Most of the countries all over the world are experiencing this phase of economic recession termed “Global Economic Recession” by financial analysts. Economic recession is the new hit song topping the charts the world over. Most companies have already been relegated to the league of financial bankruptcy. Many companies as well as countries have become bankrupt or are on the verge of it. Millions of people have lost their jobs, families have lost their homes, and most importantly bread winners have turned to bread losers. Many people have lost millions and billions of dollars. People in general are scared and fearsome. This is not the first time that the global economy is going through recession and this is also not going to be the last time. The United States of America, the fulcrum of the world’s economy had experienced several depressions before the stock market crash on October 27, 1929, none had been as severe or as long lasting before “Black Thursday” struck Wall Street. There is a pattern involved in it. On an average it is happening after every 8-10 years. This article has been written to highlight some of the issues involved and some of the possible solutions one can adopt to survive this hard time.
The leading media keep quiet about it, or only express it here and there in some comments by vigilant editors, that the economic situation in the U.S. is not at all as brilliant as the stock market indications (still) suggest. The yield on U.S. bonds is always climbing upward, and U.S. citizens are massively pulling their money out of the banks to invest in the government’s debt instruments. The scale of this process has reached unprecedented levels, threatening U.S. regional banks in particular with insolvency.
Change in deposits at U.S. commercial banks since 1973. source: Apollo
At the same time, discontent is rising in American society, and not just because of what is arguably the most unpopular president in many decades, Joe Biden. How to explain the paradox that during Biden’s administration, 12 million new jobs have been created, unemployment is at 3.5%, and yet in 2023 a wave of strikes not seen in 20 years is sweeping the country? Something must be ticking not quite right in the economy and in society.
The number of lost workdays this year is already in the millions.
We think that the global recession has already started; it is not yet becoming the central topic in the media. They are always talking about a possible “soft landing” of the economy after the current energy and inflation crisis since the recovery after the pandemic and the first wave of inflation. If you take a close look at such accumulating statements from the bright minds of television and compare them with other periods in history when economists have reassured us en masse, you can safely conclude against the tide: Recession is inevitable.
The graph above shows that every time Wall Street Journal articles piled up about a “soft landing,” a crisis or recession came right after.
In other article (October issue), we analyze, among other things, the state of the two of the world’s largest economies – that of the U.S. and that of China – and show other signals that may point to a world recession.
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The time is coming when we will have civil unrest in our country. More and more people see the handwriting on the wall with our unmanageable national debt and entitlement society and want to be prepared for anything that may come.
With a whopping 1.03 million home invasions occurring every year in just the U.S. alone, there’s no reason you shouldn’t have a plan of action ready to utilize in case you become one of these unfortunate victims.
So pay chose attention because this video will change your life forever for the good!
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