Corporations one after another are claiming they're laying people off because AI has made them so much more efficient. But all the layoffs were predicted by those who saw the end of the last credit cycle coming. What an interesting coincidence.
AI hype may have kept the stock market bubble going a bit longer, but it could not avoid recession in the real economy. Interest rates increased significantly since post-scamdemic and these are the inevitable (and necessary) results.
Instead of telling the truth, they are making the downturn worse by cranking up the economic pessimism to 11 in an apparent bid to save face / increase shareholder value. Or is it part of the larger agenda to push government control via UBI?
Either way, despite AI being a useful tool, it will be like the internet. It ends up creating more jobs by opening up new possibilities and increases demand for better quality services (hedonic adaptation).
So it's a recession, and we've seen many before. It could even be a depression with how distorted the market became with decades of low interest rates.
Most are aware of the infamous "Sampson Option" where Israel will try to take the world down with it if it ever believes it will be conquered.
For this reason, the Beast system, the goy nations that the Harlot uses, will need to wipe her out in quick and dramatic fashion.
This is confirmed in scripture where it states "her plagues will come in one day—death and mourning and famine. And she will be utterly burned with fire" -- Revelation 18.
It will be so swift in order to avoid the Sampson Option.
"But Jerusalem can't be the Harlot", some will say. There is a body of serious scholarship saying it is. One notable scholar is Israel supporter Chris White, who after careful study went from believing the antichrist is Muslim to realizing he is a Jew ruling from Jerusalem, and that the Harlot is in fact Jerusalem.
Whether planned or not (they've at least been planning FOR this inevitable situation) it seems like the US is headed for a real sovereign debt crisis.
They've been spending like drunken sailors in "peace time" for decades now and now we're sitting at record debt to GDP levels in a nasty stagflation period, and to top it all off several trillion dollars of debt needs to get refinanced at higher interest rates than before. Debt interest payments are already too high, nearly the amount of the military budget.
Central banks around the globe have been stock piling gold and driving up the price. Even large firms like Blackrock came out recommending and buying gold in 2024 and 2025 https://www.blackrock.com/us/individual/insights/stay-long-gold. These firms are revaluing their price targets for gold to gold bug levels for the coming years.
Add to this multiple billionaires warning about the debt crisis. Billionaire Jamie Dimon is issuing strong warnings about the bond market and the market in general.
'You are going to see a crack in the bond market. It is going to happen,' Dimon told the economic forum, predicting it could appear in six months to six years. 'I'm telling you it's going to happen, and you're going to panic. I'm not going to panic." https://www.dailymail.co.uk/news/article-14766139/jamie-dimon-warning-trade-china-enemy-within.html
All that points to a real sovereign debt crisis for the USA, which you can bet your bottom dollar TPTB will take full advantage of.
People have been warning about it for decades now but we're finally there.
I was looking up places to rent in California today. I looked at dozens of these listings for 1 bed 1 bath and 2 bed 1 bath apartments (and houses) well north of $1000. I was thinking, hey this could be manageable on a California salary. But wait. When I read the fine print, they are all just looking for roommates. All of them.
Anyone else remember when you were getting a huge discount if you were willing to live with roommates? Not $1200, $1500 or $1600 a month. It was more like $400. This is just nuts.
It's all due to asset inflation. We should hope that Trump does crash the economy to get these prices back to something sane.
