- Watch The JD Rucker Show every day to be truly informed.
Economist and New York University professor Nouriel Roubini, often referred to as “Doctor Doom” for his pessimistic economic forecasts, said the Federal Reserve is facing “Mission Impossible” as inflation remains persistent and fissures appear in the banking sector.
Speaking at Semafor’s World Economy Summit on Wednesday, Roubini expressed concerns about the fragility of the banking sector, citing a multitude of factors that could lead to a severe financial crisis. Global debt levels, artificial intelligence-induced job losses, growing radicalism, wealth inequality, and escalating geopolitical tensions were just a few of the categories he listed.
In short, financial regulators may be trapped in a box.
“When inflation is too high, if you raise rates, you risk causing a hard landing,” he said, outlining the Fed’s dilemma. “Forget about jobs; if you don’t raise [rates] enough, then the risk is a de-anchor of inflation.”
Roubini particularly emphasized the risks of mounting debt levels in both developed and developing economies as well as in the private and public domains. He argued that massive debt accumulation, particularly by governments and corporations, has reached unsustainable levels and cannot be supported in an environment of higher interest rates.
According to the professor emeritus, combined public and private debt in advanced economies was roughly 100 percent of gross domestic product (GDP) in the 1970s. Today that number is 420 percent, he said.
Coffee the Christian way: Promised Grounds
An over-indebted economy means each subsequent rate hike by the Fed adds a greater financial burden on borrowers to make interest payments. However, inflation—which came in at 5 percent annually on Wednesday—continues to chip away at the income of lower and middle-class households.
On China, Roubini warned that the accelerated decoupling of the United States and China poses another financial stability risk, particularly in America.
“This Cold War between the U.S. and China is becoming colder by the day,” he said. “The Chinese realize, ‘if I owe you a billion is my problem for you, a trillion is my problem,’ and they want to diversify from dollar assets.”
Ultimately, he acknowledged that both nations face considerable challenges, with China facing a rapidly declining population and increasingly aggressive authoritarianism.
Article cross-posted from our premium news partners at The Epoch Times.
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
