“We think the major economies are on the cusp of this turning into the worst recession we have seen in 10 years,” said Murray Gunn,
head of global research at Elliott Wave International.
And in a note, he added: “Should the [US] economy start to shrink, and our analysis suggests that it will,
the high nominal levels of debt will instantly become a very big issue.”
The time for prepping is before any crisis, not after it arrives !
Prepping takes the fear out of uncertain times !
The time for prepping is before any crisis, not after it arrives !
Prepping takes the fear out of uncertain times !
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Bullseye!
The time for prepping is before any crisis, not after it arrives !
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Good advice. Interest rates have been kept low for a very long time which has encouraged massive amounts of borrowing.
Good idea to offload as much debt as possible. Just in case.
Crash or no crash, you ought to prep on at least a basic level for any one of a variety of contingencies.
Thank you, TIK!
Of course, right when we’re eating down the freezer and pantry. About 1/3 down on the freezer. Not going to worry about shtf under Trump as I was during the previous 8 years.
Been thinking about getting back on to prepping a lot lately. It all depends on how successful President Trump is at draining the swamp. When/if the Left takes control of fedgov again, stick a fork in us because we’re done.
That and I had heard of a possible debt bubble coming. I wouldn’t put it past tptb to create some sort of financial calamity to pin it on Trump to help the Left get elected next time around.