A couple of independent economists at the University of Pennsylvania just recently put out a report saying that in their opinion, we only have a few years left to take steps to address this looming catastrophe, before we’re beyond the point of return where the problem becomes unfixable with standard budgetary methods.
My view (fwiw) is that we have already passed the point of no return.
When you combine government debt, private debt and the financial weakness of almost every country in the world there is no way out—everybody is broke.
At this point it is like a neighborhood of broke people loaning each other money until they max out their credit cards—only one outcome is possible.
That said—timing is totally unpredictable.
The crash could happen very soon or it could still be a decade away.
Martin Armstrong’s number crunching says 2032 is when the world financial system crashes and burns.
Imho the “actionable intelligence” is to pay off all debt, cut spending to the bone and of course move far away from heavily populated areas and be as self-reliant as feasible.
My other tip—”the perfect is the enemy of the good”—folks should never get intimidated by the challenges—do what you can when you can.
Thanks for that.
We’re headed into a perfect storm, imo.