U.S. GDP 'Unexpectedly' Turns Negative As Endless Sanctions Wreck Havoc On Global EconomyChris Menahan
Apr. 28, 2022
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This is what Democrats call "the cost of standing up for freedom."
From "CNBC, "U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit":
Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.The economy is struggling due to massive inflation caused not only by the covid bailouts but more pressingly the West waging total war on Russia to try and tank their economy.
The West's attempt to destroy Russia's economy with endless sanctions has backfired massively, with Russia expecting record revenues from oil and gas exports and Western nations seeing record inflation.
The ruble, which Biden said just weeks ago had been reduced "to rubble," is now trading at a 2-year high against the euro and is worth more than it was pre-invasion.
The price of "standing up for freedom" (see: waging proxy war with Russia) is getting higher by the day!
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