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“Bidenomics” Is A Fraud Based On Deliberately Misrepresented Stats

July 27, 2023

By Brandon Smith

Economic issues are some of the most politically abused issues often because the data politicians exploit is easy to present out of context. The vast majority of the public doesn’t spend their time immersed in the intricacies of monetary policy, unemployment stats and the processes of inflation vs deflation. They hear a soundbite on the news or social media once in a while, assume it must be true and then go on with their day.

This is how economic crisis events always seem to take the population by surprise – The establishment tells people all is well and no one questions the narrative in the face of numerous warning signs. Sometimes, the populace continues to believe that everything is fine despite the financial framework burning down around them, all because the “experts” continue to convince them that recovery is “right around the corner.”

There are numerous incentives for government officials and mainstream economists to mislead the citizenry with tales of imminent prosperity in the midst of instability. Primarily, the goal is to keep the middle-class population as docile as possible so that they don’t revolt until it’s too late (the middle class being predominantly conservative, and the greatest threat to any corrupt regime). Understand that economics is the root of power, and economic perception is the key to influencing the masses.

Hidden Indicators And Rampant Money Printing

The reality is that the US was hurtling towards stagflationary disaster ever since the crash of 2008, when Barack Obama and Joe Biden (with the help of the Federal Reserve) oversaw the near doubling of the national debt from $10 trillion to almost $20 trillion – The most egregious abuse of monetary policy that the US had ever seen.

And, keep in mind this was only the officially reported cash. Because of pressure brought by people like Ron Paul in 2011, the government was forced to pursue a limited audit of the Federal Reserve bailouts at that time. This revealed at least $16 trillion created from nothing by the Fed to prop up the failing system.

In 2006, right before the derivatives collapse, the Federal Reserve conveniently and abruptly ended their M3 money supply report. They now only report the M2 money supply, which does not include the vast assets held in corporate coffers, large time deposits in banks, institutional money market funds, short-term repurchase agreements (repo), and larger liquid assets. It was as if they knew an inflationary event was about to take place and they needed to obscure the evidence.

In other words, in economics there is the “official government data” and then there is the REAL data, which is sometimes so hidden it is impossible to quantify.

Even if we only go by the M2 report, the money supply skyrocketed starting in 2020, and rose exponentially through 2021 and 2022 – It jumped by 40% in only two years. This is why the cost of most necessities has risen 25% or more.

I’m sure most readers have noticed that inflation is not going away despite Joe Biden’s claims that he has “cut inflation in half” under his “Bidenomics” plan. This is because inflation is cumulative. The CPI might fluctuate, but the effects of inflation remain as prices tend to increase and stay high perpetually.

There Is No Such Thing As “Bidenomics”

The supposed financial progress that Biden is trying to take credit for has nothing to do with Biden’s policies. Not a thing. Unless, of course, you count market manipulation as a positive.

For example, the reduction in CPI is directly related to the continuous interest rate hikes of the Federal Reserve, which Biden has zero control over. The Fed is autonomous and makes its decisions independent of the White House or government. This is a fact openly admitted by former chairman Alan Greenspan. When the fed raises rates, debt becomes more expensive, lending slows down and thus the economy slows down.

One of the only ways that Biden can influence CPI is through artificial deflation of energy prices. The Biden Administration has been dumping US strategic oil reserves on the market for the past year as a means to suppress oil prices, thereby directly and indirectly keeping the CPI numbers down. This is not progress, it’s economic fraud.

The misuse of stats extends to other sectors, such as Biden’s attempt to take credit for the recent reduction in the US deficit. Again, this has nothing to do with Biden; the Fed’s interest rate hikes make it more expensive for the government to take on debt, therefore, debt spending drops.

It’s also not a situation that signals a recovery in the economy – The Fed continues to hike rates supposedly to stall inflation, but higher rates in a debt heavy environment lead to inevitable deflationary upheaval. As I predicted a year ago, the Fed is continuing to increase interest rates until this happens.

Employment Miracle Or Employment Scam?

This issue has been brought up by many analysts but I’ll touch on it again here because Biden is relentless in his falsehoods when it comes to employment data. FACT: 72% of all “new jobs” Biden takes credit for were originally lost during the pandemic lockdowns. The very lockdowns which Democrats avidly enforced and tried to keep in place perpetually. You can’t take credit for “creating” jobs that you are responsible for destroying.

In terms of higher labor demand, the pressure is in low wage service sector jobs and these are the majority of jobs added since Biden took office. And, this rush into retail/service was purchased with $8 trillion+ in covid stimulus cash along with a moratorium on rent and student loan payments. That much extra money in circulation buys at least a few years of consumer spending, propping up jobs numbers.

Throughout history, such gains from inflationary actions and government interventions are always short term, and they always end with a dramatic plunge in employment once the effects subside.

Biden’s Fake Manufacturing Boom

Biden has recently touted a jump in US manufacturing as the latest achievement of Bidenomics, but like every other claim he makes, you have to look at the context. These are not free market manufacturing facilities built according to market demand. Rather, Biden is pumping billions of taxpayer dollars into green tech, once again artificially engineering a “manufacturing boom” through government subsidies for products that have limited demand.

Biden wants to rig the demand, too, by enforcing climate laws which make gas, oil and coal sources too expensive and solar panels and wind turbines cheaper by comparison. For example, Biden is increasing costs for oil and gas exploration on federal lands, while greatly lowering the prices for building solar farms on federal lands. In other words, the government uses your money to create factories for green tech and then creates laws which force people to use that green tech.

In the meantime, Joe’s manufacturing “boom” paid for with tax dollars also comes at the cost of America’s oil, gas and coal industries, not to mention less energy freedom for the general public. It’s socialism, not a revolution in domestic manufacturing.

For Biden, The Key Is To Create As Many Government Cash Injections As Possible Until 2025

You want to know why Democrats are so angry that the Supreme Court blocked Biden’s plan to make taxpayers cover student loan debts? It’s not because they care about naive college kids who paid too much money for garbage degrees – It’s because student debt relief would immediately add trillions more in spending in the short term to the US economy.

An interesting side effect of the college loan moratorium is the surprising credit boost – As soon as college loan payments were put on hold, millions of former students had their credit ratings increase by default. Meaning, they could now hike their credit limits and spend MORE money they don’t have. It’s an incredibly sneaky way to artificially prop up the system WITHOUT using direct stimulus measures that rely on the central bank. This false boost will disappear by October of this year.

Biden’s constant attempts to introduce infrastructure programs are another way the government can create the illusion of recovery by using debt spending as a means to mitigate the signals of greater fiscal decline. Without Fed stimulus it’s the only option Biden has, and as rates rise it becomes costly.

The bottom line is this – The US economy is on a short timetable as long as the Fed continues to raise interest rates into weakness as a means to suppress inflation. As we witnessed in the spring, higher rates are already breaking the back of mid-tier banks across the western world and the Fed’s backstop funds are only enough to stall the debt crisis for a time. I continue to predict that once the Fed Funds Rate is raised to 6% or more, we will once again see a banking calamity similar to the 2008 crash, but this time if the Fed steps in with a bailout hyperinflation will be the immediate result.

Bidenomics is a sham in every respect. Anything that could be considered an economic improvement is due to the Federal Reserve playing the odds with interest rates. A massive 40% increase in the money supply sure helps in obscuring fiscal weakness as well. Luckily, nearly 60% of Americans in recent polls say they aren’t buying the Bidenomics fairytale – They see the dangers around them every day.

The covid event was a catalyst that revealed all the weaknesses of the US system that many of us in alternative economics have been warning about for years. And now it seems as if the establishment is trying to drag things along for just a little while longer. The reason why is up for speculation, but the fact remains that a broken structure cannot be propped up with stop gaps. I’m doubtful that Biden will be able to ride the wave created by covid stimulus until the end of 2024. Something has to give.



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After 14 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it’s critical to act now! That’s why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.


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Brandon Smith

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  • woody188 July 27, 2023 at 2:50 pm

    Awesome as always Brandon. Just wanted to add, the COVID stimulus passed is still entering the market in the form of government contracting. These contracts come with DEI strings attached, so only the “correct” contractors get that money.

    What that means is while everyone else suffers from the interest rate hikes, select government “winners” will prosper feeding on money borrowed from over seas distributed by their friends in government. Crony capitalism at its finest.

  • Roundball Shaman July 27, 2023 at 3:09 pm

    “There are numerous incentives for government officials and mainstream economists to mislead the citizenry…”
    ‘Misleading’ the Citizenry is the central business plan for virtually every Social institution on the face of the Planet. Mislead… Con… Fabricate… Herd… Mesmerize…
    We have been lied to by so many people and from so many directions for so long that it’s a miracle when anything truthful gets to us – and can break through our built-in filters of being gaslighted and propagandized.
    These Social institutions know that their entire existence depends on We the People being herded by distortions and fabrications. If we knew the real truth about things – there are many things that would no longer be tolerated.
    We know that it’s, ‘Truth That Sets You Free’. And that’s why we get so little of it. We are not supposed to be Free in the eyes and devices of the Manipulators/’Misleaders’.
    “Bidenomics is a sham in every respect.”
    See above answer.
    “… a broken structure cannot be propped up with stop gaps.”
    A broken structure can not be sustained forever. And that is the greatest fear held by ‘The Misleaders’. ‘Cause that’s all They ever provide.
    Lies are the engine fuel that sustains Broken Structures. At least as long as it can. And as long as We buy them.

  • Serge July 27, 2023 at 3:30 pm

    “Economic issues are some of the most politically abused issues often because the data politicians exploit is easy to present out of context. The vast majority of the public doesn’t spend their time immersed in the intricacies of monetary policy, unemployment stats and the processes of inflation vs deflation. They hear a soundbite on the news or social media once in a while, assume it must be true and then go on with their day.”
    Fully agree with that.

    As you wrote in this article, “The world suffers a concussion after Trump’s election”(2016):
    “I’ve been saying this for a long time, and I’ll repeat it here – in life, there are only two kinds of people: those who know and those who don’t. Some might argue that there’s a third option: those who don’t want to know. In any case, if you want to be able to predict geopolitical and social trends, you have to be among those who know.”
    In western countries, most people would rather hear reassuring lies than inconvenient truths or face reality head-on. Or, “better”, they don’t care.

    “It is not a matter of what is true that counts, but a matter of what is perceived to be true.”, Henry Kissinger.
    This evil globalist knows very well the topic or “trick”.

  • Serge July 27, 2023 at 3:41 pm

    “Facts are stubborn things, but statistics are pliable.” – Mark Twain

    “There are three kinds of lies: Lies, Damned Lies, and Statistics” — has been attributed to Mark Twain, who himself attributed it to British Prime Minister Benjamin Disraeli, who might never have said it in the first place.

  • Peter Harris July 27, 2023 at 6:23 pm

    “Bidenomics is a sham in every respect.”


  • stuxnet July 27, 2023 at 11:37 pm

    Do you still stand by your passing prediction earlier this summer that the globalists intend to have a second Trump presidency at this point in time? Or could this attempt to drag things out past the finish line be the result of uncertainty in their ranks over their ability to control outcomes and them not having yet settled on a strategy?

    I remember back all the way back in 2016 when you were warning your readers of the possibility of Trump being a pied piper for the Liberty Movement and an intended scapegoat for a systemic crisis. Looking back on things from 2023, it’s hard to argue that that prediction wasn’t prescient, or that their plans wouldn’t have succeeded beyond their wildest imaginings had COVID’s TFR been just a bit closer to what MSM initially hyped.

    All the ingredients for another razor-thin presidential race that leaves a winner seen as illegitimate regardless of outcome seem to be shaping up. Trump is gaining indictments by the day with conservative media blatantly running interference for him to try and smother alternative candidates from breaking into the popular consciousness. A number of his 2024 policy proposals appear to be WEF-inspired initiatives given a right-wing glow-up (“Freedom Cities”, anybody?) and I’m particularly struck by how no major pundits in that sphere seem willing to touch clip videos that have recently gone viral in the past couple days of Trump’s 2020 team giving sworn testimony before Congress that they believed their candidate had lost even as they said otherwise to the public.

    At the same time, Biden is conveniently just starting to have legal scandals that are being covered in mainstream outlets after years of brazen denial and stonewalling. Along with not-so-subtle wishcasting for a replacement for a younger and less openly doddering candidate like Politico’s recent “Welcome to the Newsomverse” article just two weeks ago. While a multiply-indicted politician actually winning the presidency would be historically unprecedented, everything in recent months has just had an eerie feeling of “deja vu” to 2015 again. Right down to the resurgence of right-wing populism in Western Europe and the Federal Reserve taking actions that would be harmful to the chances of a Democratic presidency in 2024.

    • Gauntlet33 July 28, 2023 at 4:43 pm

      Hey Stuxnet, I know you asked Brandon, but I’ll chime in since I see that he hasn’t yet responded by simply saying that it’s my firm belief that Trump is playing his part, will likely get re-elected in the midst of his criminal indictments, and all this will be done to discredit our nation in order to show that we’re a laughing stock of the world, banana republic in order to bring down the system as it stands, crash the dollar, and bring in the new WorldCoin. Literally everything is pointing in that direction.

  • GW July 28, 2023 at 5:38 am

    Interesting article until I got to this point “the Fed’s interest rate hikes make it more expensive for the government to take on debt, therefore, debt spending drops”.

    Are you asserting that higher interest rates on government debt is deterring government spending? I see no evidence at all this is the case.

    • Avatar photo
      Brandon Smith July 28, 2023 at 5:47 am

      US interest on debt payments is now on track to reach record highs soon, and US deficit spending decreased because of this, yes. Higher rates always lead eventually to lower government spending due to higher costs. It’s not a good thing though, because without steady inflationary momentum banks and markets will ultimately implode. They have been riding on stimulus and low rates for so long they can’t survive without such measures. When the last of the covid money dries up, so too will the economy.

  • Frankolio July 28, 2023 at 6:35 pm

    Bidenomics ha ha. Its all just bold faced lies. What used to be called Hoovervilles will soon be called Bidenvilles. You know like Portland Oregon that has become one big drug infested homeless camp. San Francisco and so many others the same. Its way worse than people are hearing. Biden has been a disaster of Biblical proportions.

  • Serge July 29, 2023 at 5:09 am

    Sometimes, I wonder who’s worse at lying about the economy: Democrats or Republicans?
    The Democrats, no doubt about it.
    The Biden Administration? Obama’s 3rd term in facts, policies and lies.
    Of course, “Joe Biden” has no solution to the DEBT problem.
    Dominic FRISBY, in a “funny” and brilliant song(cf “Debt bomb”), described this major issue about U.S economy..
    Still concerning Everything Bubble, here’s a very, very relevant article about it:
    Indeed, the damage caused to the U.S economy – but not only! – is irreversible.

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