This is What the World Now Faces and it Will Send Shockwaves Through Global Markets

September 22, 2023

This is what the world now faces and it will send shockwaves though global markets.

The outcome is almost guaranteed

September 21 (King World News) – Alasdair Macleod: The planners’ assumption is that falling consumer demand will lead to lower prices. But to the extent that the authorities believe this is true merely exposes the levels of their economic ignorance, because output of production declines first and then consumption reduces as employees are laid off. Far from reflecting a decline in consumption, instead the purchasing power of central bank credit, or its base money, is undermined by a combination of its expansion and loss of faith in it by foreign holders.