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Friday, March 8, 2024

Biden's Viewpoint: Economy (the best ever), Union (strong), Inflation (down), Democracy (the goal)!


Biden's State of the Union was 75% positive. He thinks the State of the Union is strong as ever. He thinks that our economy is the best ever (15 million new jobs). He says that inflation is down to 3% and dropping (but gas prices just went up 20% this past month). He claims that democracy is his goal and this means more money is needed for Ukraine. Putin (this dictator) must be stopped and this means America must continue to provide more weapons for Ukraine. Is any of this reality or is this pure DECEPTION. Here are my rebuttals. 

1. The economy 'appears' sound on the surface but underneath it is crumbling fast. Biden does not want to talk about the collapsing commercial real estate market or the unaffordability of the residential housing market. Interest rates (up for 16 months) are slowing the economy rapidly.

2. His view on inflation is strictly based on the Fed's concepts which exclude energy and food. Bread has increased to $6 a loaf and gas prices were just raised to $3.59/gallon in my area (Arizona). These prices reflect continuing inflation as of today. Inflation is a huge problem for now.

3. Biden wants more money funneled to Ukraine so this war can escalate. Russia is not about to change their military policy IMO and this means more needless killing of Ukrainians and Russians. Biden thinks that Ukraine will be another democracy (this is deception 101 IMO).

4. With respect to Gaza he wants to build a temporary pier so boats can unload needed products for the staving Palestinians. This is planned for this next month. This concept does not change the status quo and Israel will continue to kill more innocent civilians as the IDF tries to eliminate Hamas forces in Gaza. A cease fire does not seem to be in the cards (as of today).

5. Biden says his BIG goal is to promote DEMOCRACY for America and the world. Does he understand what this means? It means more MOB RULE for all these nations (Ukraine included). Democracy does not create real FREEDOM for the common man. It creates political leaders who desire to IMPOSE their corrupt policies on the masses (irrespective of what the masses want). Biden is fearful of Trump as he thinks Trump will impose a dictatorship on America. This is total deception IMO. Trump can not change the American mindset of wanting individual freedom. Impossible!

What deception this man holds in his mindset. None of his items above are realistic IMO and ALL are destined to fail. His State of the Union ignored all our DEBT issues and the continuing deficits which he has created since he became President. Trump is no better. Both do not understand our dollar history and what is now emerging with the BRICS alliance. 

The BRICS are creating a new payment system for their group of nations and they are working on a NEW currency for trade between themselves. This means the American dollar is destined to decline (big time) and this has already started. The American dollar is destined to become a national currency as its RESERVE status fails. This means that Americans must live within their means (consumption wise) and this means an economic depression down the road.

American's have consumed much more than they have produced since 1976. The evidence is our Trade Deficit (it has grown every year since 1976). Selling new Treasury bonds so Americans can continue consuming more than they produce is OVER. This means America's DEBT situation will eventually force serious change in America's economic behavior. All this was not mentioned by Biden in his State of the Union address (last night). He is living a total DECEPTION on most issues of reality. It's all shameful!

Think for yourself on these issues. Listen to Biden's speech and then compare his viewpoint to that which is happening in real-time in our markets. I think you will discover that Biden is totally DECEIVED on most issues. His Democracy concept is totally invalid. Political democracy does not bring the masses freedom. It brings the masses enslavement to MOB RULE. That is precisely what we have today in America! We need new leaders who desire to promote the Kingdom Age!


I am: Donald B. Swenson, Economist/Philosopher, http://kingdomecon.wordpress.com. Also, donaldswenson.blogspot.com. 


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