{"id":42702,"date":"2025-04-07T17:40:50","date_gmt":"2025-04-07T17:40:50","guid":{"rendered":"https:\/\/idea.membrane.com\/songwriter\/?p=42702"},"modified":"2025-04-07T17:40:50","modified_gmt":"2025-04-07T17:40:50","slug":"economic-meltdown","status":"publish","type":"post","link":"https:\/\/kingarthur.com\/songwriter\/2025\/04\/07\/economic-meltdown\/","title":{"rendered":"Economic Meltdown"},"content":{"rendered":"

Economic-Meltdown-0.mp3<\/a>
\nEconomic-Meltdown-0.mp4<\/a>
\nEconomic-Meltdown-I.mp3<\/a>
\nEconomic-Meltdown-I.mp4<\/a>
\nEconomic-Meltdown-intro.mp3<\/a>\\<\/p>\n

[Intro]
\nEconomic (collapse)
\nThe fall of an empire
\nEconomic (collapse)
\nThe reign of the dire<\/p>\n

[Verse 1]
\nThe overlord
\nIs out of his gourd
\nTaxing the peasant
\nWith no relent<\/p>\n

[Chorus]
\nEconomic (collapse)
\nThe fall of an empire
\nEconomic (collapse)
\nThe reign of the dire<\/p>\n

[Bridge]
\nThe stock exchange
\nHas been rearranged
\nIt’s falling down
\n(Down, down, meltdown)<\/p>\n

[Verse 2]
\nThe overlord
\nIs out of his gourd
\nTaxing the peasant
\nWith no relent<\/p>\n

[Chorus]
\nEconomic (collapse)
\nThe fall of an empire
\nEconomic (collapse)
\nThe reign of the dire<\/p>\n

[Bridge]
\nThe stock exchange
\nHas been rearranged
\nIt’s falling down
\n(Down, down, meltdown)<\/p>\n

[Chorus]
\nEconomic (collapse)
\nThe fall of an empire
\nEconomic (collapse)
\nThe reign of the dire<\/p>\n

[Outro]
\nAsses, asses…
\nWe all fall down
\n(Down, down, meltdown)<\/p>\n

ABOUT THE SONG
\nWhat are the chances of a recession?<\/p>\n

It really comes down to how one defines a recession. Traditional recessions are often characterized by rising unemployment, but with Trump\u2019s immigration policies severely restricting the labor force, the job market may appear<\/em> tighter than usual \u2014 even as the underlying economy deteriorates.<\/p>\n

When you factor in these artificial constraints on labor supply, there\u2019s easily a 90%+ probability of a U.S. recession this year. And given the ripple effects of tariffs, trade wars, and global uncertainty, I\u2019d estimate a 95% chance of a global recession as well. This won\u2019t look like past recessions on the surface \u2014 but in terms of slowing growth, rising costs, reduced output, and widespread economic strain, it absolutely qualifies.<\/p>\n

For the past several years, immigration has contributed roughly 80% of U.S. GDP growth. Even before factoring in the tariffs, the U.S. economy was already facing the prospect of slow \u2014 if not flat \u2014 growth this year. Now, with the addition of what amounts to the largest regressive tax increase in U.S. history, the outlook has gone from concerning to potentially catastrophic. While the full impact of these tariffs remains uncertain, the risks are clear: higher consumer prices, reduced purchasing power, supply chain disruptions, and broad-based economic strain \u2014 especially for lower- and middle-income households. The combination of anti-immigration policies choking labor supply and tariffs imposing massive new costs on consumers and businesses creates a perfect storm of stagnation and inflation. Together, these policies could produce the most damaging U.S. economy in over a century.<\/p>\n

Combined with his Drill, Baby, Drill<\/a> polices we will likely never recover.<\/p>\n

See The Great Depression vs. The Climate Crisis: Why the Stock Market May Never Recover<\/a><\/strong><\/p>\n

 <\/p>\n

From the album “Collapse<\/a>“<\/h3>\n

The Human Induced Climate Change Experiment<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"

Economic-Meltdown-0.mp3 Economic-Meltdown-0.mp4 Economic-Meltdown-I.mp3 Economic-Meltdown-I.mp4 Economic-Meltdown-intro.mp3\\ [Intro] Economic (collapse) The fall of an empire Economic (collapse) The reign of the dire [Verse 1] The overlord Is out of his gourd Taxing the peasant With no relent [Chorus] Economic (collapse) The fall of an empire Economic (collapse) The reign of the dire [Bridge] The stock exchange Has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[9,14],"tags":[4116],"class_list":["post-42702","post","type-post","status-publish","format-standard","hentry","category-daniel","category-lyrics","tag-collapse"],"_links":{"self":[{"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/posts\/42702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/comments?post=42702"}],"version-history":[{"count":3,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/posts\/42702\/revisions"}],"predecessor-version":[{"id":42712,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/posts\/42702\/revisions\/42712"}],"wp:attachment":[{"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/media?parent=42702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/categories?post=42702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kingarthur.com\/songwriter\/wp-json\/wp\/v2\/tags?post=42702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}