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2023 Recession Official Prediction
🕑 Added 2022-04-08 17:05:24 +0000 UTCAfter two years of record economic recovery fueled by shoving free money at the richest people in the world, this blatant house of cards is finally collapsing, and you and I are stuck holding the bill.
The next recession has been officially predicted by Deutsche Bank to start late next year as a result of the inflation caused by throwing trillions of dollars into the stock market while doing next to nothing to prop up the bottom 99% of the country.
The impending collapse of America’s economy has been a “when, not if” - and every major economist has been pointing to the fact that the real economy, which is not the stock market, has been in a controlled freefall. The Federal Reserve spent the first half of the pandemic printing money and lowering interest rates to keep the stock market from crashing, which frankly, it should have. And now that the market is finally going into a deep recession, It’s going to be a lot worse than what would have happened two years ago.
Not only is our economy so top-heavy and overvalued that a crash could wipe out 80% of the market like it did during the dot-com bubble, but we’re also simultaneously experiencing the worst inflation in decades, meaning that the middle and working class already can’t afford things like groceries, gas, rent, bills, and healthcare. And what’s unique about this downturn is that while prices are skyrocketing, which is typical for inflation, corporate profits are also skyrocketing.
Meaning that the inflated prices you’re paying aren’t the result of inflation - they’re the result of the wealth class using inflation as an excuse to jack up prices way above what the quote unquote “free market” dictates they should be. Some economists are suggesting that we’re experiencing a period of “stagflation”, which is slow economic growth coupled with rapid inflation, which itself cratered the economy in the 1970s. but today we’re combining stagflation with a hypercapitalist disconnect between the health of financial markets and the health of the middle class.
And the Federal Reserve, which is in charge of preventing literally all of this from ever happening, is dramatically failing, and panicking - they’re not even being optimistic about the future anymore which is basically their biggest responsibility, because if the Fed is panicking, everyone is panicking. They’ve gone from recommending just one interest rate increase in 2022, to at least seven, if not more, and with bigger increases. And none of this would be necessary if the people at the top weren’t so absurdly greedy during a pandemic!
To nobody’s surprise, all of this turmoil is setting the stage for yet another extinction level event for Millennials and Gen Z, who have so far experienced more economic setbacks and slower financial mobility than any other generational cohort in U.S history. The wealthiest people in the country have not only siphoned their children’s and grandchildren’s economic futures, but also made it impossible for them to realistically afford to buy a home or start a family, or even afford basic necessities like healthcare and groceries - and that’s all already in place BEFORE this coming recession makes it even worse.
What we’re experiencing is a systemic financial nightmare that causes cataclysmic life-altering failure every ten years, which is treated as a golden opportunity by the wealthiest people in the world to double and triple their obscene fortunes, while the rest of the country struggles to make ends meet by working two to three jobs to barely survive, and the people who are exploiting their labor make trillions of dollars without lifting a finger.
Do you need any more proof that America’s economy is irreversibly broken, or should I keep going?
