It Took BIDEN Only 8 Days To CRASH US ECONOMY, Begin RECESSION

Posted by on February 3, 2021 6:33 pm
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Categories: The Beltway Report

The CCP make one hell of an investment when they bought Joe Biden.

If you want to tell me that the Biden clan is not bought and paid for, explain to me how the hell a crack addict like Hunter Biden reportedly owns 10% of a Chinese investment firm that is worth $2,000,000,000.00.

That’s 200 million USD in the Biden’s pockets, I don’t care who you are, that is one serious chunk of change, a chunk that could cause any political to sell their soul.

Now we are learning, if we are to trust the Chinese Yangtze River News, that only one week into Biden’s term and the US is officially in a recession …

The Gateway Pundit reported:

China’s Yangtze River News reported yesterday that the US has officially announced a recession only eight days after Biden coming to power.

The China Media Outlet went on and shared (based on translation using Google translate):

‘On January 20, local time, Biden formally took office as President of the United States. However, on the eighth day after Biden took office, news of the Great Recession came out in the United States.

According to a report from China Central Broadcasting Corporation on January 29, the first estimated data released by the U.S. Department of Commerce on the 28th showed that due to the impact of the new crown pneumonia outbreak on business activities and causing millions of people to lose their jobs, the actual GDP of the United States in 2020 (GDP) shrank by 3.5% annually.

This is also the first full-year contraction of the US economy since the 2008 international financial crisis, the worst performance since 1946. The data shows that from April to June 2020, during the “stay at home” period in the United States, the U.S. economy contracted by 31.4%, which was the largest quarterly contraction since 1947 when comparable data were available.

From October to December 2020, the real gross domestic product (GDP) of the United States increased by only 4.0% annually, a sharp slowdown from the 33.4% growth rate in the previous quarter.’

The article went on to suggest that China’s economy was growing which is suspect as most all the numbers coming from China are. 

What we do know is that Democrat governors took the China coronavirus shut downs to such an extent in their attempts to negatively impact the Trump economy that they likely hurt their state’s economies permanently.  This is why the states like California took action immediately after Biden’s inauguration to drop their insane rulings and open their economies.’

Biden know this, yet he is still slashing jobs left and right under the guise of ‘protecting the planet’. The US is one of the most efficient nations in the world when it comes to carbon output … China and India on the other hand … not so much.

Every morning I wake up and wonder, how the hell did we get here?!

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