Inflation 7.5%, interest rates on the rise (remember Weimar),
shortages of goods, Ukraine coming to our shores, Iran a threat, China eating our lunch. And that is the good news
The bad news is something the Back Channel (FAKE NEWS) doesn’t want you to know. Our debt is $60 trillion Large. Please don’t worry they say, inflation will bail us out, it always does. Social Security and other obligations tally to $30 trillion; good luck with that. Gold spurted ahead by $30 bucks an ounce on Friday. The reason the pundits gave was WAR, but gold was on the verge of spiking anyway, it was just waiting for a catalyst.
The well to-do don’t have to make a choice, if they should eat or pay for gas. Those at the poverty level have a life and death decision to make, starve their kids or fill up. Not promising by any means. Bet they voted for Sleep Joe!
And who do we blame for this Apocalypse? Those in power, who else? There is no way out. As the Corona Virus (China Wuhan Virus) spread like the California Paradise Fire,
Photo by ABC News
inflation will be no match; it will go nuclear in coming months. If you think 7.5% is high, wait, try 10, 12, 15 and 20%. Bringing us back to Jimmy Carter Days. Interest rates will spike too. Like they did back in 1980. Those were the days weren’t they? Rates back then were up in the ionosphere, something like 15%, inflation 20%.
One look into our crystal ball gives us a clear vision of what we will encounter in the days ahead. Riots, smash and burn, murders, robberies, military action, government rationing, precious metal and Bitcoin confiscation and Suicides. Expect the worst but hope for the best.