The Global Domino Effect: How a U.S. Recession Could Topple Economies Worldwide
Concerns about a potential recession in the United States have triggered a global sell-off in stock markets, particularly impacting technology shares after a disappointing employment report revealed only 114,000 jobs were added last month, significantly below expectations. The Nasdaq index fell 2.4%, nearing correction territory, while European and Asian markets also experienced steep declines, with Japan’s Nikkei 225 suffering its worst day since 2020.
Weak manufacturing data and disappointing earnings from major tech firms like Intel and Amazon exacerbated the downturn. This led investors to reassess the economic outlook and anticipate possible interest rate cuts by the Federal Reserve in response to the cooling job market and rising unemployment rate. As fears of a recession mount, investors increasingly flock to safe-haven assets like gold, reflecting a broader shift in market sentiment.
Editor’s Note: The fear of a recession in the United States is causing much concern worldwide. When the U.S. economy slows down, it can greatly impact other countries, especially those already struggling with high inflation and lower incomes. This is because the U.S. is a major market for goods and services from other nations. If Americans start buying less, it means less money flowing into the economies of countries that export to the U.S.
One reason for this potential recession is the global shutdown during the COVID-19 pandemic. When the world reached a standstill, it disrupted supply chains and sharply dropped economic activity. Even though things have started to recover, the effects of that massive slowdown are still felt. Businesses and consumers are more cautious, and there are concerns about the long-term impact on jobs and growth. [We predicted this early on, read COVID-19 PANDEMIC: THE PHILIPPINE EXPERIENCE. Also read World’s Economic Meltdown Are Rooted In 2020 Lockdowns, Great Reset: China’s lockdowns affecting global supply chains].
If a recession occurs in the U.S., it could make life even harder for people in countries already facing tough economic times. Poverty and inequality might get worse, leading to social unrest and instability. The immigration crisis in the U.S. and Europe could also get worse as people look for better opportunities abroad. [Remember what we told you at the beginning of the year? This year will be filled with all kinds of challenges, read 2024: PLUNGE INTO DESTRUCTION OR BIRTH OF A NEW HUMANITY?, Understanding The Great Reset and Its Attack on Humanity: Part 1, Understanding The Great Reset and Its Attack on Humanity, Part 2: How the Different Attacks Reinforce Each Other, Understanding the Great Reset and Its Attack on Humanity, Part 3. Human Extinction].
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History has told us that the old silver coins has been recalled and individual gold deposits were converted into paper. a long time ago by government (same happened in several countries). A bulk of these gold were remelted and deposited in the Bank of International Settlements in Switzerland. Imelda Marcos with all those “paper proofs” of gold deposits in several countries can no longer recover the physical gold back. Its already in the control of the globalists and their puppet masters. Now we can see who has the power to restore the economies worldwide if there is a collapse. Those who has the control of much of these gold and convert them into “digital currencies” as loans to everybody has the power to do so. If we are going to accept their new system, they have succeeded in stripping us of wealth and we will “Own nothing and be happy by 2030” with loans.