Global inflation is a huge threat to the U.S. economy. The threat is that the U.S. economy will be dragged down by a worldwide inflationary spiral, which would result in a worldwide recession and possibly a depression.
The reason for this increase in oil prices is that there is not sufficient spare capacity to produce more oil if demand increases, due to environmental restrictions on drilling and refining processes. The only alternative left for producers of oil to meet increased demand is to raise prices, and this will cause other prices to rise, thus triggering an inflationary spiral that could drag down economies all over the world.
Do you think oil is underpriced or not?
This factor does not mean that deflation cannot occur under these circumstances; it just means that it is more likely for an inflationary spiral to occur instead of deflation. This makes investment decisions even more difficult than they were before due to the greater uncertainty regarding economic conditions in the future (see discussion above). the purchasing power of common people. Due to the increasing prices and global risks, people experience deep concerns about their future plans.
It gets extremely difficult for the government to secure sufficient tax revenues to run a deficit in deflations. This means that the government will be forced to cut spending, most likely on social programs such as education and health care. This could lead to a rise in unemployment and poverty, which would further reduce tax revenues and increase the size of the budget deficit.
If this were to happen, it would mean that we have entered a vicious spiral of falling prices, rising unemployment and growing debt that could end in a hyperinflationary disaster (see discussion above). If this were to occur, there would be no way out other than accepting an international currency or even abandoning the dollar altogether.
This is why it is so important not only for you but also for your children's future that you do everything possible to protect yourself from these dangers. When the time comes, you may have no choice but to accept an international currency or some other form of money that is not based on debt. You need to be prepared for such an event so as not to be taken by surprise by this development.
How can we escape these dangers? The answer lies in our ability as individuals who are responsible for our own financial situation. We must learn how our current monetary system works, understand its weaknesses and take action ourselves if necessary before it is too late!
Crypto, Gold, Stocks or anything that is possible to perform better than USD might be your exit plan from the deep turbulence!
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