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Video: Excessive Borrowing and Money Creation is Delaying the Inescapable Depression

By Tom Winnifrith | Thursday 1 February 2024


 


Former asset manager Peter Grandich believes that the much-anticipated recession hasn’t yet arrived due to rampant money creation and continuous borrowing. He challenges the Bureau of Labor Statistics’ data, believing its reported market conditions to be milder than reality. He spotlights the increasing number of Americans relying on food banks, living paycheck to paycheck, and articulates his belief that an impending recession is not a matter of “if,” but “when.”
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