{"id":63770,"date":"2022-10-11T18:15:36","date_gmt":"2022-10-11T23:15:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63770"},"modified":"2022-10-11T18:15:36","modified_gmt":"2022-10-11T23:15:36","slug":"even-the-banksters-are-being-forced-to-admit-that-the-u-s-economy-is-really-starting-to-come-apart-at-the-seams","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63770","title":{"rendered":"Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/theeconomiccollapseblog.com\/even-the-banksters-are-being-forced-to-admit-that-the-u-s-economy-is-really-starting-to-come-apart-at-the-seams\/\">Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\">\n<div><\/div>\n<\/aside>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/even-the-banksters-are-being-forced-to-admit-that-the-u-s-economy-is-really-starting-to-come-apart-at-the-seams\/fear-emoticon-pixabay\/#main\" rel=\"attachment wp-att-20527\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-20527\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2022\/10\/Fear-Emoticon-Pixabay-560x466.png\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" srcset=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2022\/10\/Fear-Emoticon-Pixabay-560x466.png 560w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2022\/10\/Fear-Emoticon-Pixabay-300x250.png 300w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2022\/10\/Fear-Emoticon-Pixabay-768x640.png 768w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2022\/10\/Fear-Emoticon-Pixabay.png 1280w\" alt=\"\" width=\"560\" height=\"466\" \/><\/a>It\u2019s wake up time.\u00a0 For months, there has been a tremendous amount of denial out there.\u00a0 So many of the \u201cexperts\u201d assumed that the Federal Reserve and other central banks had everything under control and that things would \u201creturn to normal\u201d before too long.\u00a0 But that hasn\u2019t happened.\u00a0 Instead, the wheels seem to be coming off the bus and nobody seems to know what to do.\u00a0 The Fed appears to be determined to keep raising interest rates in a desperate attempt to fight inflation, and this has forced other central banks all over the globe to raise rates as well in order to keep their currencies from absolutely tanking.\u00a0 But all of these interest rate hikes are taking us into a major global economic downturn, and central bankers in Europe are literally screaming at the Fed to end the madness.<\/p>\n<p>But the Fed is not going to end the madness, and so things are going to get really bad.<\/p>\n<p>In fact,\u00a0<a title=\"Bank of America\" href=\"https:\/\/www.cnn.com\/2022\/10\/10\/economy\/jobs-recession-unemployment\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">Bank of America<\/a>\u00a0is now projecting that the U.S. economy will lose 175,000 jobs a month during the first quarter of 2023\u2026<\/p>\n<blockquote><p>As pressure from the Fed\u2019s war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.<\/p>\n<p>\u201cThe premise is a harder landing rather than a softer one,\u201d Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview Monday.<\/p><\/blockquote>\n<p>In my opinion, if our job losses are that small during the first three months of next year I think that will be a huge win.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams It\u2019s wake up time.\u00a0 For months, there has been a tremendous amount of denial out there.\u00a0 So many of the \u201cexperts\u201d assumed that the Federal Reserve and other central banks had everything under control [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,5298,124,303,431,4901,534,7452,827,3650],"class_list":["post-63770","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-banksters","tag-central-banks","tag-fed","tag-interest-rates","tag-michael-snyder","tag-monetary-policy","tag-the-economic-collapse-blog","tag-united-states","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63770"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63770\/revisions"}],"predecessor-version":[{"id":63771,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63770\/revisions\/63771"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}