The globalist deep state and the Democrats in the U.S. who are aligned with it appear to have accomplished their long-sought objective of tanking the economy and moving tens of millions of Americans onto permanent government dependence and control.

According to top economist Peter Schiff, the lengthy economic shutdowns during the COVID pandemic that created a massive supply chain crisis coupled with out-of-control government spending has now created an inflationary cycle in the U.S. that is not going away anytime soon.

The Epoch Times reports:

Following a 0.9 percent contraction in the second-quarter GDP, experts are debating if the U.S. economy has officially slipped into a technical recession.