In February, inflation numbers broke a 40-year high. Today's CPI (consumer price index) numbers are expected to break that record too. The global economy is bearish.

If you're wondering why Bitcoin ^{and nearly every asset for that matter} is falling so much today, the consumer price index being released today is expected to break more records. Records you don't want to break.

In February, we had the highest year-over-year inflation since December, 1981 at 7.9%.

Now, just a few months later, and the numbers are expected to be higher, at 8.4%.

More data is coming out today, which is expected to show the month-to-month consumer price increase from Feb-March was 1.1%. The highest month-to-month jump since 2005.

Meanwhile, Joe Biden's approval ratings today have hit an all-time low in his presidency. The war in Ukraine ravages on and the price of essentials (food, housing, gas, etc.) are ever-rising.

Loans are becoming significantly more expensive as The Federal Reserve has hiked rates too abruptly.

All of these wonderful events point toward a global recession being inevitable. How bad of a recession is left to be answered. It it is not a question of if the global economy has an impending recession, but rather, how bad of a recession will it be? Invest accordingly.

Finally, I will add that the overwhelming influence of the The Federal Reserve System, which is the central bank of the United States needs to be minimized sooner than later.

Decentralized systems are bullish in the future for these exact reasons. Bitcoin will not solve all of our economic problems, but every step towards more decentralized economics will give people more say and make changes less sudden and dramatic.