Will the American economy collapse?
All around the world, men and women are experiencing a severe economic crunch not seen since the depression of the 30s or the oil shortage scare of the 70s — and this is relentlessly affecting our quality of life.
Yes, It might already be here …With trillions being signed up for the new Bill ,it might not happened ,but before Year 2023 ,anything can change especially when the Pandemic is Not over and their attempt to speed infrastructure runs will ram into major virus mandate hurdle for now and on the side line a Possible USA — China Conflict is looming and the trigger could be caused from the worsening economic factor or due from Iran , Taiwan and or even North Korea
Is the Hyperinflation Already here ?
In America, imports have grown and production has shrunk. Most products are now made in other countries where labor is cheaper. Manufacturers say Americans want to work, but only on their own terms.
Americans are having a difficult time adjusting to a global economy as the domestic demand is weak and the dollar value declines. We search for happiness and prosperity in a world of change and scarcity.
The Economy Might Improve after the Bill Start redriving up the economy
One thing we can depend on is that the economy is always in transition — it goes up and down. We’ve always seen bad times become good again and with proper belt tightening and planning, we can survive all problems — including this economic crunch…but for Now Inflation is shooting up Way high , Hitting through the roof of Inflation into Possible Hyperinflation Realm
Our economy, despite high prices almost everywhere, is still showing some positive growth. Credit is tight and so are household budgets. Families are cutting back, even doing without, to make ends meet.
What Happens When Inflation Gets Out of Control?
History has consistently shown that too much inflation is detrimental to an economy. When the money supply expands too much, it causes rapid, excessive, and out-of-control price increases of +50% or more per month—or hyperinflation. Hyperinflation usually occurs when a central bank expands the money supply too much and too fast during tough economic times.
Hyperinflation negatively impacts an economy in several ways, such as:
• The native currency’s value falls relative to others and has significantly less purchasing power.
• Consumers stockpile goods in anticipation of higher prices, causing supply shortages.