The Great Depression started with a dramatic bang – the stock market crash – but not every incident of economic turmoil begins like that. Many traumatic events begin with a whisper.
A tweet praising President Joe Biden for overseeing a large increase in social security checks was quickly taken down after a ‘context-check’ noted that the increase was actually due to an automatic adjustment triggered by skyrocketing inflation.
While governments artificially lower demand for traditional energy products like coal, oil, and gas, banks are assisting the 'energy transition' by keeping inflation high to stall economic movement.