Are the chickens finally coming home to roost?
Troubles are coming to the world economy — not as single spies, but as battalions. They are doing so on multiple fronts, in the United States, China and Europe. Coupled with renewed geopolitical strains in the Middle East, those troubles heighten the chances of a full-blown world economic and financial market crisis by the middle of next year. - The Hill
This pending catastrophe would have happened back in 2020 if it weren’t for Covid. If you recall, at the end of 2019, the economy was already starting to experience trouble and the Fed had to play the money printing game and lower rates to save the day.
Then Covid struck and governments printed trillions and inflation came.
Now, interest rates are going up, to where they’ve always been historically. This has ended the free money era and now it’s considered a problem. Now it’s a catastrophe as asset prices may comeback down to earth where the majority of people can afford them.
However, this is doom for the wealthy elite. They haven’t cared as the poor and middle class deal with record inflation, it’s only a problem when it affects them.
The world is looking rocky.
When the mainstream starts talking financial doom, watch out. It could happen, or it could be scare tactics to lower rates and let the money printing begin once again.
However, I don’t think so, not this time.
We’re going somewhere else…