A Global Recession is Looming

Do Not Believe the Media’s Narrative

There is rarely a day that goes by where I don’t hear someone on the financial news network saying that the US Economy is strong, and we are not in a Recession, and that everyone should have a whisky and wine party …as they fall back into their fake sense of security. Well, my friends, you can drink your whisky and wine believing all is well, but the enormous wheels of Recession have already been spinning for a while. Regardless of which Recession reporting Bureau that you are looking at (BEA or NBER), you are still not being told the entire truth about our Covid-19 generated Recession. In fact, if anyone is really studying this matter carefully, in 2020 the Recession began but had a couple-few hick-ups. For example, we indeed had a Recession well underway about 6 months into the Pandemic, however because of many regional cases of lock-down / re-open in major cities…all the GDP, Employment, and Supply/Demand data (numbers) became convoluted and confusing.

Additionally, always remember that 2 quarters of negative GDP (which we recently experienced) is not the “graved in stone” method or meaning of a true Recession. There are many variables that determine a real, true and authentic Recession and one of the biggest ones is a major collapse in “Demand.” That means demand for everything that makes this country tick, not just demand for gasoline or high-priced seafood. Many so-called “Economists” are saying this great downgrade in demand just has not happened, and therefore we have never truly entered a…