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'The worst is yet to come' for the global economy, IMF warns
Devex ^ | 10/11/22 | Shabtai Gold

Posted on 10/16/2022 2:52:04 AM PDT by EBH

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To: SaveFerris
Klaus Schwab wants you to eat bugs by the non-carbon-producing, gender-neutral campfire.

I didn't realize camp fires even had genders...😀

21 posted on 10/16/2022 6:16:44 AM PDT by mac_truck (aide toi et dieu t'aidera )
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To: EBH
inflation will hit the lowest-income people and countries the hardest.

WEF did this. The hand that works Schwab's pie hole are doing this to murder the world's population.

22 posted on 10/16/2022 6:16:50 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: EBH

“For most people, it will FEEL like a recession.”

but we repeat, it is NOT a recession, because if we SAY it’s a recession, then we’ll be banned by the fascist social media ...


23 posted on 10/16/2022 6:32:02 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: catnipman; EBH

But you must remember. Leftwingers are incapable of thought, of reason. Their actions result from feelings.


24 posted on 10/16/2022 6:34:21 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: EBH

Bingo


25 posted on 10/16/2022 6:44:18 AM PDT by Vaduz ( )
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To: P.O.E.

The Covid hoax was the start to shut down the world’s economies, it failed. Now
We have the Ukie war which is draining the West.

Do remember, both Biden and the WEF motto is “ Build back better”. Many financial greats have stated it looks as if governments ( collusion?) and private organizations want a total economic crash, the $300 trillion of the world’s total unpayable debt gets “ forgiven”, wiped out, long story short, a total rebuilding from square one.

I monitor the rush to a sovereign, cashless, digital currency. When ( not if) the next crash comes, digital currency will be instated by promises that they can save your 401, pension, etc…people will rush to it like they did the Covid vax hoax.

England ( BOE) just stated their pensions are now on the block, pensions invested in their bonds have 14 days to “do something “. Fact is, the West is in big, big unpayable debt trouble. Monitoring the EU banking system would be a good indicator of “ when”, do remember our 2008 crash originated out of England. Bear Sterns was hooked at the hip with insolvent Scottish and English banks, they went down just weeks before the Bear Sterns insolvency, which was “ officially “ cited as the cause.

As for now, keep your eyes on Credit Suisse and Deutches bank, they are the most likely ones to kick off the next worldwide financial crisis. Financial data shows they alone are on the hook for more than 1 trillion in unpayable debt.


26 posted on 10/16/2022 6:47:15 AM PDT by delta7
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To: Sooth2222

They can see it, they do not want panic


27 posted on 10/16/2022 6:51:12 AM PDT by EBH ( 1776-2021 May God Save Us.)
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To: EBH
IMF, WEF and O'Biden will make sure of it.

28 posted on 10/16/2022 6:52:55 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: blam

The Democrats are tryng to so damage our energy generating capability that even Trump will not be able to correct it.
————
No one can correct it. Our $30 trillion in debt is unpayable. The world’s debt is estimated to be over $318 trillion, ALL of it is unpayable.

The time is coming, when? Who knows, but the dominoes are beginning to fall. BOE announced all pensions are now at risk. Look for a worldwide “ Shemitah “ to occur.


29 posted on 10/16/2022 6:56:16 AM PDT by delta7
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To: KierkegaardMAN

The shelves won’t be empty, you just won’t be able to afford the price of a load of bread.

Others are already complaining they cannot withdraw cash from the bank without being harassed. Small amounts, not 10K levels, more like between 2-5K.

Tellers claiming they do not have that much cash on-hand?

Weird stuff is happening.


30 posted on 10/16/2022 6:58:42 AM PDT by EBH ( 1776-2021 May God Save Us.)
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To: delta7

US Confederate currency going for some nice prices on Ebay - some over and above face value.

So hold on to your US currency. In 160 years or so it might be back to being worth face value.


31 posted on 10/16/2022 6:59:19 AM PDT by P.O.E. (Pray for America.)
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To: delta7

More:

https://www.cnbc.com/2022/10/06/bank-of-england-says-pension-funds-were-hours-from-disaster-before-it-intervened.html

https://markets.businessinsider.com/news/bonds/uk-pension-funds-avoided-collapse-bank-of-england-bond-purchases-2022-9?op=1

Fact is, the BOE is out of money. They are now trying to avoid panic. It is unavoidable.


32 posted on 10/16/2022 6:59:42 AM PDT by delta7
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To: Sirius Lee

Yay! Burn it all down!


33 posted on 10/16/2022 7:24:55 AM PDT by Bulwyf
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To: delta7

If I was the leader of one of the world’s strongest militaries, I’d be mighty tempted to just wipe out debt and say we don’t pay commies.


34 posted on 10/16/2022 7:26:52 AM PDT by Bulwyf
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To: metmom; EBH; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; 300winmag; ...
Prepper ping - Do you think it's bad now ? Just you wait until next year - (2023) ?
Post pandemic shutdowns, floods and drought, food and fertilizer shortages,
fuel shortages for personal transportation and product distribution
"Global growth is forecast to sharply decelerate from 6% last year to 3.2% this year and again slow next year to just 2.7% "

metmom: "All according to plan"

" Moreover, IMF is warning that the repercussions won’t just be short-term. Many lower-income nations are expected to suffer economic woes “for years to come,”
especially those that have not fully recovered economically from the COVID-19 pandemic,..
"

"What’s next: IMF says risks remain tilted to the downside, meaning things may get even worse than the baseline forecast.
For example, next year has a chance of seeing growth sputter to below 2%, an historically low level that would be a real cause for alarm. There is a possibility it could be even worse.
Further, food and energy shocks remain serious risks, especially with the U.S. dollar getting stronger, pushing up inflation.
The energy crisis is likely to have serious ramifications, with IMF keeping a close eye on Europe.
“Winter 2022 will be challenging, but winter 2023 will likely be worse,” Gourinchas said.

(My Comment) :Let me repeat : " Global growth is forecast to sharply decelerate from 6% last year to 3.2% this year and again slow next year to just 2.7% "
“Winter 2022 will be challenging, but winter 2023 will likely be worse,” Gourinchas said", in the article.

35 posted on 10/16/2022 8:22:22 AM PDT by Tilted Irish Kilt
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To: Tilted Irish Kilt
See : " Double! US Diesel Prices Rising Again (UP 100% Under Biden)
As Inventories Have Shrunk By -37.5% (And You Wonder Why Inflation Is Soaring?)

https://freerepublic.com/focus/f-news/4100870/posts"

36 posted on 10/16/2022 8:28:14 AM PDT by Tilted Irish Kilt
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To: EBH

Right you are.
We’re in a serious recession now; the depression is coming soon.


37 posted on 10/16/2022 8:40:46 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: EBH
For most people, it will feel like a recession.

If it walks like a duck, quacks like a duck, and swims like a duck...it's a duck.

38 posted on 10/16/2022 8:43:29 AM PDT by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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To: Tilted Irish Kilt

“Global growth is forecast to sharply decelerate from 6% last year to 3.2% this year and again slow next year to just 2.7% “

So we go from inflation to a recession/depression where prices&payrolls drop?


39 posted on 10/16/2022 8:56:08 AM PDT by CottonBall (“Fascism should be called corporatism because it is a merger of state & corporate power" - Mussolini)
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To: CottonBall
CottonBall :" So we go from inflation to a recession/depression where prices&payrolls drop? "

Yup, and who steps up and promises a recovery ?
Why of course, it is the World Economic Forum (WEF) ,
the same ones who began all this man-made series of crises.
It's all about control and a Socialist establishment for the "elites",
that's why I refer to it as a return to "Feudalism" and fiefdoms.

40 posted on 10/16/2022 9:05:39 AM PDT by Tilted Irish Kilt
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