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Bidenomics Is The Beginning Of The End For The U.S. Economy

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I have a great idea.  Let’s wildly print money, let’s systematically destroy the reserve currency of the globe, let’s add a trillion dollars to the national debt every 100 days, let’s strangle the economy with all sorts of ridiculous regulations, let’s dramatically hike interest rates, let’s make things exceedingly difficult for our domestic energy industry, and let’s allow theft, violence, homelessness and migration to run wild.  Then we’ll sit back and see what happens.  What I have just described is essentially what we have witnessed over the last three years.  Joe Biden and others in positions of power in Washington are running our economy into the ground.  The system really is coming apart at the seams, and Bidenomics really is the beginning of the end for the U.S. economy.

Former Chrysler and Home Depot CEO Bob Nardelli is also sounding the alarm about the severe damage that Bidenomics is doing.

In fact, he just told Maria Bartiromo that the fault lines of our economy are “about ready to crack”

He is right.

Our economy is steamrolling in the wrong direction, and the short-term outlook is extremely troubling.

One recent survey of small businesses found that nearly half of them believe that they will “definitely” or “probably” not survive another four years under Joe Biden…

And a different survey discovered that a whopping 43 percent of all small business renters in the U.S. could not pay their rent in full last month…

More small businesses are going under with each passing day.

We really are in the midst of a “small business apocalypse”, and that is extremely bad news, because small businesses create most of the new jobs in this country.

Rising costs are one of the primary reasons why so many small businesses are now in hot water, and inflation is also crushing ordinary American families that are just trying to make it from month to month.

Earlier today, I was astounded to learn that the price of an order of medium fries at one McDonalds location in Los Angeles was $1.79 at the end of 2019, but now it has risen to $4.19.

When the Federal Reserve was pumping trillions of dollars into the system and our politicians were sending out free checks to everyone, I warned that this would happen.

Not too long ago, $648 was a fairly typical monthly mortgage payment on a nice home.

Today, it is the average monthly payment on a new vehicle in the United States…

The average sticker price on a new vehicle has risen to almost $50,000.

If you are old enough, you probably bought an entire house for less than that many years ago.

Speaking of home prices, they have risen by more than 47 percent since the beginning of this decade…

Today, most homeowners are stuck in their current homes because they literally cannot afford to move.

Without a doubt, the raging inflation that our leaders have created has done an immense amount of damage.

According to one recent survey, 65 percent of U.S. households are convinced that inflation is making their financial lives “worse”…

The longer Joe Biden is in the White House, the more intense the economic pain is going to become.

Many businesses that were once thriving are now going belly up.  The latest iconic chain to file for bankruptcy is Red Lobster

If we really want to fix the economy, we should be like George Costanza and “do the opposite” of everything that Joe Biden and his minions have been doing.

But even if Joe Biden is voted out in November, the “experts” running the Federal Reserve will still be there.

And they have been doing an absolutely nightmarish job.

In addition, our Congress critters just continue to borrow and spend us into oblivion no matter who controls the White House.

Our leaders have been making really bad decisions for decades, and now we really have reached a breaking point.

Bidenomics has been an abject failure of historic proportions, and the pain that it is causing is getting worse with each passing day.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The post Bidenomics Is The Beginning Of The End For The U.S. Economy appeared first on The Economic Collapse.

Michael Snyder is the publisher of The Economic Collapse Blog, The American Dream Blog and The Truth. You can follow him on Twitter right here.


Source: http://theeconomiccollapseblog.com/bidenomics-is-the-beginning-of-the-end-for-the-u-s-economy/


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