The Global Bubble is about to burst which will create a quadrillion debt avalanche to bury everything.
The global economic situation today is characterised by unprecedented challenges that affect all countries without exception. The consequences of this crisis are being felt in the daily lives of millions of people, and it is critical that we realise the extent of this phenomenon.
1. A rampant inflation:
In many countries, inflation has reached alarming levels. The prices of consumer goods, food and energy continue to rise, making daily life increasingly difficult for households. According to the latest data, global inflation has exceeded 8% in many regions, putting enormous pressure on family budgets.
2. Increase in unemployment:
The economic crisis has also led to an increase in the unemployment rate. Many businesses faced with rising costs and falling demand have been forced to downsize. Young people, in particular, are being hit with unemployment rates reaching historic highs in some areas.
3. Growing inequalities:
This crisis is exacerbating already existing inequalities. The most vulnerable population groups, often the most affected by rising prices and unemployment, are in a precarious situation. The data shows that the rich 10% of people in the world continue to get richer, while the poorest see their living conditions deteriorate.
4. The effect on mental health:
The economic consequences are not limited to finances. Financial stress and uncertainty about the future have a significant impact on people’s mental health. More and more people are reporting high levels of anxiety and depression, intensified by the economic situation.
5. Call to action:
It is essential that governments, businesses and citizens join forces to tackle this crisis. Inclusive economic policies, programs to support the most vulnerable and international cooperation are needed to overcome these challenges.
Every voice counts, and it is time to raise people’s awareness of the importance of collective action, especially within the Hellenic (Greek) homeland and not only, but everywhere where Hellenic citizens reside who either have not yet realised or otherwise ignore, perhaps wilfully, the existence of the solution that we already have at our disposal and it is none other than our union.
The global economic situation is alarming and requires urgent attention. By recognising the issues and acting together, we can, and have the potential to build a just and more sustainable future for all.
It is time to mobilise and make our voices heard for a positive change.
Written by:
Spyros Leftheriotis
Translated by:
Themis Ioakimidis
