An economy that only works for the globalist elite is not sustainable.
No matter how much propaganda and establishment media spin gets thrown around, the truth does not change. An unbalanced economy is incredibly vulnerable, and any shock can be enough to cause a severe crisis.
Now, a new report from the Bank for International Settlements (BIS), is warning that financial trouble is brewing.
As noted by the Independent, Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to the annual report of the Bank for International Settlements (BIS). Claudio Borio, the head of the BIS monetary and economic department, said a new recession could come “with a vengeance” and “the end may come to resemble more closely a financial boom gone wrong”.
There is also a warning that the rising interest rates being pursued by many central banks “will smother growth.” Of course, this is a result of policies that have stifled the economic opportunities of working class and middle income people, leaving low interest rates as the only way to generate any growth at all – which has led to rising debt problems.
The report still pushes the establishment line to an extent, warning against “protectionism,” as if that’s somehow the real problem. That kind of message is unsurprising from the BIS, which is known as the “central bank for central banks.” Still, the fact that they are warning of yet another recession shows the abject failure of the elites to effectively manage the aftermath of what happened in 2008.
After hundreds of billions in taxpayer-funded bank bailouts, and trillions worth of printed money, economies around the world are more vulnerable than ever.
Until we defeat those who are pushing our economy to be even more corrupt, over-regulated, over-taxed, and elitist-dominated, the risk of a serious crisis will continue to grow.
The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.1
That’s why I write.
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