Comments by "gary K" (@garyK.45ACP) on "Everything They Said Was A Lie. Get Ready For The BIDEN CRASH." video.

  1. Well, no one will talk about it until the 2Q GDP report comes out. I believe this person is right, we are in a recession, but it won't be "official" until the reports are released July 28. There will be some preliminary "reads" before then. Here are the basic facts. Inflation reduces a person's buying ability, it reduces a person's "discretionary spending" but, even more than that, supply chain shortages damage sales. Even if you have money to spend, you can't buy the things you want because they are not in stock. It is impossible to grow the economy and increase GDP (the total of all goods and services) when you don't have basic materials. There are months long backorders of building materials, appliances, automobiles. If you don't have the stuff to sell or provide for construction it is impossible to grow the economy. Note to Biden: The USA gets almost -0- food products from Ukraine. We EXPORT the same agricultural products Ukraine does. The issues with Ukraine food products are affecting Africa and Europe, not the USA.
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