Economic Forces Colliding: The American Earthquake 9.0
In geologic physics when continental tectonic plates begin moving against one another an earthquake is possible. In other words, when massive forces in the earth's crust are created the effects can be devastating to the population living on top of them.
Social and economic forces can implement cataclysmic change within populations. An Iranian war with economic forces producing stress within rural America, a tariff policy that forces financial stress on the population it affects, spendthrift government spending, an overbought equity market fueled by greed, and substantively a major decline purchasing power of the population's currency leading to inflation, all these economic forces are all coming together as if tectonic plates are colliding as one force to create an economic earthquake of seismic proportions.
So it's not one thing that creates an economic disaster but multiple forces acting in concert to lead to a serious problem. Like it or not, Cheeto is presiding over an economic disaster. He doesn't want to be a Herbert Hoover, but he will become one.
As in all previous fiat currency experiments, this 50y experiment will end badly as well because the country's debt to GDP ratio is 130%, like most Western countries, and there is no wiggle room like there was in the 1980's.
The wealth preserving lesson in this coming economic earthquake is to get to safe ground which is gold and silver.
This was a good conversation. I heard about the wonderful columns that are written. I was happy about last night victorious win by progressives.
False hope is worse for me than No hope.
Economic Forces Colliding: The American Earthquake 9.0
In geologic physics when continental tectonic plates begin moving against one another an earthquake is possible. In other words, when massive forces in the earth's crust are created the effects can be devastating to the population living on top of them.
Social and economic forces can implement cataclysmic change within populations. An Iranian war with economic forces producing stress within rural America, a tariff policy that forces financial stress on the population it affects, spendthrift government spending, an overbought equity market fueled by greed, and substantively a major decline purchasing power of the population's currency leading to inflation, all these economic forces are all coming together as if tectonic plates are colliding as one force to create an economic earthquake of seismic proportions.
So it's not one thing that creates an economic disaster but multiple forces acting in concert to lead to a serious problem. Like it or not, Cheeto is presiding over an economic disaster. He doesn't want to be a Herbert Hoover, but he will become one.
As in all previous fiat currency experiments, this 50y experiment will end badly as well because the country's debt to GDP ratio is 130%, like most Western countries, and there is no wiggle room like there was in the 1980's.
The wealth preserving lesson in this coming economic earthquake is to get to safe ground which is gold and silver.