So interesting this video @taskmaster4450le thanks for that. Exactly what I thought is happening.
The real estate, the car industry and what people can buy. I think we are already in a recession for about 2 months.
The housing market will crash further. The car market for sure.
People just can’t spend their normal household spending anymore. Everything is so much more expensive. So they buy groceries with credit cards.
It is so wrong in many ways, but for many the only way to “survive”. Not sure the government will and can bail them out.
This is everywhere around the world happening, not just in the US.
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Yeah. give it another 6-9 months and people will not be talking about "inflation" like they are today. Instead it will be rising unemployment and how people are losing hours at work.
The switch from inflation to disinflation to deflation can happen very quickly.
People need to be aware that deflation is not a good thing either.
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Yes, those will be the headlines to come for sure.
People hadn’t recovered from job loss due to the virus, still many unemployed. More to come now. It will be a mess.
Some don’t realise it can switch that quickly.
Looks like the society needs a reset on many levels.
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Deflation is no good in a debt-based economy such as ours is. When the economy is based on sound money, then deflation is what we want since it's also an indicator of productivity.
With total global debt levels at unsustainable levels-- and no way to pay off that debt ever-- it looks as if we are witnessing a controlled demolition of the global economy. It could have been triggered by the crisis in the repo market going back to October 2019, and we know what's happened since then.
It's in hindsight where things begin to make sense for us, but by then it's usually too late for us. Without getting into any theories about who's trying to control what, it's safe to say that a number of agendas are being implemented simultaneously under cover of economic turmoil. "Public health" has been recruited to be used as one such tool as never before. All that's left is war, and that is right on our doorsteps.
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