Biden And Yellen Says The US Is Not Facing A Recession, Still Claiming Things Are Peachy

Yellen, along with the rest of the Federal Reserve and mainstream media on both sides of the coins, who continued to perpetuate the narrative that inflation was only “transitory,” “peaking,” and would not be a huge problem for Americans – recently told the media that she was wrong about inflation, and now is saying that it is here to stay.

Nevertheless Yellen recently stated that a recession is not “at all imminent,” according to CNBC.

I expect the economy to slow. It’s been growing at a very rapid rate, as the economy, as the labor market, has recovered and we have reached full employment. It’s natural now that we expect a transition to steady and stable growth, but I don’t think a recession is at all inevitable.

Meanwhile President Biden snapped at a reporter yesterday for asking about recessionary fears, while the President was still enjoying his vacation and taking the day off for Juneteenth.

The reporter said, “Economists are saying a recession is more likely than ever.”

Biden quipped:

Not the majority of them aren’t saying that, c’mon, don’t make things up, ok? Now you sound like a Republican politician.

I’m joking, that was a joke.

All kidding aside, I don’t think it is, I was talking to Larry Summers this morning. There’s nothing inevitable about a recession.

Not that long ago Biden boasted about how Americans are earning more and even saving more, and reducing debts, and how everything is booming: “What An Implosion In The Debt Market Would Look Like – And It Isn’t Pretty.”

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AUTHOR COMMENTARY

Whoso boasteth himself of a false gift is like clouds and wind without rain.

[16] Thus saith the LORD of hosts, Hearken not unto the words of the prophets that prophesy unto you: they make you vain: they speak a vision of their own heart, and not out of the mouth of the LORD. [17] They say still unto them that despise me, The LORD hath said, Ye shall have peace; and they say unto every one that walketh after the imagination of his own heart, No evil shall come upon you.

Proverbs 25:14; Jeremiah 23:16-17

Our Retard-in-Chief is at again, bullcrapping everyone once more.

The WinePress has warned since the beginning it was created that the economy was toast. I’ve said it before and I’ll say it again, America officially died in 2020, but history books will tell it differently. Regardless, this coming recession on paper is an admittance that the U.S. economy is toast. We are NOT in or have been in a series of recessions: we are in the Greatest Depression ever, and ever since 2008 all we’ve been doing is putting band-aids on bullet holes.

Alternative economists that are of decent ones (namely some of the ones I have cited in different reports) were demonstrating that the economy was collapsing during the Trump era, but practically no one wanted to listen, nor do the masses have an actual understanding as to how an economy works in its most basic forms.

The Media Is Warning Of Another Looming Recession

The Quickest Way To Know The Economy Is Broken Beyond Repair

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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