According to a recent Deutsche Bank report, the Federal Reserve’s battle against inflation will set off a recession in the United States by the end of next year.
Major banks have joined the chorus of voices warning that the Federal Reserve’s decision to slash interest rates will most likely halt their attempted recovery that started two years ago.
In the report, Matthew Luzzetti, a lead economist from Deutsche Bank, wrote: “We no longer see the Fed achieving a soft landing. Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession.”
Inflation is at an all-time high, with consumer prices growing at the fastest rate in 40 years. Hopes for a swift drop in inflation have been shattered, owing in part to the conflict in Ukraine. But with that said, hikes in inflation started many months before the crisis in Ukraine.
With energy hikes being blamed on the Ukraine – Russia conflict, it is clear this hike started before the conflict and it is down to the globalist green agenda of net zero at any cost.
The devastating conflict in Ukraine is being used by the globalists as the whole reason the economy is tanking. They hope by doing this they can bring in their new great reset digital system, which would see the end of physical money with all transactions tracked with digital currency.