For months the mainstream media and Washington Pols have been pushing the metaphor that the US economy is a plane on its final approach to a ‘soft landing’. Soft landing is defined as inflation steadily coming down to the Federal Reserve’s goal of a 2% price level AND does so without provoking a recession.
Continue reading Inflation Rising: The ‘Soft Landing’ Plane is Still Circling in AmericaTag Archives: us economic collapse
US on the Verge of Cutting Off Ukraine, Government Shutdown Imminent!
President Joe Biden has requested Congress to approve billions in additional funding for Ukraine. However, an increasing number of Republican leaders in the House are hesitant to support more aid for the government in Kiev. This budget standoff is pushing the US government closer to a potential shutdown.
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Is the debt ceiling the real issue for the US economy right now?
The drama around increasing the borrowing limit obscures the growing threat of a crash in the Treasuries market.
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When this Happens, it's Over
The collapse of the petrodollar has been predicted and delayed as much as possible. The resurrection of the gold standard, on the other hand, is coupled with the rise of a basket of sovereign currencies that are backed up, not by wars of coercion, but by tangible sovereign assets. Continue reading When this Happens, it's Over