You heard it on MSNBC, friends. The United States economy is soaring, brilliantly outpacing growth of the past quarter....
Except for these funny headlines, everything seems right in bizzaro Murdoch-Disney Mainstream State Journalism:
Americans owe a record $1.1 trillion in credit card debt, straining budgets
Furthermore, the US administration has seized and will likely embark upon using those funds to participate in a major world war. The Russian President Putin has stated he will retaliate for the use of these funds by imposing symmetrical sanctions/freezes on US economy.... That doesn't sound like a very thrilling future for the US soaring into a healthy, robust economy!
Americans are spending the biggest share of their income on food in 3 decades with cost of living now higher than 1/3 in 2023 where we saw similiar increases in food costs and various living expenses.
What ever happened to a cold splash of water, as in the 2020's where telling the truth was, well, journalistic...
According to a cursory Google search, the economy of Russia provides these imports to the US:
"In 2021, 7.9% of U.S. total imports of Oils and Minerals, Lime, and Cement were from Russia. Additionally, Russia accounted for 2.5% of US Imports from the World in both Base Metals, Iron, Steel, Tools and Stone, Glass, Metals, Pearls."
That may mean only certain industries will be hit by additional sanctions due to the World War. But you have to think bigger picture. The other countries and various agreements around these industries and imports will have a resounding recessionary effect on all other industries - from microchips to putting food on the table for common American families.
The recessions are here to stay.
-- The Feds will not be able to stop hyperinflation because they are unwilling to change their war path.
Furthermore, other driving forces prevent them from doing so, we are looking at a very messy, chaotic and deeply starved year in all economies involved in war.