By Gregory Mannarino TradersChoice.net
Let’s start off with this… “IF the US would go into a recession, that would be a step UP from where we are now.”
GM
Today the global economy is “functioning”, or should I say being driven, into a deliberate crisis-to-crisis mechanism which assures only one thing- CENTRAL BANKS WILL CONTINUE TO INFLATE.
Not only are central banks determined to inflate, but they will also keep the crisis-to-crisis machine propelling the world and its citizenry much deeper into debt slavery. Look around, there is a phenomenon unfolding that VERY few people are really paying any attention to, and that is this… an entirely new demographic is quickly emerging. Wealth is being transferred, FASTER, right up to the 1 and 2 percenters, and a new demographic is emerging. This new demographic has already pushed most Americans well below a “middle-class” lifestyle. Moreover, former members of the middle class are burning through their savings rapidly, while at the same time they are continuing to borrow at a feverish pace. All of this is made monumentally worse by skyrocketing inflation with no end in sight.
The world is now living under the specter of not only rapidly rising inflation, but also the threat of shortages of food and energy- which will further exacerbate inflationary pressures.
The expanding Russia/Ukraine war has sparked nations around the world to VASTLY increase their military budgets, and hundreds of billions of dollars- soon to be in the trillions, in cash and weaponry is being thrown at Ukraine in what has now become a proxy war with the United States. Funding/supporting the war is also massively inflationary- even without sanctions OR supply chain disruptions. Moreover, the people of the world should count on this war “crisis,” and every other “crisis,” to be prolonged for as long as possible to allow for more cash to be magically created to fund it.
As I said at the opening of this article, a recession would be a step up from where we are now, and I believe that people are being “conditioned” for something much worse.
Understanding that there is no relief in sight from increasing inflationary pressures, and what will certainly amount to more and more crisis’s, which will include food and energy shortages, people need to start to seriously ponder how these events are going to impact them moving forward.
It's not even a specter anymore, now it's a looming shadow of famine which is unstoppable... wait until the crop reports come in late Summer and early Fall... there will be a PANIC like nothing we've seen in our lifetimes. Only my grandmother (who lived through the depression as a very little girl) knows the horrors we're about to see... and this time, it may very well be even worse.
Hug your children and start growing and storing your own food...
Thank you, Greg. We appreciate you.
Thank you for all your input Greg. God Bless You Brother for speaking the TRUTH and getting us as prepared as we can be financially. Been stacking physical silver probably for 10 years or so trying to store as much long term food and water and have a garden (although I believe our garden needs to be much larger ) all for our family in a SHTF scenario. Trying to do as much as I can.
I feel it’s pointless to try to get others to do the same. Most of friends think I’m a nut