The American economy is heading towards complete collapse due to the policies of US President Joe Biden. The main factors of the collapse may be inflation and tax increases. This was announced on Wednesday, April 20, on the air of the Fox News channel by host Tucker Carlson.
“Everything has gone up in price. This is especially true for big things – they have become the most expensive. Why? Very simple. The US currency is weakening and this has created an unprecedented asset bubble. This means that investors around the world are rushing to convert the increasingly depreciating US dollars into items that can hold value in the long run… This is exactly what happens when you pump too much money into the economy. Money is starting to get cheaper,” he said.
According to Carlson, the economic decline will lead to social and political instability. In addition, Americans will have to drastically cut back on their purchases.
“In an economy where consumer spending is one of the main drivers, this is a very frightening trend. When people stop buying, there is a crash. So you can clearly see where this is going. Everyone in Washington is well aware of what is going on. But instead of taking real measures to correct the situation, for example, stop writing these massive spending bills, they are taking everything they can, ”summed up the TV presenter.
On April 19, it became known that in the United States the record of 2012 for the increase in the price of corn was almost broken. If then, due to the severe drought, corn cost $8.49 per bushel (36.3 l), now, due to the situation in Ukraine, its price has already reached $8, Bloomberg reported.
On April 13, the American leader said that inflation in the United States is 70% due to Russia’s actions to protect Donbass. He said that the two largest grain producers in the world – Ukraine and Russia – “are not doing what they usually do,” so all prices have risen sharply.
After that, on April 14, Fox News anchor Sean Hannity disagreed with Joe Biden’s statement that Vladimir Putin was allegedly to blame for rising prices in the United States. According to the journalist, it is Biden’s Green New Deal economy that has “become a nightmare for the American people.”
On February 24, Russia launched an operation to protect civilians in the Donbass. Moscow explained that the tasks of the special operation included the demilitarization and denazification of Ukraine, which is necessary to ensure the security of Russia. On April 19, the Russian side announced the start of the next stage of the military operation – “the complete liberation of the Donetsk and Luhansk republics.”
The decision was made against the backdrop of aggravation in the region as a result of shelling by the Ukrainian military. The authorities of the Donetsk and Lugansk People’s Republics announced the evacuation of residents to the Russian Federation, and on February 21, the Russian leader signed a decree recognizing the independence of the DPR and LPR.