Tuesday, August 18, 2015
One Minute to Midnight. Are You Ready?
So we are one minute to Midnight on the economic doomsday clock now are we? The Western Central banks have strengthened the dollar as far as they can to the point it is causing real economic pain around the world especially in emerging markets.
23 Nations around the world are crashing
Are you ready? Will this actually be the end game economic crash this time around?
Hard to say I guess. Many experts are now claiming the central banks have nothing left to throw at the economic issues. Even if the crashes and collapse we see going on around the world continues how much and deeply will it effect the good ol' USofA?
If foreign investors can no longer afford to buy US debt or dollar denominated securities then the writing might be on the wall. When that in fact happens the US government must either live within it's means or continue to have the FED buy the debt almost exclusively. Some say that has already happened but to date dollars have not started rushing back into the US economy so we have managed to stay afloat at the expense of the world economy so far.
In the end this creates a sort of muddled mess however. Crashes across the world cause commodities to fall while inside the US continued money printing and internal debt buying tries to cause inflation. The local and state answer to the problem is increased taxation which also tends to cause deflation as the private money is taken and not spent on other purchases. Which in turn causes more layoffs and business closings and back to less tax revenue. A vicious cycle to say the least.
Overall this will mean the balance beam we been walking will more than likely become a tight rope now. We have to somehow stay afloat while producing what we need while also being able to pay what the government demands.
As I have mentioned over and over the build up to the economic meltdown is the most dangerous time for true sustainers and preppers alike. We have to survive in two worlds at once. Kinda like producing with Peter so we can afford to pay Paul type of thing. The more we can do for ourselves that never sees any government accounting the better off we are but we must also remain on those ledgers or the very same government will come calling.
Difficult times are coming but once we can make it passed the ravenous government beast it will become much easier.
Keep Prepping Everyone!!!!!!