Impending Recession
The United States has not only had a very hectic political scene since COVID-19 became mainstream, but the economic scene has been just as hectic, if not worse. With the gas prices fluctuating up and down every other week, the price of food being at all time highs across the board, countries around the world starting to remove the U.S. dollar as their reserve currency, the national debt at an all time high, and our manufacturing base being outsourced to other countries like Mexico and Japan, which makes products for the American consumer more expensive, one might be inclined to ask, what can be worse? Well, it is not going to get prettier, folks.
With the United States almost experiencing the country's first default, which would mean immediate disaster for the economy, speaker of the house Kevin McCarthy and President Brandon recently made a deal which would raise the national debt ceiling. This essentially just delays our inevitable fall, unless the United States government can figure out a way to fix our debt crises quickly. What this debt really does, is continue to drill the average American, and continue to hollow out the middle class, which is not surprising considering this is the ultimate goal of our communist overlords, Emperors Brandon and Kamala.
The impending inflation will ultimately crush the average American. For the average worker, four to five dollar gasoline puts a really big dent in the family budget, especially if the car the family has is not particularly fuel efficient. Let’s say inflation takes the price of gas up to 8 dollars per gallon. Someone in the ultra wealthy class will at most become slightly agitated over the price of gas doubling. For someone in America’s middle class or lower, this might actually mean the family will be unable to use their car anymore because it is not a financially wise decision to pay an outrageously high amount for gas. Obviously the price of living in the United States does not just include buying gas, so when inflation make the price of food, taxes, clothes, toiletries, and other necessary items rise, the only option for these families is to pack everything and move, or become a part of the ever increasing welfare class, which is consuming more American families every single day.
With the value of the dollar globally becoming less and less as global treasuries continue to drop the dollar, the United States will not be able to spend anywhere close to the rate we have made as a part of our regular spending routine. Due to the U.S. dollar being the global reserve currency, whenever our country enters a financial predicament, we just print more money. This accumulates more debt, but does not affect us immediately because other countries are covering us. The American dollar reserve rate for countries around the world was at 70% during its peak. On the day this article was published, the rate was around 59%. Once this value goes below 45-40%, Noble Gold CEO Collin Plume predicts this will be the official end of the United States’ spending run. This number is unfortunately a lot closer than most predict it is. When this threshold is achieved, this could be the dagger that ultimately kills off whatever is left of the American middle class.
