Economic collapse is now unavoidable. Whether this happens via a deflationary or an inflationary or a stagflationary collapse is an open question, but also academic. In any of these future states, the average person gets economically harmed while the wealthy do relatively better.
And by “collapse” I don’t mean “things suddenly go all Mad Max all at once.” I mean 1) whole sectors like finance retreat and don’t come back, 2) printing money comes to be regarded as an act of sabotage that harms more than it helps (thereby ending a 40-year-old regime of currency debasement), and 3) we all suddenly have to begin living within our means.
Those who can grasp these macro trends have the opportunity to fare far better than those who don’t. While there are no guarantees in life, at least you can stack the deck in your favor. If you haven’t already done so, please watch the Crash Course – a video series I first made available to the world back in 2008 and updated in 2014. It is both predictive and explanatory.
So, my message is simply this; a recession is on the way. Possibly a very bad one. It will scare a lot of people, especially those in Europe who are facing an extraordinary energy shock to boot.
Eventually, the central banks will cave in to pressure (mainly from their rich and powerful friends) to once again resume printing. That moment will be the starter’s pistol for the next phase of our decline.
To get through this in style and with a minimum of disruption, we’d need effective, bold, and well-informed leadership. Sadly, we haven’t got any of those sorts in charge at the moment.
So, buckle up, this next year is going to test us all. Become resilient and find your tribe!
from Peak Prosperity https://ift.tt/wq3zvBs
