Politics

Is a Massive Economic Downturn Coming?

The United States has seen its fair share of economic ups and downs throughout its history.

Published

7 months ago

March 1, 2023

News Staff

The United States has seen its fair share of economic ups and downs throughout its history. From the Great Depression of the 1930s to the Great Recession of 2008, economic downturns have had a significant impact on the country’s financial well-being. So, is the U.S. due for another major economic downturn? Let’s take a closer look at the historical data.

First, it’s essential to understand that the U.S. economy is cyclical. It goes through periods of growth and contraction, often driven by factors such as inflation, interest rates, and government policy. While the severity and duration of these cycles can vary, there is a pattern to their occurrence. Economic downturns tend to happen every 8-10 years, with some lasting longer than others.

The most recent major economic downturn in the United States was the Great Recession, which officially began in December 2007 and lasted until June 2009. During this period, the U.S. economy experienced a significant decline in economic activity, including a sharp drop in employment, a decline in consumer spending, and a contraction of credit. The Great Recession was caused in large part by a housing market bubble, as well as risky lending practices by financial institutions.

Since the end of the Great Recession, the U.S. economy has experienced a period of sustained growth. The unemployment rate has fallen to historic lows, and the stock market has reached record highs. However, there are indications that the current economic expansion may be reaching its limits.

One indicator of a possible economic downturn is the yield curve. The yield curve is a graph that plots the interest rates of U.S. Treasury bonds of different maturities. Typically, longer-term bonds have higher interest rates than shorter-term bonds. When the yield curve inverts, which means that the interest rates on shorter-term bonds are higher than those on longer-term bonds, it’s often seen as a warning sign of an impending recession.

The yield curve inverted briefly in 2019, and while it has since reverted to its typical pattern, some economists see this as a sign that the U.S. economy could be due for a downturn soon.

Another factor that could contribute to a possible economic downturn is rising levels of debt. The U.S. government has been running large budget deficits for several years, and the national debt has reached historic highs. Additionally, many Americans are carrying significant amounts of personal debt, including credit card debt and student loans. If a large number of people begin defaulting on their debts, it could have a ripple effect throughout the economy.

There are also concerns about global economic conditions, including trade tensions between the U.S. and China and uncertainty surrounding Brexit. These factors could potentially destabilize the global economy, leading to a downturn in the U.S. as well.

While there are certainly indications that the U.S. could be due for another major economic downturn, it’s important to remember that predicting the future is always uncertain. Economic cycles can be unpredictable, and there are many factors that can influence their occurrence and severity. That said, it’s always wise to be prepared for the possibility of an economic downturn, whether through building up savings, paying down debt, or investing in diversified assets.

In conclusion, the historical data suggests that the U.S. is likely due for another major economic downturn at some point in the future. While the timing and severity of such a downturn are uncertain, there are signs that it could happen sooner rather than later. As always, it’s important to be aware of the risks and take steps to prepare for the possibility of a downturn, both at the individual and policy levels.

How to prepare for a great recession:

A recession is a period of significant economic decline that typically lasts for several months to a few years. During a recession, many people may experience job loss, financial instability, and difficulty making ends meet. It is important to be prepared for a recession, whether you are an individual, a business owner, or an investor. Here are some tips on how to prepare for a recession:

Reduce debt: In a recession, debt can be a major burden. It is important to reduce or eliminate debt as much as possible before a recession hits. This can include paying off credit cards, student loans, car loans, and other debts.

Build an emergency fund: An emergency fund is a savings account that is set aside to cover unexpected expenses. During a recession, an emergency fund can be especially important to help cover bills and expenses during periods of job loss or reduced income. Aim to save at least three to six months of living expenses in an emergency fund.

Cut unnecessary expenses: Review your budget and look for ways to cut expenses. This can include canceling subscriptions or memberships, eating out less, and reducing entertainment expenses. By cutting expenses, you can save money and be better prepared for a recession.

Diversify investments: If you are an investor, it is important to diversify your portfolio. This can include investing in a mix of stocks, bonds, and other assets. Diversification can help reduce the risk of loss during a recession.

Improve job skills: In a recession, job loss can be a major concern. It is important to improve your job skills and make yourself more valuable to employers. This can include taking classes, attending workshops, or earning additional certifications.

Consider additional income sources: During a recession, additional income sources can be helpful. This can include a part-time job, freelance work, or starting a side business. By earning additional income, you can offset any potential job loss or reduced income.

Review insurance coverage: Review your insurance coverage, including health, auto, and home insurance. Make sure that you have adequate coverage to protect yourself in case of an unexpected event.

Stay informed: Keep up-to-date on economic news and trends. This can help you anticipate potential economic changes and make informed decisions about your finances.

Plan for the long term: A recession is typically a temporary economic downturn. It is important to plan for the long term and continue to invest in your future. This can include saving for retirement, investing in education, or starting a business.

In conclusion, preparing for a recession is important for individuals, businesses, and investors. By reducing debt, building an emergency fund, cutting unnecessary expenses, diversifying investments, improving job skills, considering additional income sources, reviewing insurance coverage, staying informed, and planning for the long term, you can be better prepared for any potential economic downturn. While a recession can be difficult, being prepared can help you weather the storm and emerge stronger in the long run.

We'd love to hear your thoughts about this article. Please take a minute to share them in the comment section by clicking here. Or carry the conversation over on your favorite social network by clicking one of the share buttons below.

Related Topics:America conservative Featured Politics

News Staff

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.

Up Next

I Fought the Clock

Don't Miss

Social Justice: Preferential Treatment That Circumvents Laws

Elections

Lawfare, Coercion, and Intimidation at the U.S Department of Injustice

Th DOJ fraudulently claims this mission: “Uphold the rule of law, to keep our country safe, and to protect civil rights”

Published

2 weeks ago

September 18, 2023

Jeff Davidson

Lawfare is impacting society in horrendous ways, many of which ultimately impact your life and your experiences. What is lawfare? Derived from combining the words “law” and “warfare,” it is the employment of legal approaches to delegitimize, damage, or destroy an opposing party or to hinder their ability to employ their own legal rights.

While lawfare has been used among nations seeking to resolve military conflicts, hamper an opponent’s strategies and tactics, or accuse others of serious crimes, here I am only focusing on domestic issues.

The U.S. system of justice has become overtly contentious, straying from the original mission and objective of our legal system. Unfortunately, the U.S. Department of Justice adopted lawfare tactics en mass during the Obama Administration, under the sordid leadership of Attorney General Eric Holder.

Long Term Damage

Lawfare was employed against individuals whom the DOJ had targeted, to damage or disparage their character, waste their money and time, or triumph over them for public relations purposes. Today the DOJ persecutes, coerces, badgers, and prosecutes Americans, mainly conservatives, time after time.

The agency’s conviction rate is 93%, or 14 out of 15 cases. Yet, in countless instances, DOJ lawyers pursuing cases do not have sufficient evidence or even legal grounds. How do they prevail? Repeatedly, these government attorneys intimidate defendants to confess to “process” crimes, much like what the special prosecutors under Robert Mueller did with many of Donald Trump’s associates.

If no real crimes existed, DOJ attorneys, well-versed in lawfare, pushed for prosecution in one way or another, HUNDREDS of times. Conviction represents career bonus points for eager DOJ attorneys.

Garland: Corrupt Beyond Belief

Bill Barr, appointed by Donald Trump, was utterly corrupt – a swamp creature of the highest order. He sat on the Hunter Biden revelations. He ignored voluminous evidence of worldwide bribes taken by Joe Biden. He covered for Jeffrey Epstein’s clients, and likely lied about Epstein’s demise. He had insider knowledge of the numerous bogus plots against Trump and said and did nothing.

U.S. Attorney General Merrick Garland, now head of the DOJ, has raised lawfare to justice-destroying heights. The DOJ has become the chief agency of injustice. Under Garland, Catholics, parents concerned about the education and welfare of their children, peaceful protesters, and legions of others have had their rights violated.

We know that both the FBI and DOJ have sought to lay heavy crap on Rudy Giuliani, Matt Gaetz, Don Trump, Jr., Jared Kushner, many of Trump’s advisors, and so many others.

Injustice on Demand

Garland’s DOJ implements lawfare in virtually everything it does. The agency has no qualms about incarcerating people for indeterminate lengths, staging show trials, bleeding defendants financially dry, and threatening them with jail sentences unless they capitulate. These are perilous times, especially for anyone who is opposed to the Biden Administration or speaks up in ways that the DOJ does not approve.

It is not difficult with the vast databases to undertake intense snooping and other nefarious methods. In record time, the “Department of Injustice” can ruin a person’s reputation, even after a lifetime of accuracy in their work, in their claims, and in how they comport themselves.

The DOJ can destroy reputations in less than 24 hours, particularly if that person is vulnerable with relatives or children. They raid homes with guns drawn when a simple knock on the door would suffice. The Democrats of today, can get to anyone they want, and will shake their targets to the core.

The GOP Must Win in 2024 or We’re Doomed

Everything described above should have no place within the U.S. Department of Justice. Lawfare should have no place. Meanwhile, the DOJ fraudulently claims that its mission is to “Uphold the rule of law, to keep our country safe, and to protect civil rights.” In actuality, it fails miserably on all three counts.

Claiming independence and impartiality, the agency states, “We work each day to earn the public’s trust by following the facts and the law wherever they may lead, without prejudice or improper influence.” Yes, Hunter Biden will verify that. The DOJ claims, “Our employees value differences in people and in ideas and treat everyone with fairness, dignity, and compassion.” Not exactly.

The only tenable solution to vanquish the runaway DOJ and their insidious practice of lawfare, intimidation, and coercion is for a Republican to win the 2024 presidential election, replace Garland, and quickly reverse the serious damage that has been done to our nation.

If Democrats successfully re-cheat their way to victory, may God help us all.

– – – – – –

Elections

DO YOU EVEN RECOGNIZE AMERICA TODAY?

Published

2 weeks ago

September 15, 2023

Terry L. Paulson, Ph.D., CSP, CPAE

Do you feel like you wake up every day to a bad dream and then struggle with the fact that your nightmare is actually reality in America today? Thankfully, the polls of Democrats and Republicans alike are sending a clear message—we’ve had enough of dementia Joe. He is often incoherent with or without his teleprompter. After speaking, he consistently wanders waiting to be guided to an exit. He tries to kiss and grope women who fall into his meandering web. Heaven help him if he would actually have to handle an open press conference with unscripted questions. The man seldom even works; he majors in rest and vacations.

And yet, somehow, Biden manages to keep making executive orders and decisions that move America further into “progressive” darkness. Obviously, somebody other than the President is managing the puppet strings and moving America faster and further into institutionalizing leftist policies.

Fearful of Biden facing Trump in the 2024 election, the Democrats have managed to tie up the leading Republican candidate with 91 indictments. Their hope is that the legal quagmire and trials will restrict his ability to mount an effective campaign. Be clear. The Democrats have one goal—keep Trump out of office and hopefully in jail.

Speaking of jail, where are the investigative reporters unraveling the crimes of “the Big Guy” Biden. We have recorded statements by Joe bragging about bribing Ukrainian leaders with US funds conditional on firing the Ukrainian district attorney looking into prosecuting Burisma. Vice President Joe Biden stopped the man whose investigation could have implicated his son, Hunter Biden. The Democrats keep claiming that Hunter’s problems have nothing to do with the President.

Unfortunately for Joe, in spite of such claims more and more evidence is mounting that the President and the Biden family benefited from Hunter’s influence peddling. Hunter Biden’s email to his daughter Naomi Biden that recently became public makes clear the father’s involvement. The email has been verified by the Washington Post and is clearly damning.

According to Hunter’s statement in that email, President Joe Biden demanded and received payment for his influence. It reads, “I hope you all can do what I did and pay for everything for this entire family for 30 years. It’s really hard. But don’t worry unlike Pop I won’t make you give me half your salary.”

This email and related information could have been made public two years ago. It could have impacted the 2020 election. If the House of Representatives initiates an impeachment inquiry, more of this information will be front and center and hard for the left-leaning media to avoid covering. With Joe Biden using aliases to send hundreds of additional incriminating emails, the evidence is just now coming to light.

If Biden is innocent of any wrongdoing, he should be cooperating and welcoming an investigation. Instead, he has already created a “war room” to be ready to fight any impeachment inquiry. Even with an inquiry, it’s unlikely that the Senate would have the votes to Impeach the President. But the more evidence that comes out, the more Democrats behind the scenes will likely be asking Biden to step down. Republicans did it with Nixon, and the Democrats would be wise to do it with Biden rather than risk him running again, losing, and taking their majority down with him.

The President’s future legal problems are not the only thing that is wreaking havoc on the American society. There is sexual confusion that is enraging many voters on the right and the left. In many states, biological men are claiming to be women and being allowed to compete in sporting events and winning against biological women. Politicians and even judges are refusing to define what a woman is. Most of us are pretty sure we know!

One meme that has been circulating makes the difference very clear. The world population is 8,030,610,062. People born from women: 8,030,610,062. People born from men: 0. They go on to suggest, “Feel free to fact check.” If men who call themselves women want to compete in sports, let them compete against other men instead of forcing their way into women’s locker rooms to live a lie.

In America today, they are not content limiting sexual confusion to adults. Many leftists are condoning trans surgery of young children to “change their sex” without parental approval. Schools can’t give an aspirin without parental approval, but in some states, children can decide to have irreversible surgery that mutilates their bodies. The parents are still responsible for caring for their children when they have to pick up the pieces from this child abuse.

Supporters call it “gender affirming care,” and it’s not all that rare. From 2016-2020, the American Medical Association reports 3,678 gender affirming surgeries done on children twelve to eighteen years of age. Columbia University has found that 3,315 children had breast surgery and 405 had genital surgery at a young age. This is not “care” of any kind! If anyone wants to do this to their body, wait until they are an adult and pay for it themselves.

If this is not enough, we have an administration claiming we have a secure border when millions continue to stream across our border in record numbers. Even sanctuary cities like New York have had enough. America takes pride in welcoming legal immigrants. It’s time to close down the flood of illegals.

Add to that the dismal performance in public schools around the country. Our kids are falling behind, and Democrats, coveting the support of teacher unions, refuse to even consider school choice. Minority parents want it, and Biden and his administration stand in the way.

It’s clear that America is hard to recognize as the country we once loved and cherished. It’s rapidly becoming a leftist loony bin in need of an intervention! Let’s hope that comes in November of 2024.