• Paragone@lemmy.world
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    5 days ago

    What is coming is the 2nd Depression, not a mere recession.

    I don’t know when it is hitting, with Trump being fueled by destructive-chaos itself, but the economic-bubble we’ve been living-in HAS to pop, & when it does, it’ll take 3y to bottom-out, & when that happens, Trump is going to use that economic-hardship to finish eradicating the Constitution from the US of A’s real law.

    the plummet begins sometime this-year, I’ve been expecting it for months & months…

    but which Trum possessing the US it simply can’t be delayed much longer…

    so the 3y bottom-out of the global economy happens in 2028, when Trump needs it to happen, for his finishing his highjacking of the US.

    https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/

    seems to give the right gist of it…

    Essentially, IF you have an economy in-which there are 1M people & 1B dollars, & 1-day’s food costs $2,

    BUT you then double the amount of money in the economy,

    THEN suddenly 1-day’s food costs the same fraction of the total-amount-of-money-in-the-economy, but the number-of-dollars changes, because the relative-value of each dollar has been diluted,

    so what had cost $2 / day for food, NOW it costs $4 / day for food.

    Inflation.

    I’ve read that the total quantitative-easing done during the Biden years amounts to multiplying the amount of US-dollars by 10x.

    Which means that each $ should now be worth only 1/10th of what it did at the beginning.

    but it has been “held back” by many many many players…

    Market-correction has to happen, sooner or later.

    All the bogosity in our economy cannot self-sustain perpetually.

    Unfortunately, the longer that actuality is fought-off, the greater the hardship when it bites.

    So, … probably famines, for many populations, in poorer areas…

    Humankind’s choice, obviously…

    As was pointed-out in the original Depression:

    you can’t start any business because there’s no credit available.

    You can’t get credit existing, because there’s no businesses being started.

    Catch-22.

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