Politically, I half expected the derps to crash the economy for the mid-terms. But they may be saving that weapon for the re-election, where it would have a more direct impact on our scamp of a Preezy.
Bagster
Thank you for your great post on the world financial situation. I am woefully inadequate at deciphering such. And yet I find family and friends asking me questions because they think I have the knowledge. Unfortunately IMO, this general ignorance is part of the reason we’ve allowed our strings to be pulled (personally, nationally and worldwide) by the global financial cabal.
I’ve run my personal life by paying cash primarily due to being raised by grandparents who married in ‘32. They constantly advised that I use the methods tbey’d learned to survive. In that, there was the underlying idea to never trust a bank. Because of their advice I’ve tried to stay informed about economics but it isn’t an industry that is readily understandable, at least to me.
I know you have background in finance. I appreciate your posts which break this down to my elementary level.
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You are welcome. I just felt I needed to sort of alert my FReeQ friends that a rough patch might be on the way.
There are powerful deflationary forces and inflationary forces at work right now. No way to predict which one wins, so prepare for both scenarios.
And there are signs that Derps are going to go all out trying to collapse the economy. In addition, Stocks are over priced, and some companies are overleveraged-they will have trouble servicing the debt as interest rates rise.
It feels a bit like 2007. In Dec of 2007, I liquidated half of all my stocks and mutual funds, stashed a months worth of cash in my safe at home, and bought 20 Silver dollars, and stocked up 6-18 months of food staples, because the price of oil had spiked up.
Shortly after that, a jar of peanut butter went from 98 cents to $1.69. I didn’t run out of that stash till it went down to $1.25, and by watching sales was able to purchase it at a buck to keep a supply on hand.
Another example was coffee. I ran across a sale at half price. So I bought 2 years worth. And so forth.
So when the crisis came, I wasn’t too worried about it. I knew that I was prepared to weather the storm. With countries buying physical gold at current rate, I take that as a signal that they are also preparing for a transition from the current international settlement systems.
Politically, I half expected the derps to crash the economy for the mid-terms. But they may be saving that weapon for the re-election, where it would have a more direct impact on our scamp of a Preezy.
Bagster