This Week in the World Affairs Brief
ON THE VERGE OF A RECESSION
Economic indices are on the decline, or becoming very unstable, so it is time to consider that we could be on the verge of a major recession—but not an economic collapse. As I’ve said many times before, economies do not collapse except in times of war and invasion when people simply cannot go to work anymore. Neither does hyperinflation happen without indexing—government encouraging or mandating that salaries increase with the rate of inflation. Still, government and politicians have no will to stop spending so there is every incentive to keep inflating the currency (inflation is far above the falsified official rate). On the surface, the economy seems to be doing fine with low unemployment numbers, but there are telltale signs of slowing. Several major corporations have been cutting staff dramatically to cut fixed costs out of caution against future falling profits. Once a contraction starts there will be a ripple effect that triggers unprofitability and layoffs in many other sectors.To receive a one-time free sample copy of the brief, email us at editor at worldaffairsbrief.com
Also:
- China’s Military Superiority Over the US in Asia
- Japanese-Korean Hostility Grows
- John Solomon Revelations About “the Triangle”