1575
BIDEN ECONOMY: Now 2nd Major Bank Agrees with TGP Warnings of a Biden Recession (www.thegatewaypundit.com) 🖕   FUCK  JOE  BIDEN   🖕
posted ago by libman ago by libman +1577 / -2
Comments (103)
sorted by:
70
PM_Me_Ur_Weird_Bendy 70 points ago +70 / -0

What's with Democrats and recessions? Almost like it's a common occurrence

47
MythArcana 47 points ago +47 / -0

Because they only know how to destroy, not create. They take what conservatives build up and break it into tiny pieces trying to get all the dark money they can from it all.

17
Yuri_Nator 17 points ago +17 / -0

The root cause of all this is that the left's brain is totally literal, they lack creativity.

It's also why they can't meme.

9
SorosHasBallsackEyes 9 points ago +9 / -0

Come on now, that's not true. They created 792 extra genders after all!

4
Hanging_Chad 4 points ago +4 / -0

break it into tiny pieces

like antitrust stuff?

4
MayorMcSixaplix 4 points ago +4 / -0

It’s likely a bank with short positions galore that is putting out propaganda to profit. With Brandon occupying the White House the time is right for them to cash in.

16
wethedownvoted 16 points ago +16 / -0

"woops, looks like we stole too much again"

10
War_Hamster 10 points ago +10 / -0

You are suggesting that Republicans have been good stewards of our economy?

17
Chibi-Robo 17 points ago +17 / -0

Those weren't/aren't Republicans. We haven't had a president with America's best interest at heart in quite awhile, aside from Trump of course.

9
TrannyClausSliceDice 9 points ago +9 / -0

Regan.

2
anotherthing 2 points ago +2 / -0

He was the first President to do amnesty on the promise that Congress would do more on border security. That hasn't worked out well. He also didn't reign in spending like he should have done.

Trump did a lot of deficit spending as well during the only year where koof was a thing, and that only lasted about a month. And the only reason it lasted a month is because Democrats were encouraging people to ignore the President and go enjoy parades and other outdoor events like Woman's Day gatherings.

6
BigIronBigIron 6 points ago +6 / -0

We go through a recession every 10 years or so.

10
War_Hamster 10 points ago +10 / -0

What I'm saying is that the globalist banking systems implode after every 3-4 decades and they just make sure they're in place to implement the next demonic monetary system they dream up.

6
deleted 6 points ago +6 / -0
1
War_Hamster 1 point ago +1 / -0

Those were speedbumps. I'm talking about systemic shifts.

4
skatestraight 4 points ago +4 / -0

Is there a reason? Or just another scam for governments to steal more money?

1
TheironToaster 1 point ago +1 / -0

We were in a major recession under obummer and then trump got in and fixed that in a year now biden stole the office and its back to recession. its a theme when dems are in the office not every 10 years

1
BigIronBigIron 1 point ago +1 / -0

The Great Recession started when Bush was in office.

9
Waco419 9 points ago +9 / -0

Indeed. It is a common a occurrence.

Recessions are caused by central bank driven monetary (money supply) expansion and contraction. Ratcheting actually.

This is the famous boom-bust cycle.

It's deliberate, and it's destructive for Main street and profitable for Wall street.

Each boom period is marked by low interest rates and consequential misallocation of resources toward long term Main street projects. When this excess (inflated) money starts to manifest as higher consumer prices, the central bank puts on the brakes (higher interest rates, etc.). This cuts off the money from long term projects (forcing many in-flight projects to be abandoned - with Main street losing money and Wall street gaining money).

This is the recession (bust) part of the cycle.

Every cycle is another little scalping of the middle class. As long as the cycles are moderate and "predictable", we get used to them (and the gradual upratcheting of inflation) and think they are natural and inevitable consequences of capitalism. They're not.

But the ongoing cycles can only continue as long as there are enough real resources to continue to siphon away from the people. Eventually, lowering interest rates doesn't accomplish anything anymore. More and more money needs to be created to keep things going.

Runway inflation is inevitable.

5
deleted 5 points ago +5 / -0
44
MustafaJones 44 points ago +44 / -0

Every time JoePedo even remotely goes near the White House there’s a depression it seems. This is like what his 2nd so far?

15
MythArcana 15 points ago +15 / -0

In between dirt naps in Delaware? Yeah, two or three, give or take a couple.

7
Hanging_Chad 7 points ago +7 / -0

Does he go to Delaware every week?

10
barney85 10 points ago +10 / -0

obiden takes a 3 day weekend almost every weekend.

9
Hanging_Chad 9 points ago +9 / -0

How many kids does he go through in a month?

3
chickeninoven 3 points ago +5 / -2

He's outstripping the supply. Why do you think they're further relaxing the border policy?

4
cucks_everywhere 4 points ago +4 / -0

I just checked my Aloft app and he is currently in Wilm De. I use the app to check for flight conditions in my area for flying my drone. I get grounded when he's in Wilmington, which is basically every Thursday thru Monday. If he's not there, he's in Lewes DE.

4
OhLollyLollyPop 4 points ago +4 / -0

Pretty much. He leaves on Friday afternoons. I guess he gets his treatments there because he seems to come back less discombobulated than he is on Thursdays.

11
CalMagaMan 11 points ago +11 / -0

Everytime I see him in the White House I go further into a depression.

6
LordKuroTheGreat 6 points ago +6 / -0

Well, I know I get depressed anytime I see him there.

27
libman [S] 27 points ago +28 / -1

USA is a great nation being destroyed by its government.

We need more Economic Freedom, and less Demonrat commie scum!

19
Whatyougotson 19 points ago +19 / -0

Let the states govern without so much fkin hassle. The us is too big and too complex for a single entity to be correct in all forms throughout for a particular region

14
PM_ME_UR_VIVOZ 14 points ago +15 / -1

The Constitution itself is designed for this.

8
SorosHasBallsackEyes 8 points ago +8 / -0

Precisely. If everyone is forced to bet the same way, and we lose, everything is gone. This is the one instance where 'diversity is strength'. If California wants to pay to have all of their males castrated, don't try to force that shit here in Florida!

1
deleted 1 point ago +1 / -0
0
libman [S] 0 points ago +1 / -1

RINOs are Demonrats in everything but name.

17
MythArcana 17 points ago +17 / -0

Stolen elections have consequences.

9
Ricky_CIA 9 points ago +9 / -0

They want a recession, they think they're going to Save The Planet and fix Global Warming by destroying the American economy.

4
OhLollyLollyPop 4 points ago +4 / -0

I am almost 70 and have lived through quite a few recessions. Some were pretty bad, but most aren't severe. I think this one will be a big problem because of the severe damage FJB and his clueless fascists have done to the basic workings of this society.

1
deleted 1 point ago +1 / -0
0
lordmastern 0 points ago +0 / -0

No, that’s the lie they sell you- they just want to enslave us for power.

9
TAIWANNUMBERONE 9 points ago +9 / -0

"teehee this thing we caused might happen oops not out fault ;)"

9
n4freedom 9 points ago +9 / -0

Lol they're bragging about seeing a recession coming in March, most of us saw it coming November 2020.

4
deleted 4 points ago +4 / -0
9
Pelosi_Halitosis 9 points ago +10 / -1

They've never once predicted when a recession will occur. We are already in a recession. Want to know how I know?

Because I can buy almost anything I want. Yet I keep saying, naw fuck that, I don't need it.

3
deleted 3 points ago +3 / -0
3
OhLollyLollyPop 3 points ago +3 / -0

In recessions, thinking changes, if you are smart. I have been doing that myself. There's not much that I really need.

3
deleted 3 points ago +3 / -0
1
Pelosi_Halitosis 1 point ago +1 / -0

I went back to your last sentence after I wrote the above. That occurs post recession. Prices mostly remain sticky, but they finally deflate on rising inventory or lost market share. Confidence is then increased and spending follows. The technical term is, liftoff, economic growth turns positive.

1
Pelosi_Halitosis 1 point ago +1 / -0

No, I've lived (you have too if you're over 30) through multiple recessions. And in many instances, while not rechnically a recession, in a near recessionary environment. Typically, the average consumer doesn't realize they're in a recessionary environment until they're told it occurred. In brief all a recession means is negative economic growth.

Affordability and willingness to spend are separate. In my original statement, I can walk into a store and buy most anything I want. However, since the price of cupcakes I bought weekly, went from $2.50 to $4.00, I quit buying cupcakes. I might substitute cookies which are still $2.50, or buy nothing at all.

This is going on everywhere at the moment. Someone might want and can afford a new car. But dealer markups and the inability to get the exact car they want, keeps them from buying. All of this "hesitation" in the economy is what creates negative growth. Hiring managers are hesitant to hire, industrial buyers are hesitant to buy, companies push back expansion plans, real estate buyers are hesitant, etc.

People, while they can afford and want to do things, lose confidence in the economy. They worry about the future, so they make decisions at the moment that actually hurt economic growth further. A few months ago I would go to the grocery store and spend $100. Many of the things I bought were completely unnecessary, maybe even luxurious. While I can still afford to buy $100 worth of groceries, I'm currently only spending $45-$50 per trip. I'm still eating well and while I might crave the fancy cupcakes, a few oreos get me by.

2
texastrees 2 points ago +2 / -0

I agree, we're already in it. People are starting to only buy necessities. We're already seeing it in our tree business, people are only having stuff done that can't wait (like a tree leaning over the house), and they're leaving everything else (old stumps in the yard etc) for later. Complete change from the last few years.

7
SorosHasBallsackEyes 7 points ago +7 / -0

This is all intentional.

The one saving grace will be that those who survive will be blessed, fortunate, and conservative.

3
utfanx2 3 points ago +3 / -0

Hard times create strong men.

7
Keep_on_winning_kag 7 points ago +7 / -0

Biden is a faggot.

6
ErosLove 6 points ago +6 / -0

As a truck driver who pulls 53 footers up to the tippers at a landfill I can assure you a recession has already started. There hasn't been a wait at the landfill for several weeks. The last two weeks I've gotten right onto the tipper as soon as I got there because there are zero trucks there or the ones that are there got done before I finished untarping. If there is no waste there is no production. Grind your ass off now folks. It isn't going to be so easy to find work later.

5
texas4ever 5 points ago +6 / -1

TGP doesn't know much about economics. But yes there's very clearly a risk of a recession.

2
KonyHawk_ProSlaver 2 points ago +4 / -2

What do you know about economics? They're just reporting on someone else's analysis, who happens to be the chief investment strategist of a major US bank, and who is saying simply what every other investor who's not hiding under a rock is thinking.

2
texas4ever 2 points ago +3 / -1

Quite a bit, I work in international business and have to keep up to date on economies in Latin America and Asia. I'm very familiar with the situation in Argentina for example, where they have had high inflation and even hyperinflation for many years. I'm seeing a lot of the same things from this administration that they do in countries like Argentina, Brazil, etc. TGP has some good reporting, I just don't see them as having much of a background in economics that's all.

1
deleted 1 point ago +1 / -0
2
texas4ever 2 points ago +2 / -0

Technically hyperinflation is 50%. But below that it's still can be a huge problem. In Argentina for example, they spend a huge amount of time constantly updating prices. The factory wages often go up say 30%, but in reality it's not an increase at all.

China is complicated. They make a lot of real stuff and many of the factories are actually a lot better than commonly thought. Sure they make a lot of junk too, but that's often because buyers push so hard for rock bottom prices thinking they are so clever. But beyond manufacturing, they have a lot of issues. The price of real estate is insanely high, that's the biggest problem. It's hard to build a strong consumer economy when all your money is going to pay the mortgage. Also in recent years the role of the government in business has gotten much stronger which is never a good thing. So they'll be ok, but I think the days of the booming economy are over. Also, they are able to quickly mobilize in a huge, military style, but often mistake activity for results. So right now, they are doing a huge amount of work in Shanghai, shutting down the city, building one or more hospitals, putting people in quarantine when they'd be better off at home, especially the elderly, for a very mild strain of Omicron. They even shut down the port, which is going to cause bottlenecks for months to come.

2
OhLollyLollyPop 2 points ago +2 / -0

Hyperinflation is when the value of the currency used to buy goods decreases at an exponentially fast pace... even overnight.

0
NimbleNomad9 0 points ago +1 / -1

Where decades happen within days…

4
ed_shaw 4 points ago +4 / -0

Another consequence of permitting Washington and the Federal Government the over reach of control in areas they were never intended to exert influence, much less control. Limited government is a traditional Republican position. Reagan said the Democrats are people who never met a government program they didn't like.

3
McFatty7 3 points ago +3 / -0

This is their only "option" left to reduce inflation.

Instead of stopping their actions (which causes inflation), they'll just punish the consumer and force reduction of demand.

3
Induceddrag 3 points ago +3 / -0

Only option would mean they actually knew what they were doing. None of this is planned or under control. Knowing the way these idiots can screw up everything we will end up with stagflation like the Japanese economy had in the 90’s.
All of these Keynesian idiots never see the link between their actions and the crazy amplitude of the resulting cycles. They won’t even admit printing a massive amount of money has anything to do with the current inflation.

3
FreedomFlowerDelta 3 points ago +3 / -0

It seems like every time things look really bad, everyone panic sells their common stocks.... Yet Pigloisi and the market manipulators just keep winning.....

3
deleted 3 points ago +3 / -0
1
FreedomFlowerDelta 1 point ago +1 / -0

Nothing to see here

2
Banders 2 points ago +2 / -0

Bank of America donated to Biden big time, get what they deserve, unfortunately we are collateral damage.

2
LesWhite 2 points ago +2 / -0

But the economy is booming like never before /s

1
TrumpIsMyyPresident 1 point ago +1 / -0

It's all Drumpf fault! Bigot!

2
Filetsmignon 2 points ago +3 / -1

All I had to read was "The US GDP was lower in February than it was in October" to know this was BS. Look, October is warm weather buying season people spending money. February is cold weather "just got my credit card bill from Christmas spending" gonna buckle-down. January - March are ALWAYS lower spending months. LAME shit from GWP.

6
KonyHawk_ProSlaver 6 points ago +6 / -0

A lot of you people are in for a rude awakening. Don't say you weren't warned.

4
HeavyMetalPatriot 4 points ago +4 / -0

It's true that October is a better "buying season" than February. A better analysis would be October 2018 vs February 2020 and then October 2021 vs. February 2022.

1
OrangeManNotBad 1 point ago +1 / -0

I did not find any article that has full context to the quoted statements. This sucks when news media takes only short quoted words and uses those as a basis for conclusion.

using liberal tactics to pick the headlines.

1
RogueLeaderX 1 point ago +1 / -0

I am starting to believe even Trump can save us anymore. The damage is catastrophic! Trump would need 5 terms to fix this,

1
deleted 1 point ago +1 / -0
1
deleted 1 point ago +1 / -0
1
JonathanE 1 point ago +1 / -0

I thought the thumbnail was of Max Headroom at first!

0
Insanejub 0 points ago +1 / -1

It’s gonna happen… who cares who ‘agrees’ with it.

WE DONT NEED THESE CORRUPT CORPORATIST INSTITUTIONS TO TELL US WHAT IS HAPPENING WHEN WEVE BEEN SHOUTING IT FROM THE FUCKING ROOFTOPS FOR YEARS!!

0
kent 0 points ago +1 / -1

Rumors are a major bank may need a bailout.

3
HeavyMetalPatriot 3 points ago +3 / -0

Which one donated the most to Biden's campaign?

That one will need the most bailing out.

0
kent 0 points ago +1 / -1

It's probably Bank of America since they're not refusing to give money back to customers that click phishing links and lose their money.

1
deleted 1 point ago +1 / -0
-6
OLEENHospitalReturns -6 points ago +1 / -7

Nobody fucking cares about the banks.

4
War_Hamster 4 points ago +4 / -0

Then everybody are/is idiots.

2
Joe_Snow 2 points ago +3 / -1

Idk what an idiot is. I'm not a psychologist

2
War_Hamster 2 points ago +2 / -0

I don't know what a psychologist is. I'm not insane.

Wait...... I don't think I'm doing this right......

1
Joe_Snow 1 point ago +2 / -1

Morning, war hamster

-2
OLEENHospitalReturns -2 points ago +3 / -5

That's an understatement.

-10
BostonVoter -10 points ago +3 / -13

This is garbage. Corporate Earnings are above average. Unemployment is at 3.6% inflation will unwind this summer. Interest rates are expected to rise 5 more times this year. Banks are making great money. This is just a liberal blue haired diversity hire analyst. Bank of America credit card spending data is up 15% and the payroll jobs numbers are back to pre-pandemic levels. Who the fuck stickied this fake news tik tok bullshit from the wildly low class Gateway Pundit .

8
KonyHawk_ProSlaver 8 points ago +8 / -0

Hahaha your "BostonVoter" username explains it all.

You haven't been paying attention. The economy is running mostly on fake gains and is finally being forced to end those 14 years of artificial good times from printing money because if we keep printing, inflation will run hotter and hotter.

Why is credit card spending a good thing? Why are people (zombie corps, investors, politicians) terrified of 2% interest rates, which should be normal? Why do recessions happen when the Fed raises interest rates? What happens to inflation if the Fed does nothing? Real wages are down already, and inflation psychology will drive further increases even if the "temporary" (HAH) nature of a supply chain crisis from COVID is resolved.

4
SorosHasBallsackEyes 4 points ago +5 / -1

Credit card spending is up 15%. Great for the creditors. Not so great for the wave slaves.

If you are not prepared already, and taking this opportunity to make the last few moves to shore up your ship, you are almost out of time.

-2
deleted -2 points ago +1 / -3
3
SPEZ_CUPS_CCP_BALLS 3 points ago +3 / -0

Lol what a rational take from you.

-4
BostonVoter -4 points ago +1 / -5

Suck a dick faggot

4
SPEZ_CUPS_CCP_BALLS 4 points ago +4 / -0

Another rational take

2
KonyHawk_ProSlaver 2 points ago +2 / -0

Also, that white male 45 year old nerd, who is the chief investment strategist for a major US bank, is a "liberal blue haired diversity hire analyst"? Who the hell are you? Are you blackout posting on the wrong political site by accident? What happened to this place?

2
HeavyMetalPatriot 2 points ago +2 / -0

Why do you think inflation will unwind this summer?

Especially with the oil and food shortage crisis?

Also, credit card spending isn't a good sign. It means people are taking on more debt which means more bankruptcies.

1
OhLollyLollyPop 1 point ago +1 / -0

And they won't be able to make the monthly payments as interest rates rise.

1
ChocolateEvryday 1 point ago +1 / -0

The unemployment numbers are manipulated and fake to make Biden look better.

I don't know where you are located, but here, every store and restaurant has a Now Hiring sign out front. Contractors can't find people to get up and work. Even on the higher end with corporate jobs I'm seeing the same.