The Greatest Depression Begins
Goldman Sachs predicts a 34% contraction of economy in Q2 alone, after revising their estimate up ftom 24% – and they are the optimistic ones! This is bigger than the Great Depression, by the look of it. Thanks to fascist lockdown. It’s economic warfare: the elite vs the 99%. As both Adam Smith and George Carlin said, “They want it all.”
JTR,
April 5, 2020
Post-Script:
Smart moves: slash spending; save every penny; plant a garden; buy (physical) gold and silver, Bitcoins, solar panels and heritage organic seeds; build resilience in all levels and ways; build community; nourish body, spirit and mind; help one another: and get ready for revolution. This last round of looting and “creative destruction” by the disaster capitalists, the kleptocratic oligarchs, the corporate elite, will not be tolerated long.
See:
My essay, Global Geopolitics 2020
Trends Journal – always, and especially now
And the Kieser Report:
https://open.spotify.com/episode/6DrdEIxkEGp9J5PjHAEqiO?si=InojwE5HT2a2rsD3eZy6Eg
Writings of J. Todd Ring 
April 6, 2020 at 8:07 pm
St. Louis Federal Reserve President James Bullard does not believe the U.S. economy or job market is in “free fall” despite a 32% unemployment projection made in late March. “There’s nothing wrong with the economy itself.”
Well that’s reassuring. 32% unemployment is absolutely nothing to be concerned about.
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