The Global Economy basically shut down during CoVid, and oil consumption dropped dramatically. We have been creeping back up to the consumption mark since and in 2023 just surpassed the 2018 peak.
CoVid arrived rather suspiciously just AFTER the consumption peak of 2018-19. If it had arrived before the peak, you could blame the drop on covid, but the order was reversed. On a conspiracy level, I mentioned a while back I find this very suspicious, since it looks like CoVid was used to disguise the peak by screwing up all the economic indicators. This article confirms this and suggests our actual Great Depression v2.0 began with CoVid.
We are used to this kind of language blaming the pandemic for the results of lockdowns. Of course, it was a man-made decision to turn a respiratory virus into an excuse to shut down the world. The lockdowns blew up all economic data, generating seesawing graphs on every indicator never seen in industrial history. They also made before/after comparison extremely difficult.
The consequences will echo long into the future. The high interest rates are a result of trying to slow down the money spigot unleashed in March 2020, in which more than $6 trillion in new cash appeared out of nowhere and was distributed as if by helicopter.
The article goes further to demonstrate how inflation has been used to disguise the falling productivity and why there is such a mismatch between what Da Goobermint claims about our economy and what the truth actually is. The reality is we weren't able to sustain the oil consumption level in 2019 before covid, and we can't sustain it now either. The thing is, we don't have Covid to use as an excuse to shut everything down again, so something else will have to do it. What will that something else be?
I'd bet on either a stock market crash or a banking crisis stemming from the collapse of the commercial real estate market here in the FSoA, or an international banking crisis due to the increasing number of failures of small regional Chinese banks that are being swallowed up in mergers with larger international ones. The currency markets might also fracture along with the bond market.
November with the POTUS election also seems like a possible Crisis Moment, which makes the Assassination attempt on Trumpovetsky more suspicious than just a lone shooter disgruntled science nerd. This may have been set up to begin a political crisis, and since he managed to survive it something else will need to be ginnied up.
On the International level, with the Olympics in Paris and the Frog Goobermint in complete disarray, the possibility of a major Terrorist incident at the Olympics seems high as well. We have clearly reached a critical point and the system is ready to blow.
Somethings coming...don't know where...don't know when...WHO KNOWS?
https://www.newsmax.com/finance/phillippatrick/economy-recession-jobs/2024/07/16/id/1172734/
RE