______________________________________________________
The Survival Economist
Premiered Sep 5, 2022
The U.S. economy needs a re-set if it is to lift all boats, and the sooner the re-set occurs, the sooner we can dispense with all the cronyist intervention, self-serving m**********n and exploitive distortion that’s turned our economy and society into a speculative casino that only benefits a few insiders and those who know how to rig the game in their favor.
Most people are ill-equipped for recession, never mind Depression or Collapse. The secret to riding out a recession is no debt. Trump will be tweeting about amazing new economic data, a winning trade agreement with China right around the corner, incredible jobs numbers, super-mega worker productivity and corporate profits just as the FED’s trading desk swings into high gear to buy up billions of dollars worth of US corporate stock and bonds! There is NO economy; there is only market m**********n. Realistically, it’s too late for most debtors.
We have at best a matter of months before the shit hits the fan. If you haven’t ferreted away a few years worth of savings by now and vacated major population centers, you’re unlikely to survive the Reset. Zombie corporations and local governments that have been insolvent in all but name will finally go bankrupt, clearing the system of their d**d weight. Economies supporting zombie entities are sacrificing their capital to keep insiders afloat, which leaves less capital to invest in increasing productivity, which is the only way to increase broad-based wealth.
The Everything Bubble will finally pop, stripping the system of phantom speculative wealth and fictitious capital. Price discovery will once again be possible, as all the central bank-inflated bubbles will deflate and real demand and supply will set the price of assets. Once central banks have been revealed as powerless, the quasi-religious belief in their omnipotence will dissipate, and people will finally start dealing with the Gilded Age excesses of the past 20 years. Common sense limits on financial predation and trickery will gather support, and tricks like corporate buybacks will be outlawed or restricted.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
