So, I’ve been really watching the markets and the economy lately. Something is up, something is wrong, something weird is happening. Yes, I know…I’ve talking/writing about this for a very long time…I understand. In the past I have been very clear in what I saw and what I thought about it…I am not shy about sharing my opinion as you know. This is different…very different. Something is going on, the up-front and obvious stuff to be sure, but I am getting a sense on something happening in the background that I can’t quite put my finger on. Kinda like I can see something lurking in the shadows but can’t quite make out the shape or details.
That being the case, I thought I would share the following in a graphic format that might help both of us get a clue of what it might be. Please feel free to share your thoughts, opinions, ideas, or questions.
Americans are struggling to pay bills, they have burned through a lot of existing savings, and are now using credit cards to pay bills, and personal savings rate is at historic lows for the average American.
US corporations have taken on a historic amount of debt, some of that debt has already driven companies out of business. Never in the history of the world has a country owed as much money as the United States. Based on the $31trilllion dollar figure…it is mathematically impossible to pay off that amount of debt…even if they intended to. And then there is an additional approximately $300trillion of unfunded liabilities lurking in the country’s future as well.
For the most part irresponsibility has caused the average citizen savings to plummet, the personal credit card debt to skyrocket, and corporate debt to hit historic highs. Simply put…people making poor, very poor, financial decisions.
And added to the poor decision making is the record setting inflation brought on by the government since Joe Biden took office. Oh, and the dramatic increase in energy costs that has helped push every single item that people buy go up exponentially in cost.
And sadly…both inflation and energy increases have been intentional. Yup, intentional…as in the government, at least on the surface, purposely created an environment where the prices went up…and the average person’s income nosedived. Yes, you are perfectly within your right to ask why they would do such a thing.
But to me, I am asking myself, trying to figure out, exactly what comes next. I think there are three basic choices…all of which I think have an equal chance of occurring…
Whatever happens…are you preparing for it?
Related Articles –
- SitRep – 10/19/2022 – Dire Warning !
- Warning Again : US Economy Continues to Fail
- SitRep – Economy – 10/3/2022
- Heads-Up…the Economy! (12/10/2021)
- Head’s Up! : The Economy (7/12/2021)
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