Democrats manipulated economic data, the US is already in recession

THE US economy will “turn on its back” soon, warns former Wall Street money manager and founder of the investment company “Finance Technologies” Ed Dowd.

Dowd, who warned about the problematic “health” of the American economy back in May, explained to “US Watchdog” that the data on the unemployment rate were falsified and that the administration of Joseph Biden, with the support of the Federal Reserve, “manipulated” statistical data in try to make the Democrats win the elections.

“For the average person, the economy is really bad, and they used government spending and employment to cover it up,” Dowd said.

The economy is the reason why Trump won the election, the real economy and not the “everything-is-great” narrative of the mainstream media, Dowd said.

– The real economy is turning upside down, and we are just waiting for the financial markets to realize it. When they do, Trump will inherit a shitty financial market crisis. State statistics will be updated and will show that sometime this year we entered a recession, he said.

Dowd’s advice for the Trump administration is to be one step ahead. – This is already baked into a cake. They just got fake books. So they will basically be blamed for what is coming. They have to tell people what’s wrong with them, stand in front of the story and talk about what they got. They need to explain that the stock market is not a true indicator of economic health but the result of brutal manipulation, the investor said.

(rt.rs)

BONUS VIDEO – RUSSIA LAUNCHES A ROCKET: Watch the launch moment