World Bank Warns Of GLOBAL RECESSION | Breaking Points with Krystal and Saagar

Krystal and Saagar present findings from the World Bank warning of a global recession due to global interest rate hikes

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[Socialpsychotics]

Perhaps they should've let the banks fail in '08. Or at least set up provisions that would have blocked share buybacks with taxpayer money, forcing businesses to invest in development instead of rewarding bad decisions.

[calvinstrom]

The benefits of a global economy. When one leg breaks everyone crashes. But hey this had nothing to with poor monetary policy for the last 15 years. When you super charge an economy you are going to supercharge the fall.

[outdoorboss]

Why don’t we just change the definition of worldwide recession?

[danielmarcantuno]

But Biden said inflation is only up an “inch”. 😅

[williamparker]

When are you going to interview Whitney Webb about her new book on Epstien's connections to government and organized crime? Get on it!

[KonigGustavAdolph]

But, I heard Joe on 60 minutes and he said it's all good!

[Zachary-Daiquiri]

Nobody should be setting interest rates. The phillips curve is a scam and the price of credit should reflect the supply of credit.

[yokothespacewhale]

Let’s just redefine recession again. Or print more money. You know whatever. They’re the smart ones I’m sure they’ll figure it our.

[ablindwatchmakerUT]

We will never again be able to look toward the future with optimism, like I did growing up. The initial promise of technology, globalism, urbanization and centralization has fully revealed itself to be a lie. We went down the wrong fork in the road and there’s no turning back. Based on the leadership on both sides of the aisle, and the general moral degeneration of most Americans, I see no chance of a good future, for most.

[paulwheeldreyer]

I think Krystal's position is "they should never raise interest rates because it could cause a recession." This is the problem, they should have raised interest rates long ago. They didn't want to because the Obama recovery was so weak, they were afraid to raise the rates. So now we're here, the people who praised the Obama administrations, said the economy was great, and wanted to continue the fake economic growth facade for years are now seeing what happens. You can't spend trillions of new money, pretend to be surprised by inflation, then demand the FED doesn't raise interest rates.

[marialeemlb]

Really frightening times as we head into fall/winter

[Senorzilchnzero]

there is is. Was wondering how long it'd take for others to catch up

[Mondegreen]

Totally by design. WEF benefits greatly by impoverishing people & centralising both wealth & control. Health mandates, climate mandates, aggression towards Russia for years ... everything is lining up beautifully for WEF. USA MIC is also driven by desire to preserve hegemony. We need a world of neutral, strong, diplomatic nations, which may include RSA, India, Brazil etc, & ahould've included Ukraine. Instead, we submit to our new unelected overlords. 🕊

[lxbanos]

Governments around the world need to hyper focus on building infrastructure for energy independence. Everything stems from energy.

[Titzmcfloppin]

Time to change the definition of global recession! USA! USA! USA!

[harpstermatt]

We're going through a currency crisis. USD money printer can't stop printing.

[jthan]

This has been said over and over again- the economy is crashing, we’re all going broke. But wtf are we able to do about it? All this doom and gloom just makes it worse. Best thing to do is just ignore the news and negativity, but continue to focus on yourself. It’s insufferable.

[rirapart]

In India last year, when oil prices were low, India did not dramatically reduce prices, instead many times they raised price, only sometimes reduced it.
We all cursed the government for not reducing oil prices.
But just in September, many countries like Indonesia, Bangladesh and other countries had to raise price by 30℅ . This was a huge shock to public, and they are protesting rightfully.
But here in India, we are relatively better and well prepared and our economy and growth is doing really well.
So good fiscal policies (not only oil), patience, luck and foresight has helped India.

[Necropheliac]

But I thought the president said there was no recession?

[alhainmccallister]

I don't think that it is a warning so much as a reveal of their plans.