I believe we are entering a severe recession and quite possibly a depression. Now I know that this not what you are being told and not what the numbers and the stock market are saying. Best I can tell is that the government is lying to us, bigtime, rigging both the inflation rate and the economic growth rate (the CPI) and also using printed money to support the stock market, and that this will eventually fail and be very bad.
Here is why I say this. Look at what we know is now bad..
- 40% of Americans have maxed out their credit cards. They can’t borrow more, but are faced with interest rates on those balances of something like 22%.
- On prices, do you think they’re only up 19% in the last 4 years? Especially on what we really need to buy?
- Huge numbers of home mortgages are entering default.
- Huge numbers of commercial mortgages are in default.
- Most of our banks are bankrupt due to loading up on 2 -3% treasuries, commercial mortgages, and also home mortgages. Do you really think the Fed can continue to bail them out?
- The federal government has massive unpaid debt and continues to spent trillions more than they take in every year.. and so much of it is spent in really bad.. really unproductive.. ways.
- Many of our big cities are facing really big debt problems.
- Other countries won’t be helping us. Did you know that over 70 countries currencies are facing collapse?
- Lastly, here’s something I’ve seen personally. I have a small wholesale company selling to about 55 California convenient stores attached to the really big gas stations. And it’s reached a point where virtually every one of them are telling us that their sales have crashed. No dropped. Crashed!
As to what I’m investing in, I continue to invest in Bitcoin and Ethereum, gold and silver, and gold and silver miners. They’ve been rigging the gold and silver prices for the last 15 years but the odds are that they won’t be able to continue and that the prices will explode.
On Bitcoin and Ethereum when I first invested 3 ½ years ago at about 9,000 for Bitcoin and Ethereum at about 400, I said that there was a 70% chance of them exploding in price and a 30% chance I’d lose most on my money. Here we are 3 ½ years later and I’ve made 450% on that money and believe the odds going forward are about the same.. say 80% chance prices will explode from here and 20% chance you’ll lost most of your money
As to what you should do.. some gold and silver and gold and silver mining stocks for sure. As to Bitcoin and Ethereum, I leave that up to you.