Joe Biden’s Presidency has been a catastrophe for the country.
But Biden’s biggest debacle could still be on the way.
And now Democrats are panicking after Joe Biden quietly prepared for this major disaster.
It took less than two years for President Joe Biden to run the economy into the ground.
The stock market is tanking, inflation is running rampant, and energy prices are through the roof.
But Joe Biden is quietly preparing his regime for another major economic disaster.
The New York Times reported that Biden has “pressed” regime officials to prepare for another economic crash like the one that hit in 2008.
Biden was reportedly “scarred” by the 2008 financial crisis and asked officials to study the possibility of the scenario repeating itself.
Four regime officials told the Times that the risk of a financial crisis was increasing significantly because of rising interest rates.
In an attempt to tame inflation, the Federal Reserve is raising interest rates to slow down demand in the economy.
But with inflation still raging, many industry analysts expect the Fed to continue raising rates even higher.
Preparing for an economic doomsday scenario flies in the face of the optimism about the economy projected by the Biden regime.
“I’m not concerned about the strength of the dollar,” Biden recently told reporters. “I’m concerned about the rest of the world, our economy’s strong as hell.”
Regime officials took note of the economic problems plaguing the United Kingdom.
The value of the British Pound collapsed, paving the way for a financial crisis in the country.
A potential collapse of the dollar could force the Federal Reserve to step in to try and save the economy.
Biden officials were worried that the Federal Reserve would have to purchase Treasury Bonds, which would flood the economy with cash while it’s also trying to fight inflation.
With the economy going down the tubes, Biden is quietly preparing to handle the worst-case economic scenario.
This is the latest sign that major economic problems are coming down the pike.
Bloomberg economists Anna Wong and Eliza Winger released a report predicting a 100% chance of a recession by October of 2023.
The economy entered the Biden recession earlier this year after two consecutive quarters of negative economic growth.
Biden and the corporate-controlled media tried to rewrite the definition of a recession to protect Democrats ahead of the Midterm elections.
Now even Biden’s allies in the media can’t deny the fact that a major recession is on the way.
Despite his public optimism on the economy, Joe Biden is privately preparing his floundering regime for its biggest economic disaster yet.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.