The Hard Truth About the Economy: Recession and Inflation Ahead

📉The economy is currently in a recession, with standard of living declining for most Americans.

💰The government's quantitative easing policy is a form of inflation by printing money to buy government bonds.

🛠️The economy is being propped up by debt and inflation, leading to a future period of economic crisis.

📈Higher inflation is expected in the future, with CPI likely to reach double digits.

👥The public's growing dissatisfaction with the economy is reflected in the low popularity of politicians and sitting presidents.

Are we currently in a depression?

—While the economy is currently in a recession, the signs indicate that we are on the path towards a longer and more severe depression.

What is quantitative easing?

—Quantitative easing is a policy where the government prints money to buy government bonds, leading to inflation and a larger long-term economic problem.

Will inflation lead to hyperinflation?

—Although hyperinflation is a worst-case scenario, the likelihood of higher inflation is increasing. The consumer price index (CPI) is expected to reach double digits.

Is falling prices good for the economy?

—Falling prices benefit consumers as their cost of living becomes lower. It also provides relief for businesses as long as their costs are falling in line with their prices.

Why is the government creating inflation?

—The government creates inflation to stimulate the economy and prevent falling prices. However, the long-term consequences can be detrimental to the economy and individual living standards.

01:10The economy is currently in a recession, with declining living standards for most Americans.

02:50Quantitative easing is a policy where the government prints money to buy government bonds, leading to inflation.

06:30The current economic situation could be the beginning of a prolonged depression.

08:20Higher inflation is expected in the future, with the consumer price index likely to reach double digits.

11:20The public's growing dissatisfaction with the economy is reflected in the low popularity of politicians and sitting presidents.