Is the United States already in a 2023 Recession?
The 2023 Recession is here in Q4 of August 2023.
Back in 2019, Covid-19 devastated the world with its viral virus, which killed millions of people worldwide and forced governments to lockdown.
COVID-19 was an unprecedented black swan event that shook the world by causing small businesses, corporations, and infrastructure to die.
The Federal Reserve printed $3.3 trillion dollars to keep the stock market and people's livelihood afloat.
However, the $3.3 trillion dollars only slightly lessened the stock market crash and delayed the inevitable doom of businesses worldwide.
The S&P 500 crashed 34.93% in March 2019 instead of falling over 50%.
With the Federal Reserve printing $3.3 trillion dollars, the stock market resuscitated into a new rally.
The S&P 500 rallied 110% from March 2020 to December 2021.
For the first time since The Great Depression, The Federal Funds Rate was set to 0-0.25% interest rates.
The Federal Reserve Banks loaned cash to commercial banks like JP Morgan Chase and Bank of America for 0%-0.25% interest.
Because of the low interest rate, it made borrowing much cheaper for real estate mortgages and business loans.
However, the low interest rate made it extremely difficult for bank clients to earn interest on their savings.
The abundance of cheap cash inflated the price of gas, groceries, rent, and home mortgages.
In 2022, the S&P 500 dropped 27% because the Federal Reserve wanted to counter inflation.
The Federal Reserve printed an additional $2 trillion dollars in July 2020.
This delayed the stock market from crashing, causing more widespread inflation.
The Federal Reserve announced that their economic policy was to ensure a "soft landing".
In 2022, The Federal Reserve and mainstream media denied a recession to stop panic selling.
The best way to prevent investors from panicking and pull all their money out of the market is to pretend that everything is okay.
Office buildings became ghost buildings because of quarantine work-from-home requirements.
Cities like San Francisco, Seattle, New York City slowly became zombie towns instead of the metropolises it used to be.
Increased crime, poverty, fentanyl use, and homelessness destroyed tourism and the image of first-world cities.
People around the world are waking up and realizing that the major cities in U.S. are worse than poor 3rd world countries.
Social media informed Millennials and Gen Zs no longer trust banks, financial institutions, and the U.S. government.
Big banks such as Silicon Valley Bank and First Republic Bank went bankrupt due to mismanagement and terrible investments in treasury bonds and mortgage backed securities.
Overleveraged crypto companies and financial institutions such as Signature Bank, Celsius, and FTX died as well.
Some of these well known crypto companies were discovered as frauds and ticking time bombs which imploded.
Currently, in 2023, we are facing the greatest disaster of our global economy in history since the Great Depression of 1929.
A 2023 Recession is already here. The 2024 Viral Depression is coming.
The only way out of the 2024 Viral Depression is if the Federal Reserve continues to print money to inflate the economy.
That means your hard earn dollar will be worth less tomorrow than today.
Book a quick 30-min call with Alex, Your Top 1% Investor now to stop your portfolio from losing money.
