Latest news about Economy

Kim Dotcom, an entrepreneur and activist, wrote on Twitter on June 5, 2022, that this 'may be the most important thread' he ever writes about a major global collapse. In the thread, Dotcom talks about the economy of the United States and says, 'The U.S. is beyond bankrupt.' Dotcom also talked about the 'Great Reset' and how a 'New World Order' wants to 'shift into a new dystopian future where the elites are the masters of the slaves without the facade of democracy.'

The American economy continues to look bleak, and indicators of an impending recession continue to emerge. Goldman Sachs' chief economist stated last week in a note to clients that the bank views the "odds of a recession as around 15% in the next 12 months and 35% in the next 24 months." Additionally, John Mauldin, a prominent financial expert, states that he would not be surprised if the stock market plummeted by 40% this year, as he believes a recession is imminent.