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Rebel Capitalist News

News: Biden Administration Just "Revised" Away All Economic Bad Data

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 30 September 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so just FYI the Biden administration came out and said all of that economic data that you guys have been focusing on that implies that the economy isn't doing so well

0:19.0

or maybe headed for a recession, ignore all of it because it was all fake news. In fact, we just went back and

0:25.3

revised all of the economic data from the past two years that shows the economy is incredibly strong. The personal savings rate has

0:38.5

gone right back up to heck near all time not all time eyes, but it's back, it's not in the no Bueno zone, it's in the Bueno zone and we just revise

0:49.9

GDP up. I mean it was kind of but now it's fantastic and personal incomes. I mean you

0:57.1

guys don't know it but you've been making an incredible amount of money.

1:01.0

Just ask the people that revised all of the data over at the Bureau of Economic

1:08.8

Analysis, which oh by the way who do you think just question, who do you think runs the Bureau of Economic

1:15.4

Analysis that's responsible for all of these data points that the market trades on?

1:21.8

Would it be the Biden administration?

1:23.4

Basically, basically, you're really, really close.

1:28.5

So it's not just what the market trades on as far as these data,

1:32.4

it's what people vote on. I think that's what's much more

1:36.5

important. So keep that in the back of your mind as we go through this story which quite frankly is shocking.

1:43.4

There's no other way to describe it.

1:44.8

Just this is...

1:46.8

If there was ever a stiff drink time, it's right now.

1:49.7

Make sure you're sitting down for this one.

1:51.1

Because you are going to be livid at the end of this

1:54.4

video here we go and hats off to zero hedge this is just an unbelievable

2:00.3

article that exposes just what we're dealing with in the belly of the beast in

2:06.7

Washington DC and this is stuff that you would have expected in Russia in Russia, or in Germany in the 1930s,

...

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