There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.
Really, you think that the war between Russia and Ukraine is what is causing the fear of recession? You have to stop consuming mainstream media and wake up to reality my friend. Money printing, or "Quantitative Easing" is one of the many symptoms of what the world is yet to face and the coming recession stems all the way back to the abolishing of the Gold standard during the Nixon era in the 70's which debased the reserve currency. The Global Financial Crisis of 2008 without bailouts is what should have been the result of all of the war funding and garbage actions that the US and its servants/accomplice foreign powers made since the abolishing of the gold standard. This global recession is not as a result of COVID or the war with Ukraine. It spans much longer than that, and what's coming will be comparable to the fall of the Roman empire who faced similar consequences for debasing their currency.
Maybe a little? I have never heard of this before, so I can't say that I have consumed media so much, because if I did, I would have heard this, it's the first time I am hearing this thesis. However, I would say that it is not the main reason, but I can't say it's 100% irrelevant neither, it's definitely has something to do with recession.
Because many nations sent billions of dollars worth of aid, which means that it cost some inflation, which means the rates went up, which means that less people grew, and more people invested and that could cause recession. It's basically lack of growth and when the money goes to cover for pandemic and oil and Ukraine, then it's possible to have recession. Just my thoughts though, maybe I could be wrong.
It's all baloney. Not the event itself, or the money sent in "aid", that's definitely not baloney. I mean that the whole event, its causes, its
vested interests is all preposterous. It is
definitely not a
major factor as to why a recession is coming. It is minor at best.
There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.
Really, you think that the war between Russia and Ukraine is what is causing the fear of recession? You have to stop consuming mainstream media and wake up to reality my friend. Money printing, or "Quantitative Easing" is one of the many symptoms of what the world is yet to face and the coming recession stems all the way back to the abolishing of the Gold standard during the Nixon era in the 70's which debased the reserve currency. The Global Financial Crisis of 2008 without bailouts is what should have been the result of all of the war funding and garbage actions that the US and its servants/accomplice foreign powers made since the abolishing of the gold standard. This global recession is not as a result of COVID or the war with Ukraine. It spans much longer than that, and what's coming will be comparable to the fall of the Roman empire who faced similar consequences for debasing their currency.
After all, recession or economic crisis is a cycle that repeats itself, it is part of the world economy and will never go away. Even if we don't abolish the gold standard, there will be recessions in different ways. But regardless of the reason for the recession or crisis, the world economy will always recover after that, and that is how the world economy works.
Sometimes a recession is not necessarily a bad thing, there will be many people going bankrupt and difficult, but also, many people will change their lives from the recession.
It is a part of the fiat money system, the system that involves printing more money than the assets that backs the money that is being printed. Recession would not exist if every dollar was backed by an asset as was in the system of the Gold Standard. This paired with responsible/viable borrowing would mean that things would grow and evolve at a natural pace. Instead, money is printed and lent via a broken "fractional reserve" system ($10 lent per $1 deposited into the bank) and the debt ratios are thrown way out of whack...causing things to grow unnaturally, unnatural things to be financed, greed driven evolution, etc.
Mo' unbased money, Mo' problems.
