Liquidate monetary assets. Find a little farm in the middle of nowhere, near a water source, if possible. Get some chickens, start gardening. Get some weapons and ammo. Think wagon train
What did those people take into the wilderness to start a new life? They had a 90% success rate, incidentally. Learn all the lost ancient skills, and make yourself as small as possible. We've been cramming for the finals for five years solid, and still making progress. It isn't easy, but it can be done.
Per CNBC, Trump has had the audacity to blame Biden for the negative GDP.
Trump's call to Jeff Bezos about displaying tariff price adjustments shows that Trump hates for us to know the truth. The reality about Trump's policies is there for all to see. What does he think he's hiding?
Genesis 41, Pharaoh has two dreams, both involving the same seven-year pattern. The first dream features seven fat and healthy cows being devoured by seven thin and ugly cows. The second dream shows seven plump, good ears of grain being swallowed by seven thin and withered ears. Joseph interprets these dreams as a prophecy of seven years of plenty followed by seven years of famine in Egypt
I agree things are not all what they seem and various lag effects will make it even more complex and difficult to discern. HOWEVER... I do not agree with the tunnel vision view Greg seems to have adopted lately. Everything is in flux and there are a ton of variables in play. I have loads of respect for Greg but I think he is a little off the mark here.
Finally, and most importantly, net trade (exports less imports) was a whopping 4.830% hit to the final GDP number, a 5% swing from the +0.26% contribution in Q4. This was entirely the result of soaring imports (of which gold was about half) in Q1 which hit GDP by a near record 5.03%. Just like inventories, this number will now reverse in coming quarters as tariff frontrunning ends and is reversed.
Thank you Greg for doing GODs work and helping to save people's lives. You have been on a rescue mission against this Babylonian system trying to destroy humanity and helping to free all those who are listening.... WE ARE LISTENING and PREPARING. GOD bless you and everyone who reads this message.
Precisely what happens when real unemployment numbers are hidden and people stop consuming. Also, all those laid off government workers. If only Trump could be honest about the true state of the economy. That would go a long way.
The economy has been dead since the GFC! The Fed has just kept the market on life support with pure unadulterated lies. I would have said Bull Shit but in a Bull Shit story there are underlying truths that are blown out of proportion.
What a bunch of BS. Tens of thousands of gubmint workers are being laid off and gubmint is being made more efficient. The gubmint is too high of a % of GDP and it needs to come down. Short term pain, long term gain. Greg only makes money spouting doom porn. MAGA!
Although I agree 100% with what you say here, that's STILL money coming out of peoples pockets so it still has the same effect (to the extent that money is paid out to US citizens at least) as a drop in GDP. Should government spending be counted to begin with? That's another argument. And I agree, pain now for long term benefit.
Thank you Greg for keeping us all informed. Telling us like it is. We all appreciate all you do for us. God bless you brother.
Get away from Babylon and it's money as fast as you can.
How do we do that in practical terms?
Liquidate monetary assets. Find a little farm in the middle of nowhere, near a water source, if possible. Get some chickens, start gardening. Get some weapons and ammo. Think wagon train
What did those people take into the wilderness to start a new life? They had a 90% success rate, incidentally. Learn all the lost ancient skills, and make yourself as small as possible. We've been cramming for the finals for five years solid, and still making progress. It isn't easy, but it can be done.
Great update. Just bought more gold today.
Good move, I picked up some silver today.
If we entering a recession here gold and silver will dump along with everything else . Only the dollar and treasuries will hedge.
DOLLAR & TREASURIES HAVE ZERO VALUE -------ONLY REAL MONEY IS GOLD SILVER & LAND ------WHERE WERE YOU EDUCATED ?????
Worthless Government/FED fiat money. Worthless sub prime US Treasuries.
Per CNBC, Trump has had the audacity to blame Biden for the negative GDP.
Trump's call to Jeff Bezos about displaying tariff price adjustments shows that Trump hates for us to know the truth. The reality about Trump's policies is there for all to see. What does he think he's hiding?
Trump is no savior.
Were riders in the storm! The Doors!
A little off topic, but I still believe Rush Limbough was Jim Morrison.
Hahahahaha
Genesis 41, Pharaoh has two dreams, both involving the same seven-year pattern. The first dream features seven fat and healthy cows being devoured by seven thin and ugly cows. The second dream shows seven plump, good ears of grain being swallowed by seven thin and withered ears. Joseph interprets these dreams as a prophecy of seven years of plenty followed by seven years of famine in Egypt
Or maybe they're facing seven years of Tribulation, in which case I will be OUTTA HERE!
It is unnerving but expected. Our greatest asset is one another. I am praying we recognize that great fact in the challenging days ahead for us all.
I suggest ya'll read this article before you run for the hills:
https://www.zerohedge.com/economics/us-q1-gdp-contracts-record-imports-shrinking-govt-consumption-comes-stronger-expected
The second quarter will show we are not in Kansas anymore. There's a lag between action and reaction.
I agree things are not all what they seem and various lag effects will make it even more complex and difficult to discern. HOWEVER... I do not agree with the tunnel vision view Greg seems to have adopted lately. Everything is in flux and there are a ton of variables in play. I have loads of respect for Greg but I think he is a little off the mark here.
Another quote from Zerohedge:
Finally, and most importantly, net trade (exports less imports) was a whopping 4.830% hit to the final GDP number, a 5% swing from the +0.26% contribution in Q4. This was entirely the result of soaring imports (of which gold was about half) in Q1 which hit GDP by a near record 5.03%. Just like inventories, this number will now reverse in coming quarters as tariff frontrunning ends and is reversed.
Thank you Greg for doing GODs work and helping to save people's lives. You have been on a rescue mission against this Babylonian system trying to destroy humanity and helping to free all those who are listening.... WE ARE LISTENING and PREPARING. GOD bless you and everyone who reads this message.
A Must read!
https://thenewamerican.com/files/TNA4107.pdf
When does Trump proclaim his National Emergency and play FDR?
Precisely what happens when real unemployment numbers are hidden and people stop consuming. Also, all those laid off government workers. If only Trump could be honest about the true state of the economy. That would go a long way.
As my mother often said, "If wishes were horses, then beggers would ride." Unfortunately, I do not see this president coming clean on anything.
Sounds like a good Irish woman lol. Soo many expressions .
Exactly. I could write a book!! 😃
Wow! This is huge. 🙏
The economy has been dead since the GFC! The Fed has just kept the market on life support with pure unadulterated lies. I would have said Bull Shit but in a Bull Shit story there are underlying truths that are blown out of proportion.
Agreed. Everything was just papered over.
What a bunch of BS. Tens of thousands of gubmint workers are being laid off and gubmint is being made more efficient. The gubmint is too high of a % of GDP and it needs to come down. Short term pain, long term gain. Greg only makes money spouting doom porn. MAGA!
Although I agree 100% with what you say here, that's STILL money coming out of peoples pockets so it still has the same effect (to the extent that money is paid out to US citizens at least) as a drop in GDP. Should government spending be counted to begin with? That's another argument. And I agree, pain now for long term benefit.