As the White House keeps touting the success of President Biden’s “Bidenomics,” there’s more and more evidence that a huge economic crash could be just around the corner.
In fact, there’s one economic indicator that hasn’t been flashing since the 1930s when the Great Depression was at its peak. If the government doesn’t cut back on spending that’s causing inflation soon, it could be disastrous.
In 2020, when the government was locked down due to the coronavirus pandemic, President Trump and the Democratic Congress had to spend a lot of money to try and keep the economy, the financial system, and the stock market going. There was a huge amount of extra government spending, and it was all done through debt and money printing.