Articles at American Greatness.com, which seems an unduly optimistic name to me, since “greatness” seems to have long passed for America and the West, has an article confirming exactly that, the loop of doom, the perfect storm of forces pushing America and the West to destruction. Not only is there high inflation, set to dwarf the 1970s, but a doom loop has been created by the US Federal Reserve, which has the printing presses running hot with money creation to make securities to subsidize the housing market. But, this has become as addictive as heroin to the over-heated housing market, which is now dependent upon this printed money. Stopping the flow will produce a crash, but continuing the flow, it is argued below, will keep generating inflationary spirals. It is an ill wind that blows, indeed.
https://amgreatness.com/2022/05/23/the-economic-doom-loop-has-begun/
