Biden's steady sale of US strategic oil reserves in order to drive down energy and gas prices, thereby artificially reducing CPI. By June of this year Biden had sold off at least 50% of the nation's emergency oil supply just to keep CPI down a few points.
Finally, rising GDP is often cited as a key indicator of a vibrant economy, but what the "Experts" rarely mention is that GDP is rigged by the inclusion of government spending.
Currently, government spending accounts for at least 36% of GDP in the US. It makes it look like America is more successful than ever but this is based on the government taking more cash from the public, printing more money and going into greater debt, then throwing that cash away with wild abandon in order to prop up the numbers.
Goldman Sachs recently made a statement that under a Harris regime GDP would go up and under Trump GDP would take a big hit.
If Trump follows through on his fiscal responsibility policies, then OF COURSE we'll see a drop in GDP. It would mean government spending will go down and the rigging of GDP will end.
Harris will be incentivized to increase government spending in order to hide greater deflation in GDP. Trump's arrival in the Oval Office will result in a hailstorm of bad economic data, and most of this will be due to the sudden end of statistical manipulations that have been in place for the last four years.
Biden's oil reserve dumps will be over, no longer anchoring CPI. We will continue to see inflation in necessities with deflation in other areas including jobs and GDP. That's what happens during a stagflation crisis.
https://alt-market.us/smoke-and-mirrors-what-happens-after-bidens-economic-manipulations-disappear/
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