World Bank cuts global growth outlook and warns of 70s stagflation
Here is the thing, can we appreciate that given the situation and the need to have to continuously pump liquidity into the Markets (to be the benefit of entities like the World Bank) via QE in order to artificially create the illusion of growth that this kind of model is not just unsustainable, but is entirely a machination from smoke and mirrors? It&#x27;s not even real or a reflection of reality of the Economy and serves very little purpose other than to line the pockets of the investment class via the stock market.<p>I&#x27;ve come to the conclusion that nothing short of a return to the average&#x2F;mean in terms of economic output and consumption habits will help us from ourselves: inflation is already here and we&#x27;re already in a recession and the notable thing is that commodities keep rising, eventually we will price out a large percentage of the population as shortages continue due to prolonged and potential conflicts that were only possible because of a need to seek Russian oil or cheap Chinese labour in order to maintain this perpetual growth model.<p>I&#x27;m sickened that this is my generation&#x27;s (Millennial) 3-4th &#x27;once in a Lifetime&#x27; economic crisis and the last one in 2008 has yielded lower life expectancy and lower standard of living while oligarchs keep amassing more and more capital that create these bubbles in the first place.<p>If 70s standards of living are what are projected at least let the West decouple entirely from Russia and China and ramp up and onshore the production of renewables, and invest further into Aerospace because at least then we will have something to show for our immense amount of crisis-laden existences so that we can point to and say &#x27;well at least we got a foundation we can build upon.&#x27;<p>I&#x27;m over a consumption based economy, it&#x27;s pathetic and shallow way to exist which leads to ecological perils: sadly it is, along with an often fake social media presence, the only refuge for most my age for any self-validation as they deal with perpetual forms of events that destabilize them further and have robbed them of most of the hallmarks of adulthood for earlier generations: homes, children, established careers, modest savings.<p>Gen Z is really the one who I think will be the one to pay the price of all of this, too. If the loudest voices are to be believed they are leaning hard toward Socialism, Marxism and Communism and given what we are seeing with the CCP I think they should get some perspective of what that kind of World looks like: Tibet, Hong Kong, Macau, Xinjiang with Taiwan in the cross-hairs.<p>Even the World bank is making it clear that the proxy War with Russia in Ukraine is of vital importance and, can you imagine if China invades Taiwan what that will do to Global Stability:<p>&gt; To reduce the risks of history repeating itself, the World Bank urged policymakers to coordinate aid for Ukraine, counter the spike in oil and food prices, and set up debt relief for developing economies.