The media entertainers have determined that the DOW rising to new levels of high is an indicator that Bidenomics is working. Well, it is, just not in the way they perceive. Economics and Accounting are not subjects the vast majority in Congress or in the Entertainment world of News are prolific in. In fact, their abject illusionary vision is indicative of the education lawyers and journalists receive.
The market movers or gainers that have seen the most increases in share values include the Banking Industry, Energy Industry (as in those nasty fossil fuels), and Lithium (as in one of the dirtiest forms of energy in the world). All controlled by BlackRock, Vanguard and State Street Funds. These ‘funds’ routinely create market bubbles for their clients. Not for society. Not for the middle income and certainly not for the poor. They expand the wealth of the wealthy.
In addition, who is driving the DOW? Is it insider trading as bankers and oil company executives sell insider shares? Is it foreign investors who don’t contribute to America’s economy?
Examples: Exxon Energy is up 300% since Bidenomics. JP Morgan is up 67%. The Biggest losers coming in with losses as high as 99% are all small startups – 1800 companies.
So, a higher DOW in today’s illusion is a worthless measure of Economics.
The Federal Reserve is slated to lower interest rates in time for the 2024 Election. These higher interest rates for the past 3 years have depleted middle America. And that was ‘the point’. Gas prices are also being artificially lowered lowered as depletion of our reserves continues unabated. The Federal Government spending spree on War is the sole real driver of GDP. Which is why Biden declared war was good for the economy. Who benefits? The War Industry: Lockheed up 40% since the Ukraine war. Northrup up 30%. Largest share owner of Lockheed is State Street. Largest shareholder of Northrup – Vanguard. Largest owner of Vanguard – BlackRock. Largest shareholders of State Street – BlackRock and Vanguard.
It is a circular illusion of profit that is deposited in the hands of a few.
What it doesn’t measure is anything Economic. War spending is also an illusion that artificially gives the appearance of a growing GDP. To make matters worse – that spending is built on a mountain of debt. The Federal Reserve has projected GDP growth for the next 3 years to be in the range of 1.4% to 1.6%. Legal and Media Entertainers applaud this growth… having absolutely zero knowledge of what it means. It means a Trump presidency is going to have to ‘curb government spending’ which has been the sole driver of growth!
Today our pathetic wisdomless, Jenna Ellis, shared a Newsweek article wherein Dr. Wayne Grudem, a theologian and seminary professor, rallies his Trump support in 2016 and 2020, with all the benefits and values that Trump executed during his time as President despite the gruel of the Cruella’s. He ends his monologue by declaring Trump should drop out of the race today – because “POLLS” say he will lose. Bless his idiotic soul.
Grudem may be a bit on the tipsy. The POLLS he sites as proof positive that Trump is losing include: Frank Luntz – who called Trump the weakest candidate. A Gallup Poll wherein it projected that more Republicans are becoming Democrats. A New York Times Poll which stated that 56% of Americans don’t like Trump. And then went on to declare Newsom as a good candidate… Why? Because he is young and fresh…an interesting qualifier for running the country!
Grudem’s political and economic acumen is about on par or parallel to that of AOC.
Luntz: He self written bio describes him as “One of the most honored communications professionals”. He opines that he is the best Republican analyzer and pollster with a resume including: MSNBC, CNN, Bloomberg, BBC – etc… He isn’t a pollster, he conducts ‘surveys’ for a fee ~ according to his own website. The Republican Party he strategizes is the Rhino’s, which are wholly aligned now with Democrats.
Gallup: According to their website, the Poll was a telephone survey of 1008 individuals with a 4% error rate – no demographics – no gender or race or nationality representation – just a random survey of nobodies.
The Times/Siena: Siena gets its survey individuals from a pre-approved list of voters. That’s it. Also, no demographics, gender, race etc… A vacant brain cell.
Surveys are created for one purpose – to sway voters into voting for a particular pre-chosen candidate of their bias. That would be their stated methodology.
America’s Economy today is built on a pile of debt – $40 trillion. The statistical numbers are manufactured and don’t align with other figures. For Example: ADP Payroll and Bidens’ BLS vary in employment numbers by as much as 87% per the most recent release for November.
The inflation rate is an obvious farcical concoction formulated in a witch’s Brew. The 3.4% – which is the number the SS division gets to use in calculating 2024 increases, does not take into account any of the basic services and instead relies on – ‘personal consumption expenditures’ of the URBAN population. The ‘basket of goods’ used includes computers, prescription meds, college tuition and mortgage payments… Yes really. Mortgage payments which include fixed rate mortgages bought in 2019 at 2%. Food and Energy are omitted because they ‘fluctuate too much’…
The measurement is false. It is fake.
The Urban population of the US has undergone a metamorphous as a direct result of immigration. Less than 45% of urban dwellers are white. Predominant in urban populations is a sharp schism of uber wealthy – such as Manhattan – and uber poor/. Per Capita income in NYC is just $48,000 and the poverty rate is 17% to 20%. The racial mix: 37.5% White, 23% Black, 14.5% Asian, 29% Hispanic.
Detroit as an urban hub is now 80% black with a mean income of just under $21,000.
Obviously urban dwellers are NOT a fair American demographic statistically. But our Federal Government cherry picks their measuring methodologies, their statistics, and their economic values. To present a False propagandized illusion that Entertainers and Lawyers in Congress utilize to squeeze Middle Class Suburbia into oblivion.