Both Musk and Bezos speak of a recession
You don’t have to like Elon Musk or Jeff Bezos, but both of these men are smart. They didn’t acquire their wealth because of luck. They earned it. Both Musk and Bezos brought up the word recession in the last few days. These men are doing what our government and media refuse to do for Americans. They are warning you of the looming recession.
Many Americans will be caught off guard. They shouldn’t be, but between the government’s lies and the media covering up for the government, many will be unprepared. The government has outright lied about the state of the economy. They went to the extreme of literally changing the definition, of a recession, to be able to say we are not in one. Changing the definition does not change the fact that we are in a recession. This is why American’s will not be prepared, the government gaslights. Sadly, American’s are blind to what they see with their own eyes and deaf to what they hear with their own ears.
first, let’s define a recession
A recession by definition is 2 consecutive quarters of declining GDP (gross domestic product). This has already happened. That means we are in a recession. Our government, the Biden Administration, has literally changed the definition of the word recession. Why? They want everyone to believe the economy is great or in Biden’s own words, “strong as hell.”
You hear that right? Does it feel like that when you go to the grocery store? How do you think our elderly feel that are on fixed incomes? It’s not just food, what about gas and heat? The cost of every single thing you use or need to survive is going up. Some can’t afford it. Joe Biden is gaslighting Americans. He makes them blind to what they know and it’s sad. Dems need to look in the mirror when the accuse Republicans of being brainwashed.
Did you know that Dems changed the definition of recession so many times on Wikipedia that Wikipedia had to turn off the editing. This isn’t a joke. They are desperate to hide the truth before the election. Dems know the economy and inflation are the number one issues for voters. We’re happy that the Democrats are putting all their focus on abortion because it helps the Republicans.
Jeff Bezos warns Americans to “batten down the hatches”
Many high profile CEO’s have come forward to say that they believe America is heading into a recession. There again, big tech and the media hide the truth. They don’t want to say those words that we are in a recession now. Will not saying the words actually help them in 3 weeks with the election? It’s doubtful.
Who owns the Washington Post? That’s right, Jeff Bezos. The paper is known to be liberal, biased, and in the pocket of Dems. Bezos’ own paper did not do an article on his warning of a recession, that we found. Doesn’t look like the networks did either unless the stories are buried so deep we can’t find them. Are these CEO’s, big tech and the media going to gently ease the truth to people after the election? It sure looks that way.
what happens during a recession
Again, a recession is 2 consecutive quarters of the GDP declining. It’s a decline in economic activity. The economic output is the number of goods and services produced. The GDP measures the output, what is produced and sold. Unemployment generally goes up. This is Biden’s excuse for lying to American’s, he says that we haven’t lost jobs and that he has created millions and that means we are not in a recession.
Unemployment is already on the rise. Many of our major companies are going to have layoffs. Amazon, Peloton, and Twitter are just a few. Our high prices from inflation cause consumers to spend less. Less buying causes companies to then cutback employees.
The housing market is going to take a hit. The Fed is raising interest rates to combat inflation. They have no choice. Loans for home buyers will have a higher interest rate. People won’t be buying homes. This in turn crushes the construction business. The value of existing homes goes down. It goes round and round. Credit card payments will go up with the rise in interest.
Small businesses have no growth. Lenders won’t help them because they will find small businesses a risk. Small businesses will go under and there won’t be any new ones.
What to expect in a financial crisis
The value of assets declines. Businesses and consumers are unable to pay their debts. Investors sell of assets. People may withdraw money from the banks. Banking and stock market crashes led to the great depression. This can be contained to a country or region or spread globally. Right now, it seems that the entire world is having big problems due to the war in Ukraine. Economies all around the world are suffering. Failure of the Fed to raise interest sooner and higher to combat inflation is a cause of what is happening right now. The world’s situation with oil because of Joe Biden, is also contributing to inflation, the looming recession, and the impending financial crisis.
The U.S. is in serious trouble. Biden and his Administration lying to American’s is only going to hurt them worse. The media, the Dems, and bid tech could all be helping people by having them prepare.
Musk announces the truth about the recession
The richest man in the world announced that we are in a recession that may last through the spring of 2024.
Musk said he had a “super bad feeling” about the economy and that Tesla needed to cut about 10% of staff, according to a June email seen by Reuters. Later, he said the reduction would apply only to salaried workers.https://www.reuters.com/business/autos-transportation/tesla-falls-after-delivery-warning-sparks-doubts-over-growth-momentum-2022-10-20/
pray for the best but prepare for the worst
We have been preparing for the worst since, Biden took office. We know it’s going to get worse. It will be very hard for many and this Administration does nothing to help people by having them aware of what’s happening. Biden saying our economy is great doesn’t help people get ready. Hopefully, American’s will heed Bezos’ warning and listen to Musk. It’s rather sad that our government, big tech and our media can’t do what is right for Americans. They are all to blame for the upcoming suffering.
Older generations either lived through it before or have been told stories of hardships. They know what to do and live their lives semi-prepared all of the time. Younger generations don’t believe things will get bad or at least for them. They have jobs and don’t worry about “what if’s.” They also live pay to pay. This group spends everything and saves nothing.
how to prepare for what may come
To cut costs, companies lay off employees. Are you prepared if you loose your job? No one ever really is, but you can somewhat prepare. Pay down your bills. Interest rates are going to go higher. Credit card payments will be more. Pay down your credit cards as much as possible. Try to have a minimum of 3 months worth of cash aside for bills. Again, that is a minimum.
Cut down on non essentials. Go over your bills and all of your spending and see what is a necessity and what is not. Cut back on non essentials and save that money or put it towards paying down credit cards. If you loose your job always pay rent or mortgage first. No if’s ands or buts, you must have a roof over your head. Next pay the car payment to be able to get to work. Heat if it’s winter would be next with food. If it’s summer, you can probably survive without air conditioning.
Ask lenders and credit card companies for hardship applications or what they will accept as a minimum payment. They may allow you a few months of no payments. It’s worth asking.
inflation has not reached it’s peak
Inflation is far from it’s peak. Even those who don’t loose their jobs are going to be struggling to pay for increased costs of everything. If you are able, eat cheaper and buy more. Buy the no name brand and buy 2. Supplies to stores are on the decline and have been since the Covid shortages. Hoarding won’t save you money. Buying cheaper will and stock up.
The people who garden, usually can or freeze food. Learn from someone who knows how to do this. Most people can grow at least one tomato plant in a container. Container gardening is great for those in small spaces. Go on line and find out what grows good in sun and shade depending on what you have available.
you can never be too prepared
If things get worse, which they will, but obviously not for everyone, you can’t be too prepared. These things can save you. At best, you will be in a better situation. If the worst doesn’t happen to you be thankful to God, not everyone will be so lucky. When this recession is over and you were not directly hit by it, take the extra money you saved and apply it to your mortgage or invest it. You will be no worse off by having some extra food in your pantry. You won’t be less healthy for eating fresh vegetables that you grew.
Being prepared for the worse and not needing it will be so much better than needing it and not having it.