Bush said this same stuff during the beginning of the 2008 sub-prime mortgage lending crisis.
I'm not defending anyone but this is just a standard response. The goal is to prevent a "run on the bank" style sell-off of the various market assets. Once the recession enters full swing people won't deny it anymore. They'll fully embrace the recession and try to convince you that this is the dip to buy on. Which if you had bought the dip in the 2008 event, you'd be sitting pretty right now.
They literally redefined what a recession is to avoid calling it one. This is unprecedented.
I agree it is alarming. I don't want to sound like I'm defending anyone because the situation we're encountering here is very different from the 2008 sub-prime mortgage crisis. That economic downturn was predominately causedby unsellable collateralized debt obligations, where mortgages were sliced up into parts and recombined with other parts of mortgages, so defaulted payments resulted in properties that couldn't be acted on because nobody could even determine who the actual owner was. In a nutshell, that was one of the main sticking points. The dominos fell and caused a huge catastrophe because of the many defaulted debts on the CDO's which made them "toxic assets."
This looming economic crisis has the potential to be far more catastrophic, in my opinion. That's why you see them doing unprecedented things like you mentioned. They are desparate to stave off the coming calamity.
The covid induced supply chain disruption and the inflation caused by all the attempted stimulus alone are causing problems and now there is an energy crisis in the mix. We're not just talking about defaults on mortgages that can't be re-sold, we're taking about the inability to bring necessary commodities and eventually food to the market.
Again, I'm not defending anyone. I also don't want to make it sound like I'm not worried about what's about to happen. I fully understand the gravity of the situation. All that I am saying is that I can understand why the leaders would want to play down the severity of the coming economic storm. Also, if you survive it, which most of us will, there will be opportunities of financial gain on the other side. Sounds shitty to say it like that, and it is, but we're playing the jew's game. We can't just lay down and die because we refuse to use the same tactics. I mean, you can do that, but I'm not going to.
Usa is not in a recession.
Usa is in a total economic collapse.
Ffs people you lost the petro dollar! You lost your military hegemony.
Usa is like UK under Victoria transitioning to UK under Elizabeth.
But much much more rapidly.
And with the serious issue that your people has been poisoned and your lands colonized by numerous foreign hostiles
Are you prepared?
World Reserve Currency is like the one ring of power. It's designed to destroy whatever country wields it.
We can therefore say, whatever nation or organization is ultimately in common between all nations that had help gaining world reserve status--is most likely the group that controls the world today.
Any time a nation threatens to become too powerful or wealthy to control, it is given exactly enough rope to hang itself: world reserve currency status or equivalent.
Based. Petro dollar loss is a huge one that nobody seems to be talking about.
I believe 20-30% of us gdp was lost almost overnight once the dust settles and accoutants tally
If you believe there is a recession then you are a Russian Agent.
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