2023 – The Coming Year of Chaos

QUESTION: Marty, It was a fantastic WEC. You brilliantly tied it all together and that the real problem is this liquidity crunch. Suddenly, the ECB came out and said that inflation would not subside in a recession. Looks like they were watching the WEC. Do you think the ECB is even listening right now?

N.G.

REPLY: For Christine Lagarde to publicly state that “moderate recession” will not bring down inflation means recognizing that inflation was fueled by COVID lockdowns that disrupted the supply chain and caused shortages. The Bank of England came forward and said that we would see the longest recession in 100 years.

The ECB has just forced the banks to repay their loans by withdrawing 300 billion euros from the banking system in a desperate attempt to stop inflation. It won’t help because Legard knows that even an economic downturn won’t prevent this type of inflation which is more like the Stagflation of the 70s where costs went up thanks to the OPEC crisis and where we have the COVID crisis that created a deficit mixed with bigots climate change are determined to move away from fossil fuels, despite the fact that there is no alternative. How can you make steel without coal?

Now everything is going according to schedule. We are facing 2023, which will be known as the year of chaos.