A global recession is coming, economists warn
A global recession is coming, economists warn
By design.
And the 1% are going to ride it out in their purpose-built private enclaves, then buy the world at disaster auction prices and make themslves into feudal lords.
Italian plumbers might disagree
No Italian plumber will save America from itself unless the American people collectively decide to become Italian plumbers.
Private enclaves? Looks like building shaped pinatas full of everything my community needs to survive all stuck behind the decisions of one person.
Be lucky if we get out of this with only a recession. The slogan might as well have been Make America Great Depression Again.
The world will be lucky if America escapes a fascist dictatorship via civil war. If not, it means the fascists have won and the rest of the century is gonna be so much darker than the 3-4c that's already inevitable.
Gee thanks AMERICA
Recession if we're lucky. Otherwise depression, with an American administration incompetent to handle it.
only america, the rest of us will be saved by cheap stuff from Vietnam, Cambodia and china
Under MAGAt rule America is nothing but a giant Turd.
It's already started.
What is coming is the 2nd Depression, not a mere recession.
I don't know when it is hitting, with Trump being fueled by destructive-chaos itself, but the economic-bubble we've been living-in HAS to pop, & when it does, it'll take 3y to bottom-out, & when that happens, Trump is going to use that economic-hardship to finish eradicating the Constitution from the US of A's real law.
the plummet begins sometime this-year, I've been expecting it for months & months..
but which Trum possessing the US it simply can't be delayed much longer..
so the 3y bottom-out of the global economy happens in 2028, when Trump needs it to happen, for his finishing his highjacking of the US.
seems to give the right gist of it..
Essentially, IF you have an economy in-which there are 1M people & 1B dollars, & 1-day's food costs $2,
BUT you then double the amount of money in the economy,
THEN suddenly 1-day's food costs the same fraction of the total-amount-of-money-in-the-economy, but the number-of-dollars changes, because the relative-value of each dollar has been diluted,
so what had cost $2 / day for food, NOW it costs $4 / day for food.
Inflation.
I've read that the total quantitative-easing done during the Biden years amounts to multiplying the amount of US-dollars by 10x.
Which means that each $ should now be worth only 1/10th of what it did at the beginning.
but it has been "held back" by many many many players..
Market-correction has to happen, sooner or later.
All the bogosity in our economy cannot self-sustain perpetually.
Unfortunately, the longer that actuality is fought-off, the greater the hardship when it bites.
So, .. probably famines, for many populations, in poorer areas..
Humankind's choice, obviously..
As was pointed-out in the original Depression:
you can't start any business because there's no credit available.
You can't get credit existing, because there's no businesses being started.
Catch-22.
_ /\ _
Been waiting for it since Covid.
The year of recession