Hello fellow rebel capitalists hope you're well so I want to go over the real reason the United States is headed for a recession at least in my opinion

I think the evidence is on my side.

Let's go right over to this chart and this pretty much sums it up right here.

Real average hourly earnings so you guys know that the

US economy is 70% consumption so you've got to put the consumer at the middle of everything.

So then you look at the other businesses, say Home Depot, Walmart, Target.

Okay, well, they don't produce anything.

They just resell what they get from China to that American consumer.

But let's just say that's the entire economy.

Okay?

Well, who employs the consumer?

Well, that would be those businesses that I just listed.

Okay, well what happens is when the aggregate demand,

when the purchasing power of the average consumer

starts to go down, that means less money going over to Walmart, Home Depot,

and Target, let's say, or Starbucks or Uber, wherever they're working.

So the more, the fewer dollars that go to these entities,

the fewer people that they can employ.

Of course, this is actually what the Fed wants.

They've stated this explicitly,

that they want unemployment to rise.

They think that's the only way to get inflation back under 2%.

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