posted March 07, 2022 08:31 PM            

quote:

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Originally posted by SDragon:
Gold is coming under a lot of pressure. It may still be hanging on to it's safe haven status, but I think it's more of the canary in the coal mine indicating deflationary pressures are coming. There's barely been an increase in the value of the USD, and the slight increase that has happened can't be seen as the sole reason for gold's decline, but I can see that changing quickly.

It's been a year or more since the lockdowns have started to come into full effect. The useless stimulus checks have either been thrown back into the market or used to pay off debt which can both be seen as deflationary as it does not help the velocity of money circulation in the economy. The unemployed who still had some savings will have reduced all expenses, including cancelling services, cell phones, and anything else that they don't need, and soon some will start selling their financial investments in order to pay their bills. Once this starts to happen and others see the 'value' of their money disappearing, we'll be primed for the next financial crisis.

Good bye market, good bye finance as we've known it, welcome to the great reset, digital dollars and cryptocurrency - universal basic income will no longer be a 'discussion', it will be the solution. The global depression will probably last into 2024-2025 whereby the digital future will then be primed and ready to go. Two to three years of suffering by the populace should be enough for them to fall in line with any solution proposed. So I expect deflation in almost everything as the scramble for 'currency' to pay off debt increases, but at the same time an increase in commodities, energies and food prices, not due to inflation, but actually due to basic supply/demand as they become more scarce and therefore more valuable.

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The Covid pandemic was used as an excuse by governments to test the herd mentality of the populace and their willingness to follow official government (useless) mandates and propaganda. Two years of being locked down has seemed to be enough to acclimatize the population to a new normal, one where they look to government to decide what is for their greater good - not unlike what The Third Reich and Hitler did in Germany prior to WWII. Well, now it seems that war in Ukraine with Russia is the greater good. And the democratic West and NATO will do everything in their power to punish Russia by ostracizing them from the global economy, consequences be damned.

Oil and gas gets more expensive? Heating and food? Deal with it, can't you see that we're fighting for the greater good? Everyone will need to make sacrifices during these times, the leaders proclaim on their high horse of justice and morality. And the populace say nothing except for slight grumbling here and there, for the cause of all their discontent is obviously because of Russia, and eventually China - their leaders tell them so. And as the tranquility of a global peace are torn asunder, supply chains break down and stores become more bare, for when China attacks Taiwan, and they surely will, well, everything's made in China, and they won't feel the need to ship it all the way to North America anymore.

And as global war breaks out, governments will step in securing their total control of the population, for desperate times require leaders willing to do what's necessary. Internment camps for anyone Russian or Chinese for they could be spies. Price controls and food rationing for when supplies become more rare, they must make sure there is no price gauging after all. And to finance the war? Well, they'll just have to print as much money as they need to, sorry if your purchasing power is cut in half, but we provide your food rations, so you don't really need your money anyways, we'll just hold it in trust at the bank until the war is over and you'll be given universal basic income as a pension, not that it'll be able to buy a lot. And the population bites their tongue and hang their heads in shame, for they know what happens to dissidents and they know the time to resist had passed and is no more.

These higher prices will start to be reflected in everything soon enough. I've never really been a prepper, but I would suggest stocking up on things you know you will need and can be stored for a while, for prices will not be going down after they go up and items will start to go out of stock very quickly with long periods before they are available again.

posted April 09, 2023 08:25 AM            

Also, it looks like China will attack Taiwan. If they take control of Taiwan's chip industry, that and the fall of the U.S. dollar will destroy the U.S. economy.

The U.S. House Republicans needs to hold firm against raising the debt ceiling without reducing out of control spending.

posted April 09, 2023 08:31 AM            

UK psychic, Craig Hamilton-Parker, is predicting a very challenging 2023 and 2024.
Yes, there will be food shortages. It's a good idea to have reserves of non-perishable food.