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It looks like we as a global economy could be stepping into severe financial hardships that could impact billions of people. As of now we are seeing record high inflation across the world whether that be Turkey, Mexico, Argentina, Germany, America or India. Everything is much more expensive and with this increased expense comes increased stress.

At the same time, we are also witnessing record high gas prices and slower consumer spending as the stock market and real estate market are becoming greatly modified in this economic downturn, recession or as some people call it, a soon to be economic depression.

I believe the government will have two options, the first to increase interest rates across the board as we are currently seeing to tame inflation or hyperinflation. The second would be for them to reduce interest rates and stimulate the economy again. However if they stimulate the economy through universal basic income or stimulus than what that really means is that we will likely see the erosion of our currency and people that are barely making it could very well be pushed into financial hardship.

As a whole if we look at the headlines and see what is happening we will realize that the economy has never been more fragile and we are very close to falling off of an economic cliff and it could occur as soon as tomorrow, this week or this month.