Read more on this subject: Economy – Economics USA
News Story Source: https://www.zerohedge.com, by Egon von Greyerz
Not that a Trump win would have been that much different since the die had already been cast long ago for the final decline of the current financial system.
And the BY duo will be the perfect team to lead the US economy and the rest of the world into perdition. Biden is already an experienced player in deficit spending and massive debt accumulation. And Yellen was there for part of the time printing whatever was required.
BIDEN YELLEN – SEASONED MONEY PRINTERS
Biden served as Vice President from 2009 to 2017. During those 8 years US debt went from $10.7 trillion to $20t. That is a massive increase of 85% or $9.3t.
When Reagan became president in 1981, US debt was just under $930 billion. It took the combined efforts of Reagan, Bush Sr, Clinton and Bush Jr 28 years to grow the US debt by $10t whilst Obama and Biden managed to grow it by almost the same amount in 8 years.
What we must remember is that the Great Financial Crisis was supposed to have been resolved in 200
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