- Wim's Newsletter
- Posts
- Mainstream Media is Waking Up: The Fast Approaching Economical Downfall
Mainstream Media is Waking Up: The Fast Approaching Economical Downfall
Jamie Dimon, CEO of JPMorgan Chase, the largest U.S. bank, warned “You know, I said there’s storm clouds, but I’m going to change it … it’s a hurricane.” It's about the economic hurricane forecast. “Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this. That hurricane is right out there, down the road, coming our way. (source)” Elon Musk echoed him. Musk has a “… super-bad feeling” about the economy.”
Goldman Sachs's President John Waldron observed:
This is among - if not the most - complex, dynamic environments I’ve ever seen in my career. The confluence of the number of shocks to the system to me is unprecedented. We expect there’s going to be tougher economic times ahead.
CNN and Inflation.
It's very clear that America is on its way to an economical downfall, as I've published here on this site multiple times, together with half of the world on the internet. Now the billionaires seem to wake up, seeing their poor billions threatened (you know, with super inflation, their billions might be suddenly overnight become worthless).
And what about the rest of the world? Maybe Biden himself? Nope. That man tells the world that everything is alright and things look up. The mainstream media, perhaps?
Biden in Tower while everything burns
Well, until recently, they were too busy with confirming and repeating everything what the Biden regime had cooked up and turned into dust. Suddenly it seems that they see a danger looming during the midterm elections, that might threaten their existence.
Average Americans certainly recognize the coming economic storm. Anyone who drives a gasoline powered vehicle knows the pain of filling up the tank. Gas prices hit another record high of $4.71 a gallon, with seven states topping $5.00 a gallon. Biden’s response is that gas and food prices are “not likely” to come down anytime soon because there is a lot “going on right now.” There’s always a lot going on. He was elected to manage it.
When Joe Biden was elected on Nov. 3, 2020, gas prices were only $2.12 a gallon. They already hit $3.57 a gallon when Russia invaded Ukraine, throwing water on Biden's bid to blame Russian President Vladimir Putin for the soaring gas prices. As the Biden-faced stickers pasted on gas pumps nationwide acknowledge, “I did that,” so Biden blaming Trump or Putin for the more than doubling of gas prices on his watch is disingenuous.
And to get a preview of what's waiting for the Americans, one California gas station is charging nearly $10 for a gallon of gas.
Now the mainstream media finally start to wake up.
The CNN acknowledges reluctantly: "The world is grappling with gravity-defying energy price spikes on everything from gasoline and natural gas to coal. Some fear this may just be the beginning ... We have a serious problem around the world that I think policymakers are just waking up to. It’s kind of a perfect storm.”
“Some people are getting really upset with high food prices.”
PJ Media reported, “Grocery store and supermarket purchases rose 10.8% year over year in April. The USDA’s forecast for May predicts the cost of food will increase again and significantly by fall.” They warned Americans to get ready for $1 eggs.
Hormel Foods Corporation CEO Jim Snee warned of “large supply gaps,” an economic euphemism for shortages. Think of the recent shortage of baby formula with America having to fly in supplies from Europe, which only supplied a few days of America’s need for formula.
Carter on steroids (great for Biden).
Wheat production will also be down. As Fox Business noted, “U.S. wheat crop hurt by dry winter and spring's heavy rain.” The weather isn’t Biden’s fault, but goading Russia into invading Ukraine over NATO expansion threats is Biden’s doing, and the war has slashed worldwide food production, “The United Nations has said that the war's impact on grains, oils, fuel, and fertilizer could result in severe hunger for millions of people.”
Rasmussen notes that Biden’s approval stands at just 40 percent, compared to Trump at 48 percent exactly four years ago.
Gallup’s economic confidence measure confirms the above. While positive during the last administration, it dropped in 2020, never to return to positive territory. It currently fell from minus 39 to minus 45, “The lowest reading in Gallup's trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail end of the Great Recession in early 2009.”
How Biden was elected.
And if you think that the food banks in America might help out? Think again. Food banks themselves are already in deep trouble and can't find enough resources to pay for the food they might offer to the American families.
What can I say? America voted Biden in, not? That's what the Democrats claim. I think that they indeed stole the elections and according to the most pessimistic recalculations, Trump would win handsomely with absolute majority in most American states.
American economy under leadership of Biden and Democrats.
In our direct future, only a couple of months away, there will be the grandmother of economical downfall landing on our heads. And as usual, when something big like this is happening in America, it drags the whole world with it. Biden's answer to that is use only green energy and everything will be well. Except that green energy is a very bad idea!
To replace fossil with green energy, it’s not enough to replace them with energy generating entities like wind and solar energy. They also need to find ways to replace medicines, plastic, concrete, steel, nitrogen, hundreds, likely thousands of kind of appliances, perfumes, soaps, detergents, textiles, toiletries, car interiors, electronics, luggage, tires, agrochemicals, bottles, food additives, food packages, construction, insulation, solar panels, wind turbines, and many other hundreds of products relying on or produced from fossil carbon. To avoid malnutrition, famine, and economical collapse, there must be replacements developed for those entities as well.
Riding Biden out of town.
Back to Biden. I would say that America voted Biden in, now it's about time to choose:
Or you remove the man, or you suffer!
I'm afraid that it's already too late when you remove this man from his office. The damage is done and America is in free fall, even when you put a business-oriented man like President Trump in power. Maybe you can start a Victory Garden to supply yourself and your family with food?
And another thing before I sign off. Biden himself said that he will not move a finger to help America with the economical downfall, the gigantic refugee streams will move to Europe and US with millions of people, everyone's savings gone, pensions collapsing, the return of the food coupons, rationing of everything, a gigantic explosion of homelessness, hunger and famine, millions die of hunger and disease worldwide, mass protests, many countries will fall, etc.
This is not doom-porn. It's reality.
I noticed that many businesses see what's coming, and they are so bright to invest in additional business, which might give them a chance to survive the economical slaughter. Several specialists (and myself too) are investing already to do the same. I would advise you and everyone else to do the same.
I will soon publish here various articles about “working from home”, and “build your own business from home”. I hope that will help others.