The world economy is being strangled by Washington. Looks like the Fed is doing the classic "inflate, create a boom and then raise rates and pull the rug out". This is how they can destroy the middle class by destroying their jobs, savings(banks going out of business), pensions(pension funds hold govt bonds as assets, raise the rates and the assets fall and the funds go insolvent), residential property values and commercial property values. And then the the central banks will buy up everything for pennies and the destitute middle class will beg for CBDCs and chicken coop housing.
China is already feeling the pain, they are in serious trouble. The tell tale sign of what's happening is the dollar value going up fast. There is a shortage of dollar funding. Money is tight. With real rates rising even gold and bitcoin are feeling the heat. Ed Dowd predicted this , he called it " the dollar will fail up". The last surge of the candle flame before it extinguishes entirely.
