The fed fired the biggest monetary bazooka in history to save the markets during covid. They expanded the money supply by like 25% over a period of 18 months. Also to pay for the normies to sit at home and jack off whilst watching Netflix. This comes after a decade of basically 0% rates and 3 rounds of QE. The fed has basically saved the markets each time there has been some sort of wobble. But now inflation is raging. To save the dollar they must raise interest rates. But this will pop stocks, real estate, and maybe the whole economy. This is the crash. I expect at some point when the markets do really start to plunge that the fed will reverse course and go back to money printing.
I appreciate you trying to explain but I still don't quite understand. What will this look like for low hourly wage people? Are we talking about millions of Americans starving/freezing to death soon?
We are, but not because of the financial market implications the GP is talking about. Get prepared. Get 1 Sawyer Squeeze water filter per person you care about. And get at least three 30-day food buckets (at least 1,500 calories each, Augason Farms is a good option) per person as well. If you can afford it, get 12 per person, so that you can last a year without outside food sources. I promise you this will be the most important investment you ever make in your life.
The fed fired the biggest monetary bazooka in history to save the markets during covid. They expanded the money supply by like 25% over a period of 18 months. Also to pay for the normies to sit at home and jack off whilst watching Netflix. This comes after a decade of basically 0% rates and 3 rounds of QE. The fed has basically saved the markets each time there has been some sort of wobble. But now inflation is raging. To save the dollar they must raise interest rates. But this will pop stocks, real estate, and maybe the whole economy. This is the crash. I expect at some point when the markets do really start to plunge that the fed will reverse course and go back to money printing.
I appreciate you trying to explain but I still don't quite understand. What will this look like for low hourly wage people? Are we talking about millions of Americans starving/freezing to death soon?
In a prolonged recession there are normally mass layoffs.
We are, but not because of the financial market implications the GP is talking about. Get prepared. Get 1 Sawyer Squeeze water filter per person you care about. And get at least three 30-day food buckets (at least 1,500 calories each, Augason Farms is a good option) per person as well. If you can afford it, get 12 per person, so that you can last a year without outside food sources. I promise you this will be the most important investment you ever make in your life.
If you live in the desert, like me, store water.