Crazy times, #india are #banning their #export of all but one type of #rice to curve lock #inflation https://www.theguardian.com/business/202.. The problem is that this will send #food #inflation through the roof elsewhere around the world.
Again, the #imf is seriously *wrong* https://www.zerohedge.com/economics/imf-.. #inflation is #delta change in #money value, meaning that the current change is living standards is here to stay. The #imf believes there will be #growth - these are the same people who #failed to #predict 2008.
The " #trillion #dollar #coin " is a #dumb #idea , but it's no dumber than what we are *already* doing: https://www.zerohedge.com/political/tril.. This is precisely how we end up in #hyper #inflation , although we are already on our way anyway.
According to the #imf , a third of the world is about to go into #recession *just keep #inflation under control:* https://www.zerohedge.com/markets/imf-he.. Things are about to get ultra shit, that doesn't even account for #interest on the #pandemic #loans , or #fractionalreserves invisible money.
Remember this #article by the #economist - because I think their #prediction will be wrong: https://www.economist.com/the-world-ahea.. They believe the #us #economy is #strong and somehow #inflation solves itself... Only #leftwing #journalists could find a good point behind #russia 's #invasion of #ukraine .
Great, the #uk is now setting #records for #food #inflation https://www.bbc.co.uk/news/business-6364.. The #inflation #rate is now the #highest since 1981 - yay! I suggest for everybody to get #stocked on #food ... Times are about to get really rough.
Yay, #uk 's #jeremyhunt will raise #taxes on the " #richest " and give it back to the #poor , with #inflation now officially over 11%: https://www.zerohedge.com/geopolitical/u.. This comes with tonnes of other #budget changes too: https://youtube.com/watch?v=FTKujdZGHX8
Yeah, the #uk #economy is #shrinking and #inflation is getting worse, we can feel it! https://www.zerohedge.com/economics/uk-m.. All is good and well though, because the #ons #office of #national #statistics will simple #redefine #gdp to means something else, in the the #memoryhole it goes! https://blog.ons.gov.uk/2022/11/11/inclu.. They are *insane.* These people #advise the #uk #government ...
#uk #food #price #inflation is getting wild: https://www.zerohedge.com/political/uk-f.. In the #shop I can see things getting more #expensive every time I go in there. I currently count myself in that #poor #category - I rally don't know how people will #survive .
People in the #us now literally #selling their #blood just to put #food on the table, thanks #biden https://www.zerohedge.com/political/im-s.. His #inflation #economic #fuckup has #delayed the #recession and #robbed the #poor of what very little #captial they had.
Interesting how the #us #democrats not longer want to talk about #inflation , after their #plan to keeping #printing #money has #failed https://www.zerohedge.com/political/watc.. It's as if you can't #print your way out of a #recession - who could have guessed! The only thing they have achieved is a #backdoor #tax for those that have #saved and for those #trading in #us #currency , a #mistake they will likely not make twice...
Not a great time to live in #turkey right now as the #lira #currency continue to #crash with 85% #inflation https://www.zerohedge.com/personal-finan..
Yeah, #history says that this #recession and #inflation will last a *long* time: https://www.zerohedge.com/markets/what-h.. #politicians are mostly #promising that some immediate #sacrifice will make things easier in the near #future , but this simply isn't true.
This #breakdown of the #uk 's #cost of #living shows the #price of almost everything is increased now: https://www.zerohedge.com/personal-finan.. We can keep #lying to ourselves, but the #reality is that this is just #inflation at this point, the #british #pound just #buys less.
Ouch, the #eu #ecb is running out of #options , despite increasing #interest #rates , they are still at -7.85% #interest after #inflation https://www.zerohedge.com/markets/peter-.. It means putting your #money into #euros means it vanishes as they #print #money to pay off #interest on #debt , which in turn creates lower #demand . Needless to say, #europe is *fucked.* There is no way out of this.
Looks like #unemployment in the #us is about to hit massive highs with #inflation increasing anyway: https://www.zerohedge.com/economics/scar.. The #fed have really screwed this up insanely badly. Prepare for an almighty #us #crash coming soon. It will likely get #triggered by the #eu or #china at this rate.