We are screwed. And this doesn’t account for the >$180 TRILLION in unpayable debt & liabilities.
American society is crumbling and our living standards are going to plummet.
Luckily our CC debt is at an all time high…
Current 3 and 6 mo. Treasury Bills pay better than a bank account.
Of course T-Bills don’t come with FDIC insurance.
There was an article the other day which really came right out and declared that the economy right now is very strong. It’s so strong, the article said, that people are dipping into their savings at a high rate. That’s when you know people are feeling flush with cash, apparently.
Enjoy it while you can. Actually things are pretty reasonable and manageable right now compared to where it’s heading.
It takes a while for a ‘Titanic’ to sink so we still have some time and all should get prepared. This means spending at the same level or less and saving more which is difficult given inflation. Prepping even at a modest level is better than nothing.
Canadian Prepper is an interesting channel. Drama with some humor but his points are valid and the pain is coming. He has Lynette Zang on this one. Yeah she hawks gold but her points are worth considering.
https://www.youtube.com/watch?v=CbQ_vYfPhkM