I realize most don't care and many get annoyed by my posts. I get a lot of haters. I really don't care. I have tried to warn people of what is coming in the economy for some time. It's so hard when no one wants to hear it and everyone just thinks you are preaching and don't know what you are talking about.
I am sorry if that is how you feel; although most have unfollowed me by now. I could care less what you do, I just feel for people and want the best for you. Everyone said it would keep going forever. You had years of a booming economy, hot job market, rising real estate investment, rising stock prices, and now it is most likely all coming to an end. You are about to find out why I was telling people to save their money and buy physical assets. Instead many bought so much crap they didn't need, maxed out debt, over-extended, travelled, over-schooled, and constantly pursued fun instead of working hard; And now many will experience the pitfalls of not saving or living within their means.
They are fragile and at the mercy of the governments and central banks (even more so then the rest of us). Credit will freeze, banks won't have people's cash, jobs will disappear, and very shortly we will enter hyper-inflation and things will get REALLY expensive. Those living paycheque to paycheque will be liquidated and lose what little they had. Central banking and fiat currencies are to blame but many won't understand why. They will demand the governments do something, but the governments are broke too. There will be very little tax revenue to pay for the growing demands of socialism and the burden of the aging boomers as they look to start drawing out of the system.
We could very well enter a scenario similar to the great depression. We all had ample time to prepare but very few saw what was coming. For all of our sake I hope I am dead wrong. I pray for everyone in the trying times ahead. May God bless
you.
Curious CAT
