The us has already been in recession off and on since early 2022. There were 2 quarters of negative growth (4th of '21 first of '22) Which should have been called a recession. But in the usa it is only a recession if it gets announced as one by the National Bureau of Economic Research (founded by the Rockafeller and Carnegie foundations who got their money from the murder of union members and other gangster capitalism) They just said “well technically it is a recession but this one isn’t really for reasons.” Then biden pumped up the numbers with the chips act and stuff. (economics is just an occult practice. The NBER is just like the priests who decipher the Oracles at Delphi and just as will to change the rules to fit their personal interests.)
At least 25% of america’s GDP is just people handing ownership of companies back and forth and calling it “productivity.” (Financial services were excluded from GDP calculations until 1993. The change brought false confidence which propped up the dot com bubble and made the crash all the harder.)
Real production in the usa has been in decline since the late 80s and “financial services” have more than made up the losses. Wall street bankers trade the hollowed out husks of american industry back and forth charging more and more each time. (This is why the idea of buying bitcoin doesn’t seem insane to them. When you have spent decades trading companies whose material output has nothing to do with their “productivity” or value measured in dollars, the idea of trading something with no material production doesn’t sound far fetched on the contrary it sounds great because there are no pesky real world factors to get in the way of “economics.”)
So whether the usa will go into recession “officially” or not is kinda irrelevant. Things will get worse for the working class. The bourgeoise might make a stink and claim they are losing tons of money but their power over the working class will just continue to grow.
The us has already been in recession off and on since early 2022. There were 2 quarters of negative growth (4th of '21 first of '22) Which should have been called a recession. But in the usa it is only a recession if it gets announced as one by the National Bureau of Economic Research (founded by the Rockafeller and Carnegie foundations who got their money from the murder of union members and other gangster capitalism) They just said “well technically it is a recession but this one isn’t really for reasons.” Then biden pumped up the numbers with the chips act and stuff. (economics is just an occult practice. The NBER is just like the priests who decipher the Oracles at Delphi and just as will to change the rules to fit their personal interests.)
At least 25% of america’s GDP is just people handing ownership of companies back and forth and calling it “productivity.” (Financial services were excluded from GDP calculations until 1993. The change brought false confidence which propped up the dot com bubble and made the crash all the harder.)
Real production in the usa has been in decline since the late 80s and “financial services” have more than made up the losses. Wall street bankers trade the hollowed out husks of american industry back and forth charging more and more each time. (This is why the idea of buying bitcoin doesn’t seem insane to them. When you have spent decades trading companies whose material output has nothing to do with their “productivity” or value measured in dollars, the idea of trading something with no material production doesn’t sound far fetched on the contrary it sounds great because there are no pesky real world factors to get in the way of “economics.”)
So whether the usa will go into recession “officially” or not is kinda irrelevant. Things will get worse for the working class. The bourgeoise might make a stink and claim they are losing tons of money but their power over the working class will just continue to grow.