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RE: The Recession Events (What will Happen During this Recession)

in Project HOPE6 years ago

You know, so many things are going to happen in this recession or like you call it, beyond recession and i can say we might first have a deflation then a high inflation before things normalize and this things will not happen in weeks rather we are talking about months or years. So many companies will close their businesses due to deflation while and then the populace will suffer from an immediate inflation.

It has been a thing of record that world power changes hand every 50-100 years and i think the United state have held that mantle for a very long time. Being a world power comes with a lot of benefit like using the country's currency as a pair standard value for other currency and as the reserve currency and this has made the US print out more money and get into debt with no fear of having its currency losing its value. US in in over $40 trillion debt but since the dollar is a standard for valuation, it isn't visible. If it were to be another country in $40 trillion debt, they would have been a 3rd word country by now. So there need to be properly recalibrate the world reserve and in other for that to happen, the US will have to leave world power and this will crumble the US economy. Trust me, the US isn't willing to give up this title for anything and that is why they have been against China or any other country trying to hold the economy of the world. If the United States will have to forfeit that sit, it might come with a war.

Thanks for the comment.

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 6 years ago 

Love to see how responsive you are buddy

Thanks a lot, i would have replied to the othe comments faster but i was admitted to recieve treatment and get my leg bandaged 😃😃😃

 6 years ago 

hope your ankle is getting better. do not walk to much now