Apart from fashion or the need to adjust clothing, the belt has long had an economic meaning and corresponded to lean times when people “had to tighten their belts.”
And that’s what’s planned for the U.S. economy, and the rest of the world, for generations that may need further realignment, even in areas of excess and abundance, such as the kingdoms where oil flows abundantly.
For now the USA remains great scientific, military and economic giantHowever, hopes that everything will continue as it was before the pandemic are decreasing day by day.
This is a country where more people follow economic indicators than anywhere else. Therefore, the news closely follows data on interest rates or inflation for the public and the likelihood of their maintenance. Today, it is easy to obtain returns above 5 percent, inflation is estimated to be at 4 percent, the lowest level of the last two years, but there is a risk of rising again.
A little It’s ironic that President Biden often brags about the success of his “anti-inflation bill” Therefore, although the price increase in the USA is almost less than in the rest of the world, it remains outside the norms that the Central Bank can accept.
. The same thing is happening in Western economies such as the European Community, Korea or Japan, which live on the tuning fork of North America, or even in India, which is now at a significant stage of development and would suffer greatly from a contraction.
And also Similar things happen on different systems Like the big Chinese giant, if it’s a giant… because it sells to the gringo empire
Desert kingdoms, whose oil products remain vital despite environmental efforts, appear more protected, but the reality may become less appealing given the growth programs they have initiated as well as the investments they have made elsewhere to diversify their economies and protect themselves against possible disaster. An ecological future where oil loses its appeal.
If we go back to our Western economies, we have already seen that there are not as many sacred cows as people think. It is enough to recall the bankruptcy of the financial giant Lehman Brothers in the United States or, more recently, the bankruptcy of the Swiss banking giant Crédit Suisse. Both financial companies appeared solid as granite and were meccas of big capital from all over the world.
In theory, the North American government guarantees bank deposits up to a relatively high limit, but if serial bankruptcies occur in the case of financial institutions, this will also affect the US public coffers. A global chain reaction that may remind us of the 1929 crisis.
And as we think about this crisis, it’s worth remembering that it was overcome not just by discipline, austerity, time, or then-President Roosevelt’s reactivation measures, but by rising international tensions that many believed would be a challenge. An important factor to reach the second World Cup…and the revival that war conflicts can bring.
In our overpopulated world, where powers have the capacity to destroy the rest of the planet with only a fraction of their atomic arsenal, the idea of war seems unthinkable.
Optimists may view the situation this way, but it is equally It is unthinkable that crises will increase and strangles even the richest without military consequences. Maybe the solution is not war, but other solutions are a question that no one can find the answer to right now.
For now, the only thing visible is financial control measures that will fatten the pockets of those with excess money. It will make the rest of us feel poorer. There is nothing new in this: when it comes to times of famine, it is the weakest who suffer the most.