by Amy S.
The sad thing is that people believe this is about Republicans and Democrats. It’s NOT. They are two wings same bird. They all serve the same corporate masters. This is about the elite vs We The People. Time for the world to wake the hell up. And as soon as this economy tanks it will be yellow vest time in America.
Not a Crash, but Regular Volatility – But let’s talk about another big down Monday. As I suggested when I did my podcast on Friday, I’m still thinking that there is a possibility of a Black Monday type event this year. I said we were running out of Mondays because we only had 3 left, and now one down. This, again was not a crash, but the Dow did close down better than 500 points. At one point, we were down over 600. You know, these big drops are not becoming a recurring event – they add up, right? Worst December Start Since 1980 – If you look at the charts, we look extremely vulnerable to a big drop. I read that already, we’re off to the worse start for a December since 1980. That was really the end of the last bear market. We had a bear market that went from 1966 to 1982, so the last time we had a December this week was at the tail end of that long-term secular bear market.
With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style.
The next great economic crisis is rapidly approaching, and most people are going to be totally blindsided by it. Even though the warning signs are glaringly obvious, most Americans continue to believe that our “leaders” know what they are doing and that everything will be just fine. But what will happen when the next great financial crash happens and trillions of dollars of “paper wealth” disappear into thin air? What will happen when the coming credit crunch causes economic activity to dramatically slow down and millions upon millions of people lose their jobs? This shouldn’t sound far-fetched to you.
Remember, this is exactly the kind of thing that we saw back in 2008, and the next great financial crisis is likely going to be significantly worse. Our economy is in far worse shape than it was back in 2008, and government dependence is now at an all-time high even though most Americans are still enjoying debt-fueled false prosperity.
We are living in the largest debt bubble in the history of the planet, and when it bursts we are going to experience a crippling “adjustment” to our standard of loving. Some people understand this and are busy preparing for what is ahead. Unfortunately, most Americans are not preparing for the coming economic depression and they are going to bitterly regret it.
I guess it all depends how you define economic collapse. The oil industry is currently experiencing a collapse. Brick and mortar retail is in collapse. Fast food is also hemorrhaging. And financial institutions are shedding jobs faster than ever. If you’re in one of these fields, you probably feel like the collapse is happening all around you.
Yet the value of the dollar remains relatively stable (for now) and parts of the US economy continue to grow. For example, Amazon’s revenue grew 23% in the last quarter, Star Wars is setting global records in theaters and with licensed merchandise, organic food is crushing it, and services like Uber and Airbnb are exploding. And of course the businesses of medicine, war, and policing always seem to be booming.
What is The Lost Book of Remedies? The Lost Book of Remedies PDF contains a series of medicinal andherbal recipes to make home made remedies from medicinal plants and herbs.Chromic diseases and maladies can be overcome by taking the remediesoutlined in this book. The writer claims that his grandfather was taughtherbalism and healing whilst in active service during world war twoand that he has treated many soldiers with his home made cures.
My point is that the economy always has winners and losers. Collapse or no collapse, there will be some industries that are contracting while others are expanding. Our duty is to identify the pitfalls and opportunities in the current climate to position ourselves to survive and thrive.
Economic Prediction for 2019
I think a dramatic economic collapse is possible but not probable in 2018. At minimum, however, the United States will likely experience a recession in 2019 even using the government’s phony numbers. This will be painful to a great many people and it will dramatically accelerate the timeline for systematic collapse. Yet I believe there are still enough sectors with abundance and consumer demand to delay widespread collapse. Also, the unbelievably low price for oil can subsidize the US consumer economy for years if it continues.
That said, the Overstock CEO is prepping for an economic zombie apocalypse with gold and food for his employees. If you read this website, Zero Hedge and many others, you probably understand all of the ways the system is doomed. High public debt and taxes; jobs being outsourced and automated; Wall Street swaps, derivatives and high-frequency trading; a Baby Boomer generation retires while their unemployed grandchildren are buried in college debt. Ominous clouds, indeed.
A bigger crisis than 2008 is looming because too-big-to-fail banks have only gotten bigger and central banks have lost control of the economy’s risk pricing mechanism – interest rates.
Where do we stand now, economically?
Well, we are right back at it: trying to stimulate growth through easy money. It hasn’t worked, but it’s the only tool the Fed’s got. Meanwhile, the Fed’s policies widen the wealth gap, which feeds political extremism, forcing gridlock in Washington. It seems the world is headed toward negative real interest rates on a global scale. This is toxic. Interest rates are used to price risk, and so in the current environment, the risk-pricing mechanism is broken. That is not healthy for an economy. We are building up terrific stresses in the system, and any fault lines there will certainly harm the outlook.
What makes you most nervous about the future?
Debt. The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price. The public sector has really stepped up as a consumer of debt. The Federal Reserve’s balance sheet is leveraged 77:1. Like I said, the absurdity, it just befuddles me.
“Toxic” Burry calls our situation. Agreed. It’s not a matter of if the economy will experience a major illness, it’s merely a matter ofwhen. The symptoms are already spreading.
But I think we’ve got at least another year before any large-scale breakdown of the economy. This is great news since it gives us plenty of time to adapt and prepare.
Protecting yourself from a U.S. economiccollapse is difficult. A catastrophic failure can happen withoutwarning. In most crises, people survive through their knowledge, wits, and byhelping each other. Make sure you understand basic economic concepts so you cansee warning signs of instability. One of the first signs is a stock marketcrash. If it’s bad enough, a market crash can cause a recession.
Second, keep as many assets as liquid as possible so thatyou can withdraw them within a week. In addition to your regular job, make sureyou have skills that you’d need in a traditional economy, such as farming, cooking, orrepair.
Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and starting a fire. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.
Preparations for a Declining Economy
We put together a detailed special report on how we plan to survive and thrive in current economic conditions. It covers tips and tactics to simplify your finances, to get healthier, to diversify your income, to produce and store food and much more. Additionally, we reveal the areas and opportunities that we believe have potential for growth in a bad economy.
We don’t want our readers to be victims of the coming collapse. We want you to survive and thrive.
The Lost Ways is a comprehensive book that teaches you a variety of ways that our forefathers used to deal with different situations. The program teaches you survival mechanisms that does not require money. The fact is that the modern survival equipment is unreliable and ineffective. In fact with the techniques in this book, you can survive solely in a catastrophe that kills everybody.
Chances are high that you have come across a few stories from the media regarding the increasing risk of economic collapse, or perhaps you have spotted several situations of rioting in Baltimore or Ferguson. You have probably witnessed photographs of shops boarding up their doors and long, empty food store shelves that were a result of looting. You may ask, however, “What is my family to do during such uncontrollable events?”.
Although a possible economic collapse or state of civil unrest is out of your control, (96% of Americans expect more civil unrest in US cities next year !*) it is very possible to prepare yourself and your family for such scenarios. One of the most important things that can be secured to greatly increase the chances of making it through an economic shutdown of your community, state or country, or a sudden state of emergency from riots erupting, is a substantial food storage supply.
When faced with the reality of sudden travel restrictions, whether it be cross-country or as close as your neighborhood supermarket, the importance of securing necessities for your family becomes much more apparent. You may have created a supply of items that will help keep your family safe when things outside the home are getting out of hand, however, food is something that no one can go without. Nearby stores will most likely not have the option to remain open to serve customers during a riot in the community, and if economic collapse were to strike, your community’s infrastructure would be gravely affected as well.
An adequate food storage supply for your family can help you weather the storm of an economic collapse as you start to make adaptations to your suddenly different lifestyle, or possibly move to another more promising location. It can also increase the safety of your family while your surrounding environment grows hostile, providing you with resources accessible from within the home.
Take a look at our extensive selection of freeze-dried food storage foods that will last you up to 25 years, are highly portable and convenient, and can be the perfect choice for your family to utilize when faced with the hardships of an economic collapse, or outbreak of rioting in the community.
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