I Only Had Econ 101, But I See Doom & Gloom [View all]
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.