’t be reported and the stats will not reflect the truth. With Trump, the stats will be more transparent and the media will howl about how conservatives are destroying the economy. The game plan is obvious.
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