More vaccine headlines because, well, it’s a day that ends in “d-a-y.” More “stimulus” on it’s way because, well, that’s what an out of control Congress and White House do – they beg, borrow, and spend money we do not have. Former Chairs of the Fed, Ben Bernanke and Janet Yellen testified before Congress last week on how to weather the COVID-19 storm and suggested to do, “whatever it takes” – because, well, that’s what central bankers operating in banana republic do – they print money like it’s going out of style – because it is. And lastly, the weakest links in the global economic chain are beginning to completely collapse.
We highlight the devastating economic and social destruction of Lebanon. Wrought with years of political corruption, fraud, abuse, and nepotism, coupled with flawed economic policies have brought the Middle Eastern state to its knees. Unfortunately, the policies and actions that have caused this collapse are all too familiar to billions of people around the world – whether 3rd world or highly industrialized. This is what ultimately led to the global protests prior to the pandemic, and given the economic, health, and social fallout due to the pandemic, the protests will become even larger and likely violent. Any chain is only as strong as its weakest link and if recent history is any guide, do not be surprised if over the course of the next 1-2 years, we see the collapse of not only smaller countries, such as Lebanon, but of larger economies around the globe. A global economy built upon and maintained by debt cannot stand the test of time nor forever defy the laws of economic gravity. A day of reckoning is upon us and the Greatest Depression is now well underway. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Bailouts #BananaRepublic #USA #EndTheFed #Gold #Silver #Protests #Depression #Recession #Inflation #Peace
