17 MAR 2023 · WHO recently asked Stephen Patterson at https://www.keycitycapital.com/ to come on the air in Des Moines, IA to discuss the potential for rising gas prices and their impact on the economy. In his interview, Stephen talked about various issues and concerns for the next few months. He warned that there are 'choppy waters ahead' with increasing food prices, China returning, and oil demand increasing. He also maintained that supply chain problems are the root cause of the rise in gas prices. Nestle, the world's largest food group, has already given an indication of where their prices are headed, suggesting a likely increase in prices of other items. Stephen believes that others will follow suit as the country has not yet solved the supply issue, which will inevitably push gas prices back up.
He also talked about the stability of larger banks, including J.P. Morgans and Wells Fargo, and the toxic assets on their balance sheets, stating that they are not infected as they were in 2008 with subprime mortgages. He predicted that as interest rates continue to rise, cracks may begin to emerge, but he was not uncomfortable with the current banking system.
However, Stephen was not optimistic in his predictions of economic recovery. He believed that the economy would still suffer for the next twelve months, with no immediate signs of recovery. This resulted from paying for past decisions, energy supply, and federal deficit spending, which exceeded $32 trillion, leading to inflation. Stephen advised viewers to brace themselves for tough times ahead.
✔ 1040 WHO Social Media
➤ https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmtFTEEwQi1SQzlaYkljaGhiQWtpUFhjT1M1Z3xBQ3Jtc0tuUUozLW9kcUdHS0QtODhvU0k2Q1FOaExNRHc2Yk9laVQ0ZldfUHF2a1NnV1k2V3RFTmg1ZTVnUGdjUDdPVUh6UzZqdWRhY3Nqd0x1Z0VWcWhCRmRJY3gxejFtQnFtSm1Ma1JrTUF1dlNVcWtzUFZ2dw&q=https%3A%2F%2Fwhoradio.iheart.com%2F&v=lybxlJqWzyQ
➤ https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1NLTmFyX2RTQ1lCZzRLZ29ITDJkbnpISU9DZ3xBQ3Jtc0trWGJKc2swZlFHSVY0S3kzVGxYRElKZWptUl9HNVlpNjZjV1pDMmNCbElveW5RbTcxWTlFNEJpdU1INHdzaE9GOXJRaGlETXVsMU5wREdOY0o2ak5udUdGSnBhWEZWeEtvY2xFTWhFMVdsNkNhcnZIZw&q=https%3A%2F%2Fwww.facebook.com%2Fwhoradio&v=lybxlJqWzyQ