Zero Hedge: “In a recent article by Kessler Companies (hat tip Zerohedge) they correctly point out that inflation, as measured by the consumer price index, have a tendency to accelerate as the US economy moves into a recession.
Contrary to popular belief, the beginning of a recession is not deflationary but the exact opposite. As can be seen from the chart, consumer prices do indeed move higher into recessions as represented by the shaded areas.
Opinion: A better question: Is this the last stage before economic collapse?
No I am not a doom monger. The last recession, I have said many times, was not allowed to finish because central bankers and progressive politicians decided that major New York and foreign banks and were too big to fail.
The economy needed to fall into a 1930’s style depression which would have been over about now with less debt and a more efficient global economy. But that is not what happened.
The Federal Reserve under Alan Greenspan followed George Bush’s now infamous statement “I’ve abandoned free market principles to save the free market”, and printed then proceeded to print tons of money to shore up those banks.
Oh it was supposed to be temporary. It was supposed to provide stimulus to grow the economy but what it did was cause a massive rise in equity prices and a mountain of debt.
When President Bush left office the national debt was approx. $10 trillion. Just 7 years later it now stands at $19 trillion and there is no conceivable way to pay it back.
The 4 Horseman of Revelation 6:1-8 follow the rapture (Rev.4:1) of the Church and begin three sets of seven judgments on a Christ rejecting world.
The third (Black Horse) rider brings economic calamity resembling hyper-inflation “A quart of wheat for a denarius, and three quarts of barley for a denarius” a days wages will buy food for 1 day.
Middle East Headline: “Last Batch Of Clinton Emails Released — So What About 30,000 She Deleted? “ @ BPTnews.org