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[[File:Gdpnow-forecast-evolution.gif|right|300px|thumb|]]
[[File:Gdpnow-forecast-evolution.gif|right|500px|thumb|GDPNow from the Atlanta Federal Reserve Bank.]]
The '''Biden recession''' began in the first quarter of 2022, and was largely related to sanctions against the importation of [[crude oil]] from [[Russia]] to make [[gasoline]] which powers both private and commercial vehicles. Earlier, on the day the [[Biden regime]] seized the [[Oval Office]], [[Joe Biden]] signed an [[Executive Order]] closing the [[Keystone XL]] pipeline and banning fracking, thus terminating America's energy independence and making the [[United States]] dependent upon the importation of Russian crude oil. [[Inflation]], or excess printing of U.S. [[currency]] making the [[dollar]] worth less and less and lowering living standards, soared as result of both actions.
The '''Biden recession''' began in the first quarter of 2022, and was largely related to sanctions against the importation of [[crude oil]] from [[Russia]] to make [[gasoline]] which powers both private and commercial vehicles. Earlier, on the day the [[Biden regime]] seized the [[Oval Office]], [[Joe Biden]] signed an [[Executive Order]] closing the [[Keystone XL]] pipeline and banning fracking, thus terminating America's energy independence and making the [[United States]] dependent upon the importation of Russian crude oil. [[Inflation]], or excess printing of U.S. [[currency]] making the [[dollar]] worth less and less and lowering living standards, soared as result of both actions.