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Brace Yourself For Extreme Economic Turbulence
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Original Message
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Why is the U.S. economy suddenly deteriorating so rapidly all around us?
Well, the short answer is that this downturn is way overdue. For years, our leaders tried to cheat the laws of economics. The Federal Reserve pushed interest rates all the way to the floor, which is something that never would happen in a true free market economy, and they pumped trillions of fresh dollars that they literally created out of thin air into the financial system. Meanwhile, our politicians in Washington were engaging in the greatest debt binge that the world has ever seen.
At this point, most Americans understand that something has seriously gone wrong, and this is pushing consumer confidence lower.
Even more troubling is the fact that Americans seem to be bracing themselves for more economic turbulence as 2023 rolls along.
As I keep telling my readers, a new housing crash has begun.
In fact, U.S. home prices have now declined for sixth months in a row…
Higher rates are also really hurting the auto industry, and Zero Hedge is reporting that one of the most prominent subprime auto lenders in the entire country has just collapsed…
Yes, the dominoes are certainly starting to tumble.
But at least things in the U.S. are still better than they are over in Europe.
Right now, consumers in the UK are literally fighting over cucumbers as the nationwide rationing of fruits and vegetables starts to become extremely painful…
And food prices in the UK continue to spiral completely out of control…
Unfortunately, what we are facing is a global crisis.
Economic conditions all over the planet will deteriorate in the months ahead, and so I would encourage you to brace yourself for a tremendous amount of economic turbulence.
Because it is coming, and at this point there is nothing that our leaders can do to stop it.
For such a long time, central banks and politicians all over the world tried to cheat the system.
But in the process they made our long-term problems even worse.
Now a moment of reckoning is here, and every man, woman and child on the entire planet will feel the pain.
[link to www.zerohedge.com (secure)]
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