11 Signs The Economic “Tipping Point” Everyone Has Been Waiting For Has Arrived – The Lid

How bad do things have to get before people realize that we are in the midst of a full-blown economic crisis? The “experts” on television are endlessly debating whether we will have a “recession” this year; meanwhile, economic activity is imploding all around us. The number of homes sold in this country each month has already fallen by a third. The number of job cuts in November was 417 percent higher than it was during the same month a year earlier, and at this point, even Amazon is laying off thousands of workers. The Federal Reserve has declared war on inflation, but prices continue to spiral out of control. In fact, vegetables are 80 percent more expensive now than they were 12 months ago. Meanwhile, the financial markets continue to plunge. A third of the value of the Nasdaq has already been wiped out, and more than two-thirds of the value of all cryptocurrencies is already gone.