U.S. Economy heading SOUTH as GDP Declines Daily! Listen UP!

When I watch the real-time financial numbers, I witness that the U.S. Gross Domestic Product (GDP) is declining daily. The numbers reveal that the U.S. is in a recession...heading for a depression. You can watch the real-time numbers here: 

www.usdebtclock.org

Our total DEBT is now over $31 trillion as a nation and our DEBT (including National, State, Local, and Personal) is now over $93 trillion. Debt to GDP is 140% and much more when ALL debt is included. The World Debt Clock shows all nations with growing GDP except the United States of America. The U.S. has a declining GDP (in real-time). This reveals that the U.S. is in recession...heading for an economic depression. The world economy will follow what happens in the United States of America IMO. 

Real Estate is now in serious trouble as interest rates for a mortgage have reached 7%. This makes home purchases nearly impossible for the many (affordability is the problem). I just witnessed the vacancy rate in San Francisco office space (it is now over 25%). The National Vacancy Rate is over 17%. Real Estate is in serious trouble and this will cause a continuing DECLINE in our GDP. Real Estate makes up some 30% of our overall economy.

As America goes into a recession...heading for a depression, this will cause the global recession. Rates all around the planet are going up. Interest rates are also going up in Europe and Asia. All this will create our WORLD economic depression in 2023. We are heading for economic chaos and this can not be stopped given the policies of our Central Banks. Will Powell pivot in 2023? This is likely!

Central Banks RULE over all our financial markets. These entities can PUMP up money digits with the click of a computer key. They can also create a liquidity REDUCTION with a click of the computer key. As I write they are reducing LIQUIDITY globally. Money digits are the life-blood of our global economy. When these DIGITS decline (as a result of policy decisions), the financial markets head for recession.

I would suggest that we are CURRENTLY in a recession...heading for a depression. We will all witness this coming economic depression in 2023. It takes a few months for all these Central Bank events to take their toll on the economy. I witness some consequences as of today but the growing consequences will happen in a couple of months. The election in the U.S. this November could be significant for the entire planet.

If the U.S. economy tanks and voter sentiment changes from Democrat to Republican on November 8, we could witness a change of guard in the U.S. Political policies would change and serious consequences would emerge for the Biden Administration. We need to watch the results after November 8 to discern what might happen. My sense is that a CHANGE in leadership is happening! This will create HUGE changes in all areas of our political economy!

That is my viewpoint as of today. I will keep you informed in this blog and also my Kingdom Economics blog. Have a great day! I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com. Also, http://kingdomecon.wordpress.com.