You're right. A depression to me is 4 quarters of economic downturn. Your definition and my definition would put us both correctly in a depression!
The only way central banks know how to get inflation is through currency printing. This devalues your fiat. Get out of fiat and at least get into stable coins, if not crypto!!
Nice post, glad to see you posting again. Let's keep in touch!
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People have fixed ideas of what a depression looks like based on the 1930's - but I think the current one will look very different, and it hasn't really started yet. There are signs, but it's not full on yet
It's definitely started... 20 million unemployed in the US...debt to GDP over 100% for most 1st world countries. It's here. Doesn't matter if the media aren't reporting it. It's here.
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