https://www.youtube.com/watch?v=5W-Yz48n-Qg
31 ----- 48 ---- 44 --- 45 People have less money to spend: this forces them to rein in their spending. OF COURSE, demand falls + prices fall + the recession will just continue THIS NEGATIVE TREND that translates in LOSS JOBS + LESS REVENUE for the Gov't. NO SURPRISE THERE. THE "AGGRAVATING" FACTOR - in all this - is the military conflict in the Ukraine that can "potentially" force NATO countries into bankruptcy. Those governments would be forced to ... 1. increase taxation or 2. cut the size of Gov't. The former, INCREASING TAXATION, brings back inflation. The later, CUTTING THE SIZE of Gov't, would NOT! In WHICH DIRECTION are they going to go? They all have BLOATED GOVERNMENTS: PRUNING the Gov't in an exercise to "rationalize" resources would boast consumer confidence + help to slow their economic descent. WHICH will they choose? - What's good FOR CROOKED GOV'T BUREAUCRATS ? or - What's good FOR THE PEOPLE? (Ha! Ha!) IN THE END, THE SIZE OF GOV'T has to be CHOPPED DOWN BY AT LEAST 50%: we've known this for the last 15 years: TO DELAY THE INEVITABLE only makes things worse. Ken, Toronto, CANADA