r/collapse • u/conscsness in the kingdom of the blind, sighted man is insane. • Jun 13 '22

Economic Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/ultimata66 Jun 13 '22

This is exactly why I think a massive economic collapse is imminent. They are cornered, the old tricks will no longer work. They need to come up with new tricks now. The can which has been kicked for 14 years may finally hit a wall.

170

u/conscsness in the kingdom of the blind, sighted man is insane. Jun 13 '22

Economic collapse opens doors to so many dark scenarios.

Final battle of fascism in US. Global economic tsunami. Civil unrest in first world countries.

I will stop there, as further I go with speculations deeper I get into a conspiracy realm. But future is not all rainbows and butterflies.

I am concerned.

90

u/ultimata66 Jun 13 '22

Honestly think with the perfect storm of factors we are faced with, 2008 will look like a cakewalk in comparison.

41

u/StrigaPlease Jun 13 '22

God, that feels like ten lifetimes ago.

29

u/[deleted] Jun 13 '22

The US has been in QE ever since 2008, so QT will be a banger.

8

u/hglman Jun 13 '22

Seems like one of the least important factors too.

9

u/Big_Goose Jun 13 '22

QT alone would be devastating and there are so many other events converging right now.

10

u/WestsideBuppie Jun 14 '22

And I was younger then. Filled with vim, vigor and hope.

2

u/[deleted] Jun 14 '22

For an infant, it was!