The current economic conditions are indeed suggesting that a global deep recession is coming, especially in the US and Europe. Ironically, China seems to have the only economy that will not be dragged down. Many will argue that China is a paper tiger and has zero future, but with a CPI inflation score of 2.2%, it is difficult to conclude that they will be severely impacted. Then again, who knows. These people cook the books well-done. Even the GDP for individual regions of China is complete bullshit. So, who knows? Besides, most normies can see the writing on the wall and any person with an ounce of knowledge about western universities knows they are teaching Keynesian garbage still, and their titles and lectures mean absolutely nothing.
For us here in the USA, we will plunge deep into a recession, if not a total collapse and that’s a best case scenario. It is just inevitable now. The US’ economy is fine if the invasion of Ukraine does not happen and if she cooperates with China over the economic issues, initially. Juxtaposed.
There’s a solution.
This may come as a surprise to some, but we all must prepare for a tax increase or significant reduction in government spending. They’ll give away all our monies to Israel and Israel 2.0 (Ukraine), but we won’t see much of anything coming our way. There’ll be talk about stimulus packages and “governmental eases”, but it’ll only worsen inflation. Once you see them not cutting military spending, then you know we’re in the shitter with absolutely no life support—no more gibs. You cannot maintain this type of fiscal policy. So, prepare for total and absolute social chaos. It will be much uglier than the Reagan recession. It will be worse than 2008. You better hope a collapse isn’t coming, because shit will get really fucking ugly, very fucking fast.
There’s a solution.
Europe is totally fucked. We will definitely see a new round of the Euro debt crisis. PIIGS are totally fucked. Europe has an enormously high debt and no dollar hegemony, so they will surely go broke. Even France will go belly up, too. The Euro is a sure failure. The inflation in Germany will destroy all other poor EU countries, sadly. We may bare witness to the collapse of the entire Euro zone in the next several years. Currently, it is just impossible for them to avoid this crisis.
There’s a solution.
Canada? The prices for gas and groceries have risen quite a lot and housing prices have started to fall. It is very difficult to guage if they are in a better situation than the United States. I doubt it.
There’s a solution.
We’ve been in a crisis of profitability for a while now, which is now in a terminal state and the only button the )ews… *cough cough*… sorry… the Fed knows—pumping liquidity into and out of the market—isn’t working.
I hope you have a garden, gold and lots of bullets. There’s going to be hyperinflation and Soviet level starvation.
There’s a solution.
I Told You So 