Joe Biden has launched a new PAC, stirring speculation that the two-time 74-year old candidate is making preparations for a 2020 run despite his denials.

Biden, who would be 77 on Election Day in 2020, announced the new PAC in an email. He is calling the PAC 'American Possibilities.

'The history of this nation is one of ordinary people doing extraordinary things. And that's who we still are,' Biden wrote in an email to supporters, NBC News reported.

'That's why the negativity, the pettiness, the small-mindedness of our politics drives me crazy. It's not who we are.'

Former Vice President Joe Biden has launched a PAC that his wife says is to help Democrats in the off-year elections

Biden sat out the 2016 while serving as Barack Obama's No. 2, citing the death of his son, Beau Biden, from brain cancer.

He then watched as Hillary Clinton had to beat back a primary challenge from Sen. Bernie Sanders on the left, only to see her lost to President Trump after surprise losses in Michigan, Wisconsin, and Pennsyvania.

The move to establish the PAC stoked speculation Biden could laying groundwork for another run for president in 2020

His wife, Jill Biden, spoke about the PAC on 'CBS This Morning,' saying it was about the midterms

'Joe is not going away and you know that, all of you,' she said. 'He loves politics, he loves what he's doing, and he said he would stay involved. So he set up this PAC because he's going to be involved in the midterm elections.'

Biden ran for president in 1988 and 2008. Biden, left, addresses New Jersey Democratic gubernatorial candidate Phil Murphy at a Murphy campaign event Sunday, May 28, 2017

New Jersey Democratic gubernatorial candidate Phil Murphy, left, listens as former Vice President Joe Biden address a gathering at a Murphy campaign event, Sunday, May 28, 2017, in Lyndhurst, N.J.

Former Vice President Joe Biden takes photographs after addressing a gathering at campaign event for New Jersey Democratic gubernatorial candidate Phil Murphy

'Joe is not going away and you know that, all of you,' said his wife, Dr. Jill Biden

Clinton, who essentially froze him out of the race, continues to talk about her defeat, and has publicly blamed Russia and fired FBI Director James Comey. She also brought up Nixon's impeachment during a Wellesley commencement address Saturday.

Biden also stoked interest in his plans when he spoke at a New Hampshire state party fundraiser in April.

'Guys, I'm not running!' he told the crowd, acknowledging that the move had sent signals.

Meanwhile, Clinton continues to rehash her election loss in public appearances, as she did at a Silicon Valley conference on Wednesday.

They're all against me: Clinton used a question and answer session at Codecon in Rancho Palos Verde, California, to outline a vast conspiracy to keep her out of the White House

'The Russians in my opinion - and based on intelligence and counterintelligence people I have spoken to - could not have known best how to weaponize that information unless they had been guided by a specific group of people. By Americans,' she said.

She claimed 'low information voters' were persuaded by reading fake news on Facebook and said: 'Some people were sucked in. Some people stayed home. Some people voted Trump.'

Clinton alleged there were '1,000 Russian agents' involved in the effort against her to create fake news.