The Greatest depression is coming, are you ready?
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Inflation is typically followed by recession. It's all political. And the gamers behind that are always rich politicians and private sector players who buy those politicians.
They play the majority, the non-rich, like yoyo's. It's a game. Their game. And it only makes them richer at our expense.
https://davidmcwilliams.ie/ultimately-uncontrolled-inflation-will-be-followed-by-a-recession/
They play the majority, the non-rich, like yoyo's. It's a game. Their game. And it only makes them richer at our expense.
https://davidmcwilliams.ie/ultimately-uncontrolled-inflation-will-be-followed-by-a-recession/
Breaking bad: How BlackRock lost $1.7 trillion dollars in six months
https://www.smh.com.au/business/ban...on-dollars-in-six-months-20220720-p5b378.html
China has a run on the banks and is protecting them with tanks.
Sri Lanka has declared bankruptcy and these other countries are close behind
Afghanistan
Pakistan
Laos
Myanmar
Turkey
Lebanon
Zimbabwe
Egypt
Argentina
Russia, Iran and Saudi Arabia set up their own currency system
And the World Economic Forum declares a new world order with digital currency.
Exciting times we live in.
https://www.smh.com.au/business/ban...on-dollars-in-six-months-20220720-p5b378.html
China has a run on the banks and is protecting them with tanks.
Sri Lanka has declared bankruptcy and these other countries are close behind
Afghanistan
Pakistan
Laos
Myanmar
Turkey
Lebanon
Zimbabwe
Egypt
Argentina
Russia, Iran and Saudi Arabia set up their own currency system
And the World Economic Forum declares a new world order with digital currency.
Exciting times we live in.
Here is a suggested definition
Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’
https://www.theepochtimes.com/what-...utm_source=partner&utm_campaign=BonginoReport
Most economists generally look for two consecutive quarters of decline in gross domestic product (GDP) to determine whether an economy has entered a recession.
I would suggest we change that definition to this:
Two consecutive quarters of decline in gross domestic product (GDP) during a Republican administration.
Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’
https://www.theepochtimes.com/what-...utm_source=partner&utm_campaign=BonginoReport
Most economists generally look for two consecutive quarters of decline in gross domestic product (GDP) to determine whether an economy has entered a recession.
I would suggest we change that definition to this:
Two consecutive quarters of decline in gross domestic product (GDP) during a Republican administration.
Uh oh, the Nasdaq and the S&P 500 are forming a flag formation in the stock chart. This indicates we have some serious turbulence coming. (if you are familiar with sailing I liken this formation to "jibe ho" as opposed to "coming about".
In other words we are about to see a spike up or down. This formation can go either way.
Another way to look at is that the boat (economy) is moving with the wind behind it and as it turns the sail (stock price) is going to violently move from one side of the ship to the other.
In other words we are about to see a spike up or down. This formation can go either way.
Another way to look at is that the boat (economy) is moving with the wind behind it and as it turns the sail (stock price) is going to violently move from one side of the ship to the other.
Good news!
Joe Biden says our economy is on the right path!
(However for reference he said we weren't in a recession a day ago, he said if you get the vaccine you won't get Covid, he said the exit from Afghanistan was a success, he said he would crush this Covid virus if he were elected, he said he never talked to Hunter about his business dealings, he said the laptop was Russian disinformation, he says he was offered a job by a lumber company, he says he used to drive an 18 wheeler, he said Georgia's new voting laws will make it so working people can't vote, he said build back better will add 0 to the national debt, he said he was a civil rights activist in the 60s, he said no one earning less than 400k would pay more taxes under his plan, the real number is 50k for a family, he said he didn't think vaccines should be mandatory, he said he would get all Americans out of Afghanistan, etc., etc,)
Joe Biden says our economy is on the right path!
(However for reference he said we weren't in a recession a day ago, he said if you get the vaccine you won't get Covid, he said the exit from Afghanistan was a success, he said he would crush this Covid virus if he were elected, he said he never talked to Hunter about his business dealings, he said the laptop was Russian disinformation, he says he was offered a job by a lumber company, he says he used to drive an 18 wheeler, he said Georgia's new voting laws will make it so working people can't vote, he said build back better will add 0 to the national debt, he said he was a civil rights activist in the 60s, he said no one earning less than 400k would pay more taxes under his plan, the real number is 50k for a family, he said he didn't think vaccines should be mandatory, he said he would get all Americans out of Afghanistan, etc., etc,)
False! This is standard Donor side economic theory.
People are falsely accusing Biden of doing nothing about the inflation. This is false they just passed $800 billion in new spending. "But", you scream, "that will make inflation worse, you are pouring gasoline on the fire!" Biden has already thought of that, he knows that spending another 800 billion will make inflation worse, that is why he is raising taxes so that the people don't go and spend $800 billion.
Confused? You obviously don't understand donor side economic theory. When the house is burning down you give what you can to your donors so that when you have to flee the Whitehouse they might take pity on you.
People are falsely accusing Biden of doing nothing about the inflation. This is false they just passed $800 billion in new spending. "But", you scream, "that will make inflation worse, you are pouring gasoline on the fire!" Biden has already thought of that, he knows that spending another 800 billion will make inflation worse, that is why he is raising taxes so that the people don't go and spend $800 billion.
Confused? You obviously don't understand donor side economic theory. When the house is burning down you give what you can to your donors so that when you have to flee the Whitehouse they might take pity on you.