And so the major recession that’s long been predicted finally begins. Right on time, IMHO - they almost always start in the latter half of January when they’ve been pushed off as much as possible like this & the investors get the year-end numbers they wanted.
As conditions deteriorate and people become more desperate, Trump (more accurately, his Heritage Foundation handlers) will use the disarray to impose martial law, and the US will decend further towards civil war.
I hope I’m wrong.
Everything seems to be fine. Markets up. No problems in America right now according to the market.
The stock market is an excellent way to judge how a country is doing.
And so the major recession that’s long been predicted finally begins. Right on time, IMHO - they almost always start in the latter half of January when they’ve been pushed off as much as possible like this & the investors get the year-end numbers they wanted.
As conditions deteriorate and people become more desperate, Trump (more accurately, his Heritage Foundation handlers) will use the disarray to impose martial law, and the US will decend further towards civil war.
I hope I’m wrong.
Gold has actually been going up at a good pace for a while now, especially since Trump was elected in the US - for example its price went up 65% last year in US Dollars, whilst the year before it went up 40%.
The trend has been for a while of Gold going up in price or, the way I see it, the economies behind the biggest currencies becoming more and more disfunctional. Absolutelly, the latest Trump shenennigans have accelerated the price growth for Gold in USD, yet as I see it a person like Trump getting elected as US President is itself a sympthom of a larger malaise in the US.
Gold is basically the ultimate refuge against economic uncertainty - which in turn is often the indirect result of political and societal problems, the worst the economic uncertainty the more likely it’s caused by such deeper problems - an since at least the 2008 Crash shit has jsut kept getting worse since the problems behind the 2008 Crash (over indebtness, Financial deregulation, growing inequality, a general political environment that vastly favors rent-seeking activities and so on) weren’t actually fixed, just pushed to be solved later with things like “temporary” (but never significantly reversed) ultra-low interest rates and, well, the Future has come and the system is riddled with market bubbles, parasites and barelly hidden much more widespread poverty.
Personally having been in the middle of the Finance Industry in the 2008 Crash and seeing up close how things were “solved” by governments and central banks, I’ve been holding most of my savings in Gold (by now for over 15 years) in the expectation of the unsustainable economic and even social structure finally cracking, and whilst for years I didn’t really gain much from it, for the last 3 or 4 years it really too of to insane levels (for example, Gold has had higher returns that Realestate).
Anyways, all this to say that whilst I agree that some major depression is definitelly about to happen, it has roots going back more than a decade, has been growing for a while and IMHO we can’t really use Gold prices as a precise indicator of when shit will trully hit the fan, more of an indicator of how close its getting. Certain my experience of betting on Economic Catastrophe based on the state of Broader Economic fundamentals is that, as the they say in the trade, “the Market can say irrational longer than you can stay solvent”, so the Economy might very well keep on limping for months or even years (on the other hand, the more things are stretched beyond capacity, the worst it gets when things finally break).
Hasn’t hit bullet prices yet, but it’s going to.
Hell, we legitimately might not be able to buy guns or bullets soon.
But right now it still costs surprisingly little to outarm the fascists.
Might be time to invest in 3D printers and machining tools… You know, for art.
Too bad they’re trying to pass laws making printing gun shaped objects illegal… However the fuck thats supposed to work
It’s small; but my grandfather, who regularly takes trips across the border (Can>USA) to buy groceries, gas, and visit casinos, exchanged his perpetual collection of USD.
He’s never going back to the US.
‘investors’ large and small are abandoning the US. Rightfully so.
I moved to Sweden a bit ago and basically speed ran dumping my usd into euros and sek. I’m keeping some behind to help fund people escaping, it’s not much but if I can even help one person it’s worth it. I pulled the plug on retirement too because I also plan on never going back and I want to be as far from US markets as physically possible
There is something that isn’t working for me about this scenario. Fascist regimes either come to power because there was a deep recession or they engineer a fake boom after taking power to justify their hard-handed tactics.
I can’t think of a single case where a fascist regime took power and then cratered a stable economy. That’s not a rational way to start imposing restrictive laws, since there is only downside to keeping them on. You give up liberty in exchange for poverty? That is hardly a bargain anyone would make.
You are failing to account for how stupid the leadership of this fascist regime is. Trump is not a revolutionary leader. He is more like the third generation of a hereditary regime. Nothing he builds is going to last very long unless someone way better comes along to shore it up.
The economy wasn’t stable before. There is an explosion of homelessness and poverty and inflation that the Bureau of Labor Statistics and the Fed paper over.
It was only ever lipstick on a pig.
