Ok... so basically...I have seen many different signs and signals that point to the impending economic disaster. Here we will discuss some, and I will highlight a few.
Jamie Dimon, ceo of the largest bank in America, J.P Morgan Chase. said to "Get Ready For An Economic HURRICANE"
The Fed has said they will raise interest rates possibly to 2.8%. This is going to be absolutely devastating when houses are nearly averaging a million dollars. But they essentially have to chose between having high inflation or devastating the economy when values of commodities are already so highly inflated. To those who think thats low compared to the 10% and even 20% highs in the 1980's: america was not over 21 trillion and houses were not averaging close to a million dollars
Chinas Evergrande missed payments on its debts back in December 2021, the lag time for the iteration and how long bejing can put this off is unknown to me. To those who dont know what that is or why its important, it is the largest property developer in China and it defaulting on its debt could cause a cascading domino effect in the 52 trillion dollar real estate bubble of chinas market
Gas hit 5$ a litre for the first time, and many economist are saying it is going to keep going up. Inflation at 8.6% and is continually climbing even though the FED has raised interest rated 4 fold. Back when the FED raised interest rates from 10% to 20% back in the 1980's i think it was, they did that to shock the market to reduce spending.
We are seeing people spending less because of inflation, so much so that there are inventory that is piling up from not being sold so it has to be sold at a loss because companies get taxed on inventory sitting around. They then fire people like how the tech industry has recently been rescinding job offers and I can get the links for it.
The nightmare scenario is that the FED raises interest rates and its not enough to combat inflation. I mean, they printed 3 trillion USD in one year. Simple as. The only real question lads, is when? I have seen different statistics, some saying 9 months, some 12 months, what is your take user?
Dylan Butler
How long before large population centers are starving?
there are already food riots in Sri Lanka, look it up
Camden Evans
Was reading about this earlier. Everything is going to shit. There were some pretty good takes on this by u/catbulliesdog on Reddit as well.
Justin Walker
nah, this is depression era stuff, the greenspan put has been exhausted, it wont work anymore with inflation, the only way out is to raise interest rates
Ayden Powell
I’d say about January of next year.
Landon Murphy
see lads, even reddit admits theres a problem now, even after being like PAY PUTINS PRICE HIKE FOR DEMOCRACY or w/e tf they were on about
Most takes there are pretty much borderline stupid. But yeah, the only thing left is to prep up, devise a strategy on how to profit from what’s happening, and just brace for impact.
Isaac Wright
yea basically, i dont think theres anything that can stop whats coming, its like a crazyness has taken over the world and theres no getting away from it, even being in canada far far away from most of the crazy, its still not far enough
Bentley Morales
Well, damn. Still expected. I pretty much expect my country to go to shit in the next few months. The global food shortages are expected to be around 30% this year. Pretty much all major suppliers are either behind on schedule, or are at war (Ukraine).
Noah Ortiz
How long before it happens in the Western Hemisphere
Grayson Rogers
does venezuela count?
Ryan Scott
I hope you take care bro, your pretty close to where all the crazy is. I hope your in a cozy spot in the hills, country side where you have a chance at being unbothered
When the fertilizer shortages, meat plant and similar "disasters", and increased ethanol production (see fertilizer shortage) all come home to roost, Americans are looking into the abyss of their own apathy; their godlessness and idolatry will be served incessantly until they repent.
You say guns and bullets are the best investment, but the best investment is sowing into communities. Turning people's lives around. Far too long have they rejected wisdom and understanding. Far too long have they gone the way of wicked men. And those wicked men will see their end, lest they repent. No amount of ammo or firepower can save you now. And if it does get to the point which lead is exchanged between countrymen, the elites and parasite "leaders" have their caused for legislation to ban weapons entirely. Pride comes before a fall. It takes a wise man to humble himself and take a good, solid look at the world around him. We create and destroy what takes place every single day. And if you're one that mindlessly goes to work day in and day out, serving the government with taxes, serving the banks with interest payments, allowing degeneracy to be widely accepted with no pushback, you are on the side of the devil himself. The Bible says cowards do not make it to heaven. And they cannot. For they are overcome by wickedness, and in doing so, they serve wicked ends themselves. Repent.
Robert Miller
oh no thats march 2022 actually so thats recent
Aiden Kelly
You’ll see a pretty big shortage this winter. However if nothing improves and everything goes on as it is, then next winter is gonna be rough af.
Nolan Howard
commercial real estate investors will cause the crash this time. in the USA commercial real estate (especially new construction) has been very empty for years. if you live in a city you've probably been wondering what's up with all the empty commercial space in those new buildings they keep making. the answer is that the CMBS that own the debt for those buildings won't let them change the absurd rent prices because it would require consensus and an adjustment of the CMBS itself. this wasn't a problem for a long time, because interest rates were near 0% and they assumed it would eventually normalize, but with high interest rates and negative growth, these property developers are going to get absolutely destroyed. the Fed will have trouble bailing them out this time if they continue to raise rates. US government will be defaulting on its own debt soon if it doesn't find a way to raise revenue from taxpayers. the taxpayers that will be losing their homes, jobs, retirement funds, etc.
Austin Cook
Thank you mate, I hope the best for you as well. If things really come to stuff like civil war (which is what i’m expecting) I should be able to at least get my family in a safe place in the mountains, away from the main cities. As for now I can’t really do much other than focus on University and my job.
Colton Smith
In the end, all will be quiet with peace, and wisdom. Until then, no end to war, grief, pain. Fight, work, live, all the sweeter. Life after life will absorb and mold. There is no difference. Not until all time and space is wrapped up in one and life is squashed in the folds, until then, sweetness.....for we cannot cease from creating, but the end of all our creations will be to look into a mirror and see ourselves for the first time... the pain we have caused us.... for we are the same
Jacob Flores
>Jamie Demon it's all so tiresome
Benjamin Gonzalez
and yet still no politicians, bankers, big pharma executives or journalists are being murdered.
>finish college 2020 February >world shuts down 2020 march my lifes luck summed up, havent been able to get a job since
Blake Stewart
There’s also a pretty big shortage on Diesel exhaust fluid. That will have an impact too.
Evan Howard
pretty sure iceland was the only person who jailed any bankers from the 2008 thing, did they print a shit load of money like everyone else? imagine if their currency holds out because of all the oil and gas they have
Evan Young
Two more weeks.
Jaxson Allen
we live in comparatively worse times than the french did leading up the revolution
Dylan Russell
others have suggested that high inflation encourages immediate spending. at least your data indicates people believe it will be temporary
Brandon Martin
FUCK the economy, FUCK food and most of all FUCK you
Brandon Phillips
it was easier to buy a house during the great depression than it is now, thats a huuuge red flag for me
Parker Evans
if interest rates are raised, that won't affect my 3.75% mortgage right?
