The main debt of the United States has now been transferred from the corporate and resident sides to the government side on a large scale. Therefore, the possibility of this recession is actually not great. Because no matter what the debt ratio of the US government is, the Federal Reserve will pay for it indefinitely. Of course, this will also damage the credit of the US dollar in the long run. Especially after the inevitable start of anti-globalization, the commodities of resource countries (Middle East + Russia) and the industrial products of producing countries (China) will gradually decouple from the US dollar system. After the start of this interest rate cut cycle, long-term and prolonged inflation will be inevitable. Therefore, this recession is actually a recession of the credit of the US dollar. The real bull market for gold and #Bitcoin has just begun...