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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI Only Had Econ 101, But I See Doom & Gloom
Throw your economics books away, I see Krasnov crashing our economy, most likely on orders from Putin.
The rules for the Fed raising and lowering interest rates are not going to work.
Krasnov beat Powell to a pulp until he gave in, Jerome will continue to lower rates but it will have little effect on the economy. Musk and his Doge cyber-punks have demolished our institutions, gutting them and firing employees. AI is doing the same thing, firing millions of people.
Millions of people lost their jobs, millions more will lose their healthcare, fuck the talk about inflation, fuck the talk about stagflation, people better start talking about deflation. The 1% will never keep up with the demand side of economics, they don't shop at Walmart or Wendy's.
Krasnov has one economic goal, to crash the dollar and that is why he has hounded Powell to lower interest rates, when Powell leaves Krasnov's crony replacement will send rates to zero.
Think the dollar will always be the world's currency, think again.
Oh and there is a move already started to have cyber-currency backed by the dollar, what can go wrong there?
The BRIC countries are working on a basket currency to replace the dollar, it's coming and Krasnov will blame Bidenomics and the MSM will back him up. Happy Holidays.
Klarkashton
(4,643 posts)Really scarce and prices are up. We are headed for a real mess.
Irish_Dem
(79,266 posts)This is where all the data is pointing.
Turbineguy
(39,790 posts)Initech
(107,219 posts)Was the staggering number of people who put the things they bought on monthly payment plans or even put things on layaway. That's definitely not a good sign of a healthy economy. That's a sign something horrible is coming.
And the thing is the morons can't have crypto backed by the dollar, because republican assholes got rid of the gold standard 20 years ago. Because they're criminally insane.
genxlib
(6,075 posts)But it ended almost 55 years ago.
Initech
(107,219 posts)When the republicans started taking away everything that actually made America great.
gab13by13
(31,026 posts)the gutting of Medicare, Medicaid, SNAP, the VA,
Wait until Magats vote in their new healthcare plan, give everyone 2,000 dollars to pay for 10,000 premiums and deuctibles.
The KFF estimated that 50,000 people will die per year with Obamacare gutted. Biden's fault?
ananda
(34,285 posts)three minus two does not equal five.
SamuelTheThird
(543 posts)The cost of Trumps bank deregulation could be catastrophic
https://www.ms.now/opinion/trump-federal-reserve-banks-economic-crash
Crypto banks are coming
https://www.axios.com/2025/12/12/banks-crypto-occ-charters