Major Economic Contraction Coming In 2023... Followed By Even More Inflation

Alt-Markets.US ^ | 12/08/2022 | Brandon Smith

[TheBattman]

Considering the Left’s failed (but by their standards, successful) economic policies are apparently the road map for 2023. And considering the GOP has a record of both spineless stupidity, and an inability to actually win the Senate - there is nothing I anticipate being done to prevent the sinking of the Titanic.

[tired&retired]

Excellent article

[spokeshave]

T least the Titanic went down with the lights on

California and other blue states...not so much.

[Varsity Flight]

Nope. Money is pouring into the so called “market” and will continue to do so in state and government retirement investment funds
Extractions will take place with the 87ks.

[Owen]

The article is useless.

1) There is no “that’s how the economy works”. When the virus was killing people by the thousands per day, Congress AND the Fed poured stimulus in. Trillions. They had no choice. So ignore all talk of “that’s how the economy works”. There is no “works”. There is stimulus to do things. Not capitalism.

2) There is no law of the universe that says Japan’s present suffering with a Covid peak can’t spread to the rest of the world as variants overwhelm fading immunity. All this past tense stuff is stupid. This guy wants to write an article of doom, then accept the most likely source of doom.

3) There is no history. Trillions were created and handed out. Now the Fed is trying to extract those trillions. It will take years to do that at the present rate. Mostly, nothing else matters. Well, actually one other thing matters. Every year that passes consumes oil out of the ground and that supply is not infinite. If you’re going to do doom, then do it right.

[SaveFerris]

(Major Economic Contraction Coming In 2023... Followed By Even More Inflation)

BidenDepression II 2023

[laplata]

Tonight, I purchased a dozen eggs for $4.64 and it really hit me that we are in very deep trouble. The cost of a dozen eggs slapped me into reality.

2023 is going to be ugly.

[combat_boots]

China

https://www.naturalnews.com/2022-12-08-china-buying-up-the-worlds-gold-supply-in-preparation-for-new-world-reserve-currency.html

[laplata]

“BidenDepression II 2023”

Tonight, I purchased a dozen eggs for $4.64 and it really hit me that we are in very deep trouble. The cost of a dozen eggs slapped me into reality.

2023 is going to be ugly.

[SaveFerris]

I was buying 18 eggs 🥚🥚🥚 at Walmart for $1.36 just 5 or 6 years.

[laplata]

“China buying up the world’s GOLD supply in preparation for new world reserve currency designed to END the DOLLAR”

Thanks for that. God help us.

All the major countries are slowly dumping the Dollar and distancing themselves from the US.

When the Dollar is no longer the World Reserve Currency, the US will no longer be able to print money and it’s going to be Mad Max time.

[laplata]

That’s right.

[SaveFerris]

Oops

just 5 or 6 years ago

[combat_boots]

Yes

https://geneticliteracyproject.org/2022/11/29/video-tobacco-plant-genetically-modified-to-produce-cocaine/

I think Musk found China underneath everything. Routing numbers, porn, Trafficking, payoffs

[Chad C. Mulligan]

Addicts don’t reform until they’ve hit absolute rock bottom. I think the 50% of Americans who vote Democrat/RINO are going to have to be starving and freezing in the dark before things change. Food riots, here we come. Plan accordingly.

[Adder]

and he will have to replenish those reserves at a much higher cost.

I don’t think they have any intention of replacing that oil at all. Just another leg of the stool removed.

I also seem to recall that 2008 was caused by masses of bad debts in housing, mainly. Didn’t see that mentioned.

[Adder]

Oops...forget the housing part...my bad...

[oblomov]

I guessed correctly. From that webpage:

“After 14 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it’s critical to act now! That’s why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.”

[Sir_Humphrey]

More gloom and doom nonsense. People on the left and some on the right make their living scaring people. Over the summer we were being told that oil would be $200 per barrel, average gas would be $6 a gallon and there would be wide spread food shortages. None of this has happened nor is it likely to happen.

There are other issues the economy is facing and yes these have the potential to be quite serious. For one, in less than 5 years the interest alone payments on the national debt will exceed $1 trillion. But 2023 will not be the year it all goes in the crapper.