It may be obvious to you, especially since the holiday season is done, that things are not right with the economy. Prices for food, gas and commodities have risen exponentially and that’s if you can even find what you want.
Grocery stores are struggling to restock shelves due to the supply chain issues that continue to plague the U.S and the rest of the world because of the pandemic (allegedly).
Now it’s hitting Wall Street.
According to Jason Goepfert, chief research officer at Sundial Research, four in every 10 companies on the Nasdaq Composite have dropped in value by a whopping 50%.
“Whatever the fundamental and macro considerations, there is no doubt that investors have been selling first and trying to figure out the rest later,” Goepfert said in a note first noted by Bloomberg.
“Valuations are at historical highs, companies are raising billions based on fairy dust, and the Fed is signaling a tightening cycle,” Goepfert said. “All of these are scaring investors that we’re on the cusp of a repeat of 1999-2000.”
Tech shares have been heavily affected and only five companies saw a steady rise. AAPL, MSFT, NVDA, TSLA and GOOGL saw 51% of all market gains from April through to December.
There are many reasons why the economy is in its current state, but there are a few stand out reasons, one being stimulus checks.
Biden’s stimulus package, a payment of $1400, was sent out to all Americans, and because of his rule change, those who were incarcerated at the time, also got a payment, including Dzhokhar Tsarnaev, the terrorist who committed the Boston Marathon bombings.
U.S. Federal prosecutors are currently attempting to reclaim the $1400 payment back from Tsarnaev – who is serving a life sentence after his death sentence was overturned because of an “unfair trial.”
Fact is, a stimulus wouldn’t have been needed at all if the lockdowns across the country hadn’t happened, but of course this is all being done by design – those who oppose the United States and everything it stands for, want to kill the economy to weaken America and leave it vulnerable to its adversaries.
Biden killing the Keystone XL Pipeline, kicked off the destruction, as revoking the permit for the pipeline was Biden’s very first order of business via executive order.
Since then, gas prices have shot up at the pump, causing a knock-on effect – higher gas prices lead to higher freight costs, and these are passed to you, the consumer with every purchase.
At the time, Biden claimed it was all for the environment and fighting the big, bad climate change monster, while simultaneously facilitating the Russians to build their own pipeline.
Doesn’t make much sense, does it? But then again, Biden is only there as a figurehead puppet for the New World Order and following their commands, he’s not there for his brains.
Twenty one states originally filed a lawsuit against the administration, with Alaska and Florida joining, bringing the total to twenty three.
It was all in vain, however, when the Canadian company who owns the pipeline – TC Energy cancelled the project all together.
As a result, a Federal Judge has dismissed the lawsuit, killing all hope of a positive outcome of putting the economy back on track.
U.S. District Judge Jeffery Vincent Brown said:
“But the court takes TC Energy at its word that Keystone XL is dead. And because it is dead, any ruling this court makes on whether President Biden had the authority to revoke the permit would be advisory,” Brown wrote in his decision. “Thus, the court has no jurisdiction and the case must be dismissed as moot.”
Impending doom is coming for the economy and Biden’s incompetence is driving that train to complete ruin.
This is exactly what the swamp has planned to do. God help us!!
Barbara, God is our only hope. God bless you and thank you Jesus.
When all the grocery store shelves are empty, will the filthy rich have to go hungry too?
No, they will have stocked their bunkers. What will happen is, people will start hunting other people for food and other supplies.
All of the wild game will have been hunted to extinction in a very short time. When that all runs out, your neighbor will be coming after you. Think about it, what will you do to feed your family? Do you think anyone will share what they have when there is no more?
I am not implying that people are going to hunt other people to eat them. They will look for other people to rob them of food, weapons and other supplies.
I hear so much about buying precious metals before the financial collapse. That may allow a person to protect some of their money but here is a question. What will a person be able to buy? There won’t be anything left to buy!!
This was the plan all along with this stupid Plandemic and it’s been in the works for at least a decade. The self proclaimed “Elites” have built survival bunkers and purchased Islands around the world to shield themselves from “The Plan”. All you have to do is look up Klause Schwab and the World Economic Forum to read the plans they have been working on. One of Schwab’s famous catch phrases – “You will own nothing and be happy!” Virus outbreak, starvation, water shortages, destroy the economy, digital currency they control, social credit score, it’s ALL there in their plans for the Chattel (Cattle), that’s what they think of us folks. It’s all the usual suspects, world leaders, billionaires who think they are more worthy than we are!
With exception of very few, I hope this is the beginning to the end of The Democratic Party!