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The 4-8 year period beginning in February of this year potentially will contain three or more official recessions and come to be referred to as the Depression of the 2020s.
The money-supply situation today could not be more different from the money-supply situation during the early 1930s*.
Because of the way the Fed measures "inflation", for the Fed to achieve its 2% "inflation" target, the average American's cost of living probably has to increase by at least 5% per year.