2008 OG´s Here we go again - This time is worse.

It looks like Economics, mean ponzonomics from governments show slowly how bad it really is.

People with a brain know it longer. But most people don't have the 2008 experience, no job, no income. So it's not their fault.

But this time not only did the fantasy banking world gets fucked. It's the full real-world economy.

The shit people need for their daily life. This makes it 100 times worse.

Energy is the backbone of every economy. If Energy prices rise, the high water mark rises with all prices.

Think about it this way:

There are a lot of ships on the Water, called " food ", "commodities", "building materials", "fashion", "and so on".

The water in this case is the energy price. If the energy prices rise, the water level rise and everything becomes more expensive.

With those in mind, rate hikes would have a ZERO effect on inflation. Sure supply chains/covid and other shit cause the fist wave.

But this is a housemade problem.

Does it only hit Europe? Maybe the most. The USA will also get some hits, not as horrible as Europe, but it will cause a recession too.

Interesting in this case is china. Because they profit from all this shit the most. They get now cheap gas from Russia and get a stronger role in the world. Sure they have a fucking big Real estate bubble, but who cares? They have energy at the end.

In the end all economic systems and governments suck today. The only way to "survive" super high inflation to devalue the debt level + take the money from the average people to stay alive.

Printing money is the drug.

If we think this way about it, it looks like Central banks mean cheating normal people.

The cause of bad things is bigger than good. Special since it becomes fewer and fewer central banks.

So No competition means no rules to follow.