The push back whenever you imply the economy could be headed for, or in, a recession is "NO WAY, I don't see people standing in lines for food." What these people fail to recognize is 50% of US households receive some form of government assistance. A whopping 12% are on food stamps!! Does that sound like the greatest economy in American history? Or does it sound like the US is still in a recession? The longest contraction since the great depression?
That's one of the huge problems with the economy now. No one sees how bad it is because the governments masks the recession with smoke and mirror tactics. You know all your friends are underemployed, if they're employed, but you hear in the media everything is so great, you assume the recession like times must be isolated to the group of people you associate with. Not so! Even is you use the governments cooked numbers, if you extract government deficit spending it still takes GDP negative.
Once you look at the facts deeper, it's hard to come to any other conclusion other than the US has been in a recession and the money printing by the Fed has just masked the recession temporarily.
In this recession watch video I discuss the following:
1. Recession facts you've never heard before!!
2. Unemployment data you won't believe!
3. Recession debt levels in supposed "boom" times.
For more content that'll help you build wealth and thrive in a world of out of control central banks and big governments check out the videos below! đŸ‘‡
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Do you wanna see another video as incredible as this?
Watch "Recession 2020: 5 Reasons It Will Be Worse Than 2009":
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Watch "Rick Rule: Unbelievable 2020 Predictions YOU CAN'T AFFORD TO MISS!":
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