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:

One Response to “The Greatest Depression Begins”

  1. jtoddring Says:

    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.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: