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By Gregory Mannarino, TradersChoice.net
Let’s start off with this…
“IF the US would go into a recession, that would be a step UP from where we are now.” — GM
Today the global economy is “functioning”, or should I say being driven, into a deliberate crisis-to-crisis mechanism which assures only one thing— CENTRAL BANKS WILL CONTINUE TO INFLATE.
Not only are central banks determined to inflate, but they will also keep the crisis-to-crisis machine propelling the world and its citizenry much deeper into debt slavery.
Look around, there is a phenomenon unfolding that VERY few people are really paying any attention to, and that is this… an entirely new demographic is quickly emerging. Wealth is being transferred, FASTER, right up to the 1 and 2 percenters.
This new demographic has already pushed most Americans well below a “middle-class” lifestyle. Moreover, former members of the middle class are burning through their savings rapidly, while at the same time they are continuing to borrow at a feverish pace. All of this is made monumentally worse by skyrocketing inflation with no end in sight.
The world is now living under the specter of not only rapidly rising inflation, but also the threat of shortages of food and energy—which will further exacerbate inflationary pressures.
The expanding Russia/Ukraine war has sparked nations around the world to VASTLY increase their military budgets, and hundreds of billions of dollars—soon to be in the trillions, in cash and weaponry—is being thrown at Ukraine in what has now become a proxy war with the United States.
Funding/supporting the war is also massively inflationary—even without sanctions OR supply chain disruptions. Moreover, the people of the world should count on this war “crisis,” and every other “crisis,” to be prolonged for as long as possible to allow for more cash to be magically created to fund it.
As I said at the opening of this article, a recession would be a step up from where we are now, and I believe that people are being “conditioned” for something much worse.
Understanding that there is no relief in sight from increasing inflationary pressures, and what will certainly amount to more and more crises, which will include food and energy shortages, people need to start to seriously ponder how these events are going to impact them moving forward.