#005 Hugh Hendry on Why We’re Already in the 4th Depression
The Julia La Roche Show
00:00
The Red Pills, the Blue Pills of the 1970s
If money does not expand, let's say it expands by 2%, but over the last year, it's costing you like 50% more to fill up your car and to hit the house. You don't really have choice because you don't have choice. And that's why the Fed keeps saying, let me, do they say it, but that's effectively what they're saying. If we're creating, we're going to create a recession. We want you to lose your job so that you won't have the wherewithal to maintain the same consumption as you did a year ago or two years ago. That is a profound, nasty class warfare,. again, which creates the seeds
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