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Even The Director Of Biden’s National Economic Council Has Been Forced To Admit The Economy Is “Spiraling Downward”

Michael Snyder
January 19th, 2021
The Economic Collapse Blog
Comments (11)

This article was contributed by Michael Snyder at The Economic Collapse Blog. 

If your economy is “spiraling downward”, is that a good sign or a bad sign?  To me, that doesn’t sound good at all, but if I am mistaken please tell me.  I just want to make sure that I am not “misinterpreting” anything.

Brian Deese, the man who will shortly be serving as the head of the National Economic Council, has publicly stated that our economy is “spiraling downward” at this moment.  When I hear that, I picture a passenger airplane that completely loses control just before it crashes.  But according to Deese, there is a solution.  All we need to do is to pass the 1.9 trillion dollar stimulus package that Joe Biden is proposing

A top economic adviser to President-elect Joe Biden warned the US economy is “spiraling downward” and called for swift action to address vulnerabilities that the global pandemic has drawn into focus.

Brian Deese, who will serve as director of Biden’s National Economic Council, said Sunday that the incoming administration’s $1.9 trillion spending plan would generate “the kind of robust recovery we need.”

That sounds so good.

All we have to do is press a button and we will be on our way to a “robust recovery”.

But what about all of the trillions of dollars that we already spent on all of the previous “stimulus packages”.

If they didn’t fix the economy, why will this one do it?

Perhaps they weren’t big enough, and so why don’t we make this next one 19 trillion dollars instead of just 1.9 trillion dollars?

If printing, borrowing, and spending 1.9 trillion dollars is good, surely 19 trillion dollars would be so much better.

Of course, I am being facetious.

The truth is that over the past year we have literally been committing national financial suicide.

Just look at what our leaders have done to our money supply

We used to talk about “hyperinflation” in the United States in theoretical terms, but this is not a theoretical exercise any longer.

I cannot even begin to express how horrifying this is, and now our politicians in Washington plan to add another 1.9 trillion dollars to the fire.

As a part of his “stimulus package”, Joe Biden also wants the federal minimum wage to be raised to 15 dollars an hour

It also calls for a $15 federal minimum wage, from $7.25, higher taxes and more regulations. Those initiatives have already alienated some Republicans and drawn criticism that the proposals are far removed from an emergency effort to shake off the coronavirus-related slowdown.

But at the rate we are inflating our currency, that certainly won’t be a “livable wage” for long.

So I have an idea.

Let’s make the minimum wage 150 dollars an hour.

Surely that is a proposal that our socialist friends can really get behind.

And when I use the term “socialist”, I am referring to most of the politicians in Washington.

If we force all of the “greedy” small businesses in America to pay their employees $150 an hour, then all of those workers will finally be able to live the lifestyles that they have always dreamed of living.

But of course, many of them also wouldn’t have their jobs for much longer, because most of their employers would shortly go out of business.

Unfortunately, the socialists in Washington don’t understand how businesses actually operate.  In fact, the vast majority of our politicians have never actually run a successful business.

What they are good at is spending other people’s money, and members of “the Squad” are publicly calling for even larger “survival checks” that Biden is proposing…

AOC: “$2,000 means $2,000. $2,000 does not mean $1,400”

Ayanna Pressley: “The people deserve, demand, and require $2,000 recurring monthly survival checks.”

Ilhan Omar: “The American people are struggling to make ends meet and need relief. We must immediately pass $2,000 survival checks.”

Rashida Tlaib: “$1400 < $2000  Math teachers know this. That $600 is already in the clutches of landlords and bill collectors. Stop compromising the working class, and our most vulnerable neighbors.”

As I discussed yesterday, the cost of issuing $2,000 “survival checks” a single time would be approximately 600 billion dollars.

If we do it on a continual basis, the cost per year will be more than 7 trillion dollars.

So where does Ayanna Pressley suggest that we get an extra 7 trillion dollars?

Should we just print it into existence and make our transition to a “banana republic” complete?

Sadly, now that we have opened Pandora’s Box the American people are going to be demanding more government checks on a regular basis from now on.

As I detail in my new book, Shane Warren once warned that we would get to a point where people would be in the streets demanding their “entitlements” and if you doubt that we have arrived at that time just look at what radical leftists did to Nancy Pelosi’s house.

When people try to convince me that the United States is in danger of becoming a socialist country “someday”, I just smile.

The truth is that we already are a socialist country, and we have been for a long time.

Even the stock market has become a rigged socialist game.  Every time it starts to slip, the Federal Reserve steps in to bail out investors.

According to one recent survey, the vast majority of millionaires believe that we are either in a “stock market bubble” or that we are heading into one…

  • 16% think we’re “fully in a bubble”
  • 46% in “somewhat of a bubble”
  • 29% think the market is approaching one

But most of them continue to pour more money into the market because they know that the game has been rigged in their favor.

However, what happens if things get so crazy that the Federal Reserve eventually loses all control?

Many are convinced that this can never happen, and we shall see if they are correct.

Meanwhile, the real economy continues to get even worse, our politicians continue to spend even more money, and social unrest continues to grow.

America has entered a long national nightmare, and what most people don’t realize is that this nightmare is still only in the very early stages.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

 

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    Author: Michael Snyder
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    Date: January 19th, 2021
    Website: http://theeconomiccollapseblog.com

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    11 Comments...

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    1. Darth Skippy says:

      Uncle Touchy says, it’s how we heal.
      http://vignette4.wikia.nocookie.net/harrypotter/images/c/cc/Tumblr_lv13kyrMIO1qgt0vro1_250.gif/revision/latest/scale-to-width-down/225?cb=20160212004153&path-prefix=zh

      “So where does Ayanna Pressley suggest that we get an extra 7 trillion dollars?”

      Where does it go, when we’re done with it?

    2. Mr_Yesterday says:

      If universal income does happen, I’m going full on gangster hacker or whatever is necessary, to be the first eagle to clutch the universal income worm from the feeble hands of the lessor humans. Going to need a bigger nest. I never dreamed identity fraud could be this lucrative. But if it is, you can bet your bottom dollar I’m getting in on it. I’m posting with my weekend identity. My father and mother will simply never die, and they’ll stay on the books for ever and ever and ever, sharing my mailing address. Who else can I include, and how can I get their checks? This is exciting indeed. I’m also a newly appointed citizen migrant. What paperwork do those people need to get legal, because I can provide that!

    3. Sarcastic tone says:

      So very much to look forward to under a Creepy Joe Biden administration.Yes,certainly will mark the beginning of a whole new era.Oops,I meant to say a whole new error!!!

    4. OOOOOHHHH KKKKKKK says:

      They will need 15.00$ an hour, a loaf of bread will be 5.00$ Bidens just figuring on the inflation that will set in. and he knows it is coming.

    5. Shebune Wiggins says:

      Do you mean like champagne bubbles?

    6. cranerigger says:

      Indigenous Rhodesian citizens got rid of the folks that made their country relatively successful. This led to famine.

      The Parade of Idiots that will run the USA from “D.C.” beginning tomorrow will lead to many unintended consequences. Those that voted for these changes can thank themselves. Those that failed to vote deserve the same disdain.

    7. csaaphill says:

      Off-topic but needed to be seen and said.
      Expect if they are serious about this to have v2k used on lots of people in the up coming days, weeks month’s and years of this Presidency.
      v2k means voice to skull, and is not a conspiracy theory it’s a real technology. This site a few years ago did a interview with on Dr. who talked about it. If your a gag stalker you’re evil and God will punish you. I care not for what reason it’s what he will call get away from me you workers of iniquity for I knew you not. It’s also what is called they will do evil thinking they are doing things for me. Gang stalkers are evil people and need punished but since it’s an unseen evil and not taken very serious for most think it’s nothing more than mental illness in most but it’s not. Schizo people don’t just become that overnight they are part of a long series of that. V2k voice to skull is a sudden onset and is part of a universal rogue Group. Govt military
      and or individuals. it uses the 5g wireless technology to radiate a person skull then send artificially created telepathic messages to a person ears or brain. Its what is called EMF or EMF radiation. There’s tons of sites about TI’s or targeted Individuals. One I saw recently goes as far as talks about how they use v2k to simulate the Coronavirus. IF your a gang stalker God see’s you and you will be punished. No one for no reason period has the right to use such technology to do something that god is supposed to only be able to do. That is he’s the judge and the one who revenges us for the evil we or others do to us. You’re playing god and need punished. Repent now of your sick and evil deeds on humanity or be thrown into the lake of fire for you Idolatry and Sorcery. Yes this is sorcery for it’s opening up things that no person should have access to. Plus in the spiritual realm it’s Satanic and it’s his work as well not God’s. I pray for those who are victimized, plus I pray for the sick who do this to repent.
      But this I think is part of the times that is spoken of as the Tribulation times for in no time but modern history has this been available that Satan and his evil followers have had access to God’s temple. YES this is what Second Thessalonians talked about going into the temple for the human body is the temple that statement was talking about, and it’s the temple that evil the abomination who says he’s above and beyond what is called God. If people do this they are saying they are better than god and are to be punished. So yes expect more and more evil things like this to happen. Plus all you who cry the depopulation what a better way to do it through artificial means! How many are part of this Dems Repubs? both sides i think.
      But innocent peoples, Christians in these end times will have this done to them more and more and some will go off some wont some already are suffering from this crap. I pray for you.
      again I pray for those that do this too but to repent. But if not God sees and knows who you are you will be caught by him in some way. Car accident you will be shot, fall off a cliff, or other but you will be punished!

    8. csaaphill says:

      Expect if they are serious about this to have v2k used on lots of people in the up coming days, weeks month’s and years of this Presidency.
      v2k means voice to skull, and is not a conspiracy theory it’s a real technology. This site a few years ago did a interview with on Dr. who talked about it. If your a gag stalker you’re evil and God will punish you. I care not for what reason it’s what he will call get away from me you workers of iniquity for I knew you not. It’s also what is called they will do evil thinking they are doing things for me. Gang stalkers are evil people and need punished but since it’s an unseen evil and not taken very serious for most think it’s nothing more than mental illness in most but it’s not. Schizo people don’t just become that overnight they are part of a long series of that. V2k voice to skull is a sudden onset and is part of a universal rogue Group. Govt military
      and or individuals. it uses the 5g wireless technology to radiate a person skull then send artificially created telepathic messages to a person ears or brain. Its what is called EMF or EMF radiation. There’s tons of sites about TI’s or targeted Individuals. One I saw recently goes as far as talks about how they use v2k to simulate the Coronavirus. IF your a gang stalker God see’s you and you will be punished. No one for no reason period has the right to use such technology to do something that god is supposed to only be able to do. That is he’s the judge and the one who revenges us for the evil we or others do to us. You’re playing god and need punished. Repent now of your sick and evil deeds on humanity or be thrown into the lake of fire for you Idolatry and Sorcery. Yes this is sorcery for it’s opening up things that no person should have access to. Plus in the spiritual realm it’s Satanic and it’s his work as well not God’s. I pray for those who are victimized, plus I pray for the sick who do this to repent.
      But this I think is part of the times that is spoken of as the Tribulation times for in no time but modern history has this been available that Satan and his evil followers have had access to God’s temple. YES this is what Second Thessalonians talked about going into the temple for the human body is the temple that statement was talking about, and it’s the temple that evil the abomination who says he’s above and beyond what is called God. If people do this they are saying they are better than god and are to be punished. So yes expect more and more evil things like this to happen. Plus all you who cry the depopulation what a better way to do it through artificial means! How many are part of this Dems Repubs? both sides i think.
      But innocent peoples, Christians in these end times will have this done to them more and more and some will go off some wont some already are suffering from this crap. I pray for you.
      again I pray for those that do this too but to repent. But if not God sees and knows who you are you will be caught by him in some way. Car accident you will be shot, fall off a cliff, or other but you will be punished!

    9. Andrea.Iravani. says:

      Some of the most significant and far reaching legislation initiated by Reagan and Clinton was not included in this that would not have allowed all of these things to have happened. 

      1.) Executive Order 12333 signed by Reagan in 1981.
      2.) The creation of the Plunge Protection Team ( PPT) after the crash of 1987.
      3.) Elimination of Blue Sky Laws for tech start ups under Clinton, effective immediately.
      4.) Allowing foreign banks to become Federal Reserve member banks almost immediately after Ckinton     assumed office.
      5.) Allowing tech companies to hand national security technology blue prints developed by the military, corporations, and universities to the CCP under Clinton almost immediately.
      6.) The internet in 1993 creating day traders around the world that can destroy any economy almost instantaneously, which Soros did with the British Pound, creating wide swings in stocks, commodites, and currencies.

      Andrea Iravani

      I posted the above comment on thesaker yesterday at 6:19 pm. I tried sending it other times and it was not posted, nor were my other comments. Maybe since his server is in Iceland posts are being intercepted by the NSA, you know, the Russian Hackers.

      Andrea Iravani

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