Economists at the Federal Reserve (the United States central bank) said they expect a “mild” recession later this year, an escalation from their previous assessment. The staff expects the economy to dip into recession following the “banking crisis” that is likely not over yet.
“Given their assessment of the potential economic effects of the recent banking-sector developments, the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years,” according to the publicly posted minutes from the meeting, which took place over March 21-22 right after the collapse of Silicon Valley Bank and Signature Bank.
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We are the slaves and the central banks are running the show, Greg Mannarino says in a recently uploaded video:
The Federal Reserve is crushing the consumer and killing off the economy. The goal of the central banks is to stave any small businesses to transfer the wealth to the top, Mannarino said.
While several economists, including the International Monetary Fund, have said the United States and global economies face a higher risk of recession after the recent bank failures, the Biden administration has painted a rosier picture, with Treasury Secretary Janet Yellen saying she does not anticipate a “downturn” in the U.S. economy.
According to a report by ABC News, White House press secretary Karine Jean-Pierre argued that economic indicators say “we are not headed to a recession or pre-recession.”
“Recent economic indicators are not consistent with a recession or even a pre-recession. And you can just look at the data: Twelve-point-five million jobs have been created since he took office — twelve-point-five million jobs. We’ve gained all the jobs lost during the pandemic and created three million more jobs. And so, unemployment is a near 50-year low, and black unemployment is at a record low. Annual inflation has fallen over the last nine months,” she said.
Once the dollar is no longer the reserve currency and the economy completely collapses, we will see the digital slave system rollout, and it’s going to be far more oppressive than the slave system we are living under now.
This is deliberate, says Mannarino. They plan to starve us out, create more slaves, and prevent escape from their system.
Article cross-posted from SHTF Plan.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
