The next global COVID-19 recession?

The media is getting louder by the day about a looming global economic meltdown during the COVID-19 recession.

Everyone remembers how the 2008 crash absolutely decimated global balance sheets.

Now, they’re claiming the COVID-19 recession will hit even harder.

Even the water levels at Lake Mead suggest the same thing, pointing toward an inevitable collapse.

Do you actually buy any of this?
Is a global crisis actually coming, or is it just noise?

I honestly think we need to stop fearmongering
and quit using these terrifying headlines just to scare people into submission

If you just scale back your needs and live more simply, no COVID-19 recession is ever going to touch you

You make a fair point. I can't personally say how much I felt the impact of the 2008 crash myself.
What I do know is that our paychecks were slashed, and those cuts were never restored, despite all their promises that everything would return to normal once the recession passed.

Look, us little guys, all we can really do is take things one day at a time
focusing on living a bit more intentionally and keeping things simple
cutting back on all those useless expenses we don't actually need
and honestly—just pausing before hitting "buy" to ask if I actually want the thing
😁
And that’s pretty much the whole game
The trick is to save when times are good, not when the COVID-19 recession hits
Because once the recession rolls in, that's when you jump in with cash and start buying 😁

We won't see any kind of real recession until Trump gets back into office... once he does, then maybe we can start talking about actual war.

fadedtinker36 said:The media is getting louder by the day about a looming global economic meltdown during the COVID-19 recession.

Everyone remembers how the 2008 crash absolutely decimated global balance sheets.

Now, they’re claiming the COVID-19 recession will hit even harder.

Even the water levels at Lake Mead suggest the same thing, pointing toward an inevitable collapse.

Do you actually buy any of this?
Is a global crisis actually coming, or is it just noise?

The COVID-19 recession will only happen if the globalists here in the USA manage to get rid of Trump.

Everything else is just noise from various pseudo-scientific leftist hacks and Nobel laureates like Krugman, who was busy predicting a recession right after Trump was elected.

It’s being claimed that the COVID-19 recession is looming and might have even worse effects.

To quote:
Germany's major economy admitted a few days ago that it's entered a technical recession, and stock indices on the largest US exchanges plummeted on Wednesday, leading global analysts to suggest a new global economic crisis might be on the horizon.

On the other hand, US stock indices hit all-time highs on Monday; they're higher now than they've ever been in history.
And all this happens while the Democratic Party tries to sabotage Trump's successful economic policies, seemingly hoping that by crashing the economy, they can take down Trump too. For instance, Democrats in Congress failed to ratify Trump's USMCA, which could have spurred even more growth on its own.

Anyone following politics even remotely knows that last week's dip was a direct result of the Democrats in Congress pulling yet another sabotage move against Trump. The market's reaction afterward—that massive rally—just shows their attempt didn't really work.

All this American economic growth is happening right in the middle of a trade war with China and negotiations where we're only just starting to see a potential end to the first phase.
Many experts are guessing that once the US and China reach a deal, stock indices could jump 10-15%, which would probably be the biggest surge in history.
But, I guess, if they somehow do manage to topple Trump, it's almost certain that all this economic momentum would grind to a halt, leaving us with a brutal recession.

Europe and Germany are a completely different story.
The sickness in the European economy feels like a malignant tumor that started spreading when the European Economic Community evolved into the political entity known as the EU; now it seems more focused on ideological nonsense rather than sound economics.
The situation in the EU isn't helped by this whole tug-of-war regarding the United Kingdom leaving. Instead of finding a sensible agreement quickly, the globalists in Brussels along with the remainers in the United Kingdom are sabotaging any resolution, pushing the entire EU into even deeper uncertainty.

I don't know if this thing hits next year or if the heavy hitters in the Democratic Party manage to kick the can down the road for a while, but it’s coming. When it does, 1929 is going to look like a walk in the park. Seriously, people, stop living on credit. Just look at what happened back in the day with America—Marshall used to grab loans at basically nothing. He racked up about $11 billion. By the time he passed, interest rates shot up to 18%, and his successors had to take out even more massive loans just to cover the old payments. Within two years, that debt ballooned to $18 billion.

Ah, the stock market... just look at Lehman Brothers—they kept climbing higher and higher right up until the moment they didn't.

fadedtinker36 said:The media is getting louder by the day about a looming global economic meltdown during the COVID-19 recession.

Everyone remembers how the 2008 crash absolutely decimated global balance sheets.

Now, they’re claiming the COVID-19 recession will hit even harder.

Even the water levels at Lake Mead suggest the same thing, pointing toward an inevitable collapse.

Do you actually buy any of this?
Is a global crisis actually coming, or is it just noise?

Total Trojan Horse move here—crises don't just "happen," they’re manufactured. They’re one of the most powerful geopolitical levers used to grab power and exert control. So, to answer your question: yeah, crises are coming. The driver? Defending the Petrodollar, which is getting seriously eroded along with Anglo-Saxon dominance. Honestly, the Anglo-Saxons need to trigger an economic crisis ASAP; they still hold all the cards when it comes to controlling global money flows, and since things are going south for them on the front lines (basically, they're in total shambles), they’ll pivot to their last resort—a tactic they’ve perfected many times before. If that doesn't work, get ready for a major conflict—something way more intense than the typical proxy wars we've seen over the last 25 years.

Bottom line: the geopolitical landscape makes a crisis inevitable. But whether it hits in a year or three, or which country gets hit first and how they pull the trigger, is anyone's guess right now. You’d have to be sitting at the high table to know for sure... 😁My personal speculative bet? The crisis kicks off within 12 months of Brexit being finalized...☕

Basically, once you see some random commodity price like copper tanking in some obscure market, you'll know the wheels are officially in motion...☕

Amy Rogers6 said:Total Trojan Horse move here—crises don't just "happen," they’re manufactured. They’re one of the most powerful geopolitical levers used to grab power and exert control. So, to answer your question: yeah, crises are coming. The driver? Defending the Petrodollar, which is getting seriously eroded along with Anglo-Saxon dominance. Honestly, the Anglo-Saxons need to trigger an economic crisis ASAP; they still hold all the cards when it comes to controlling global money flows, and since things are going south for them on the front lines (basically, they're in total shambles), they’ll pivot to their last resort—a tactic they’ve perfected many times before. If that doesn't work, get ready for a major conflict—something way more intense than the typical proxy wars we've seen over the last 25 years.

Bottom line: the geopolitical landscape makes a crisis inevitable. But whether it hits in a year or three, or which country gets hit first and how they pull the trigger, is anyone's guess right now. You’d have to be sitting at the high table to know for sure... 😁My personal speculative bet? The crisis kicks off within 12 months of Brexit being finalized...☕

Basically, once you see some random commodity price like copper tanking in some obscure market, you'll know the wheels are officially in motion...☕

🤦

The Petrodollar? Hmm... was that before or after the gold standard? 🤔 Probably after mercantilism... I guess...
😁
Anyway, it's just some historical term...

My suggestion? Maybe wake up to the 21st century and realize the USA is now the biggest producer and net exporter of oil and gas. Plus, the IT industry is basically the engine driving everything.
The whole Petrodollar concept is fifty years old, and nowadays, the only people still obsessing over it are those salon-dwelling blowhards spinning their little fantasies. It's as if certain cultural Marxist economic theorists—which is an oxymoron if you ask me—have elevated it to some kind of cult object, the ultimate scapegoat for all the world's problems. And now, they just can't cope, so they keep seeing this phantom threat in every nightmare.

If we were living under the thumb of the Chinese instead of the Anglo-Saxons, I guess we’d all be walking on eggshells right now. We'd probably be watching every single word we typed on this forum, terrified that our social credit score would tank if we said something even slightly off. Maybe then we wouldn't even be able to pull off buying a train ticket or a flight.

Timothy Nelson5 said:🤦

The Petrodollar? Hmm... was that before or after the gold standard? 🤔 Probably after mercantilism... I guess...
😁
Anyway, it's just some historical term...

My suggestion? Maybe wake up to the 21st century and realize the USA is now the biggest producer and net exporter of oil and gas. Plus, the IT industry is basically the engine driving everything.
The whole Petrodollar concept is fifty years old, and nowadays, the only people still obsessing over it are those salon-dwelling blowhards spinning their little fantasies. It's as if certain cultural Marxist economic theorists—which is an oxymoron if you ask me—have elevated it to some kind of cult object, the ultimate scapegoat for all the world's problems. And now, they just can't cope, so they keep seeing this phantom threat in every nightmare.

Russia has three to four times more gas than America.
American gas is about 30-50% more expensive than Russian gas.

loneskipper10 said:Russia has three to four times more gas than America.
American gas is about 30-50% more expensive than Russian gas.

US production is mostly just fracking, which is a total crapshoot if you ask me. They've already picked the low-hanging fruit—all those easy sites that promised the moon. Now they're left with the scraps where digging stuff up costs an arm and a leg. And here's the kicker: the prime spots are drying up or about to be shut down. Turns out there’s way less energy down there than the hype suggested. Sure, we can keep drilling, but prices will skyrocket. American wells will probably end up like the ones in Norway—shutting down by the middle of the next decade. That means we're back to importing. This year, when domestic stuff covered two-thirds of our imports, people were acting like it was the glory days. Just wait.

I’m with you on that one.

Amy Rogers6 said:Total Trojan Horse move here—crises don't just "happen," they’re manufactured. They’re one of the most powerful geopolitical levers used to grab power and exert control. So, to answer your question: yeah, crises are coming. The driver? Defending the Petrodollar, which is getting seriously eroded along with Anglo-Saxon dominance. Honestly, the Anglo-Saxons need to trigger an economic crisis ASAP; they still hold all the cards when it comes to controlling global money flows, and since things are going south for them on the front lines (basically, they're in total shambles), they’ll pivot to their last resort—a tactic they’ve perfected many times before. If that doesn't work, get ready for a major conflict—something way more intense than the typical proxy wars we've seen over the last 25 years.

Bottom line: the geopolitical landscape makes a crisis inevitable. But whether it hits in a year or three, or which country gets hit first and how they pull the trigger, is anyone's guess right now. You’d have to be sitting at the high table to know for sure... 😁My personal speculative bet? The crisis kicks off within 12 months of Brexit being finalized...☕

Basically, once you see some random commodity price like copper tanking in some obscure market, you'll know the wheels are officially in motion...☕

You hit the nail on the head.
The crisis will hit everyone without exception.

Kyle Nelson2 said:If we were living under the thumb of the Chinese instead of the Anglo-Saxons, I guess we’d all be walking on eggshells right now. We'd probably be watching every single word we typed on this forum, terrified that our social credit score would tank if we said something even slightly off. Maybe then we wouldn't even be able to pull off buying a train ticket or a flight.

Is that a good thing or a bad thing?

Kyle Nelson2 said:If we were living under the thumb of the Chinese instead of the Anglo-Saxons, I guess we’d all be walking on eggshells right now. We'd probably be watching every single word we typed on this forum, terrified that our social credit score would tank if we said something even slightly off. Maybe then we wouldn't even be able to pull off buying a train ticket or a flight.

If it were just the Chinese and not the Anglo-Saxons, we'd have way more freedom to speak the truth. Honestly, the West is less free than China is right now.

crimsonstag12 said:If it were just the Chinese and not the Anglo-Saxons, we'd have way more freedom to speak the truth. Honestly, the West is less free than China is right now.

More freedom under the Chinese? Not a chance. Just look at what they're doing to the Uyghurs in those "re-education" camps. As long as you bark exactly how the system wants you to, you're fine. Forget that version of freedom; it's just like how Europe punishes internet users for having any opinion that doesn't fit the mainstream. It really just boils down to West versus East—nobody's actually free. One side just maintains the illusion of liberty while everyone knows the other places aren't free at all...

Go ahead, head straight for China
Half your relatives are already over there with you in the West
yet here you are, celebrating China

Fine by me—off you go to China

Lawrence Booth2 said:Go ahead, head straight for China
Half your relatives are already over there with you in the West
yet here you are, celebrating China

Fine by me—off you go to China

Does that logic apply to Asante too?

I'm dying to hear what he’d have to say in a place where people actually have freedom of speech.