The Iranian born Jew economist Nouriel Roubini known by many as “Dr. Doom” is predicting a major economic collapse in the United States. Roubini is best known for having previously predicted the 2008 stock market crash.
RT:
The US economy could sink into a quagmire of shrinking output, surging inflation and soaring unemployment, renowned economist and New York University professor Nouriel Roubini warned last week during an eToro webinar.
He argued that the Federal Reserve might have to double interest rates to 5% in order to curb inflation. However, such an increase could choke economic growth and cause a spike in joblessness, Roubini stressed. Moreover, raising rates could trigger a debt crisis.
The economist also cautioned that the US regulator’s moves to rein in inflation could tank the economy, and cause crashes across stocks, bonds, housing, credit, private equity, and other assets in bubble territory. However, if the central bank gives up on fighting inflation, price increases could spiral out of control.
Stubborn inflation and the coronavirus pandemic might force the Fed to drive the US economy into an even deeper recession than the one it has avoided, Roubini warned.
I’m not sure why he’s claiming that a recession was avoided. It most definitely wasn’t avoided. We’ve absolutely been in the middle of a recession if not a depression since the virus hoax and all the lockdowns.
Whatever the case, he is not wrong about the general economic problems. We have a situation where the Federal Reserve is raising interest rates but not fast enough to stave off inflation. So this will eventually crash the value of assets people have typically used to store their wealth while basic necessities like food and energy surge.
At this point it really doesn’t matter what the Fed does. There is no avoiding a total collapse. The only question is how the collapse will play out.
None of this is particularly difficult to figure out, but we are reaching a point where people like Roubini who have appeared on Jewish propaganda channels are finally stating the obvious reality.
