Editor’s Commentary: A reader on one of my Substacks asked a question that I haven’t really thought about answering until now: “…when to get out of the traditional market for those still clinging to the idea that the market will normalize.” I’m often guilty of assuming everyone’s seeing things that I believe are crystal clear. In this case, it’s as close to 100% as possible that there will NOT be a normalization of the markets anytime in the near future. And by near future, I believe it would take an act of God to reverse the course of western economies, including ours, before we reach a sustained and deep recession, possibly even a depression.
Possibly even a full-blown economic collapse.
The reason this is so clear to me is because I see the actions of leaders across the globe, including the Biden-Harris regime, and realize they are NOT going to do anything to prevent the collapse from happening. They WANT it to happen. Only when the system is irreversibly broken can the globalist elite cabal achieve The Great Reset.
Some point to the midterm elections as a way to reverse course. At best, a red wave will slow the bleeding. Even if they take both the House and Senate, they will not be able to pass meaningful economic legislation that doesn’t get vetoed by Joe Biden. They can prevent new legislation similar to the Inflation Reduction Act from getting through, but that’s about it. And unfortunately the feckless Republican Establishment will still be in control with Mitch McConnell and Kevin McCarthy calling the shots, so anyone looking to a post-election economic surge is missing the point.
This is why I’m so bullish about moving investments, wealth, and retirement to precious metals. Those who are familiar with my past work know that I was never big on gold and silver until about a little over a year ago. In the past, I had panned gold and silver because I believed the Trump economy would remain strong, rebounding well after Pandemic Panic Theater ended. I did not expect Biden to “win,” nor did I realize just how rapidly his regime would act to destroy the economy. I’m late to the precious metals game, but I’m trying to make up for it by recommending three America First precious metals companies.
The vast majority of companies that sell gold and silver are either donating to Democrats, working with proxies of the Chinese Communist Party, or both. This is why I only found three out of the two dozen that I vetted that I can recommend because they’re ideologically aligned. As fate would have it, they come in three sizes. Our Gold Guy is a small, family-owned precious metals shop that offers personal service. Genesis Gold Group is mid-sized and is the first one I found that focuses on Christian fellowship. Goldco is the big one.
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On today’s episode of The JD Rucker Show, I dove into what to expect with the election. But the portion pertinent to the economy was the final segment, which you can see here if you don’t want to watch the whole show. I referenced the article below by Michael Snyder over at The Economic Collapse Blog…
Things haven’t looked this bad for the U.S. economy since 2008. We are in the midst of the worst inflation crisis in decades, the housing market has started to collapse, some of the largest companies in America have begun laying off workers, and economic activity is slowing down all around us. Of course Joe Biden is telling us that our economy is “strong as hell”, but that is just because he wants his party to do well in the upcoming elections. Ultimately, anyone that takes a truly objective view of things is forced to admit that the outlook for the months ahead is incredibly bleak. The following are 12 reasons why it is impossible for any rational person to be optimistic about the U.S. economy at this point…
#1 According to a recent Gallup survey, two-thirds of Americans believe that economic conditions are getting worse. When such a large proportion of the population starts behaving as though an economic downturn is coming, that actually makes an economic downturn even more likely. So many Americans are starting to hold on to their money more tightly, and that is having lots of ripple effects.
#2 The second largest auto lender in the United States just announced that it “saw charge-offs for retail auto loans quadruple in the third quarter”. We are also seeing credit card delinquencies start to rise. We certainly aren’t at 2008 levels yet, but we are moving in that direction.
#3 Cargo traffic at the Port of Los Angeles just declined to the lowest level that we have seen since the early days of the pandemic. As I noted earlier, economic activity is beginning to slow down all over the nation. One recent survey discovered that 98 percent of corporate CEOs believe that a recession is coming, and those CEOs are behaving accordingly.
#4 Major retailers such as Walmart and Target have been canceling billions of dollars in orders as they seek to cut back inventory levels. In all my years, I have never seen our largest retailers cancel so many orders just prior to the holiday season. Are they expecting the next couple of months to be a total bust?
#5 Existing home sales just fell to a 10 year low. We all knew that the housing market was going to implode once the Federal Reserve started to aggressively raise interest rates, but at this point that implosion is happening faster than most of the experts had anticipated.
#6 U.S. homebuilder sentiment has declined for 10 months in a row. That is a brand new record. I really feel sorry for you if you are a homebuilder or if you work for one. The months ahead are not going to be pleasant for you.
#7 60,000 real estate deals were called off in the month of September alone. I was stunned when I first saw that number. All over the country buyers are realizing that they agreed to pay too much and are feverishly trying to back out of deals while they still can.
#8 Mortgage demand has plunged to the lowest level in 25 years. Things never even got this bad during the downturn of 2008 and 2009. To me, this is a really troubling sign.
#9 Ian Sheperdson, the chief economist at Pantheon Macroeconomics, is projecting that home prices could fall 20 percent over the next year. Hopefully that will not happen, but there is also a possibility that they could fall even further than that. We will just have to wait and see how rapidly this new crisis plays out.
#10 U.S. diesel inventories have fallen to the lowest level since 2008. This is something that we will want to watch very carefully, because the U.S. economy runs on diesel.
#11 The core consumer price index has just surged to “the highest level since 1982”. Even though the Federal Reserve has been on an insane rate hiking spree, our inflation crisis continues to rage out of control. And as prices continue to soar, our standard of living is being absolutely eviscerated.
#12 A model created by Bloomberg economists Anna Wong and Eliza Winger indicates that there is a 100 percent chance of a recession within the next 12 months. Of course it is entirely possible that their model could be wrong. But without a doubt this is not a good sign.
Right now, even some of our society’s most relentless optimists are warning that tough economic times are ahead.
For instance, in a post on Twitter Elon Musk just suggested that we could be suffering through a recession until the spring of 2024…
If Elon Musk is any type of financial prognosticator, the market and economy could be in trouble for more than a year to come.
When prompted in a Twitter thread early on Friday morning, the Tesla CEO said that he thought the current recession would last “probably until spring of ’24”.
Because he is such an optimist, Musk believes that economic conditions will turn around eventually.
But what if they don’t?
What if the “perfect storm” that we are currently enduring ultimately results in the collapse of everything?
Are you prepared for such a scenario?
Previous generations of Americans handed us the keys to the most prosperous economy that the world has ever seen.
But instead of managing it carefully, we have piled up the biggest mountain of debt in the history of the planet, we have transformed Wall Street into the globe’s largest casino, and we have systematically destroyed the reserve currency of the world.
Thanks to a very long series of incredibly foolish decisions by our leaders, we are now facing a war with Russia, a collapse of the housing market, a global food crisis, a global inflation crisis and a worldwide financial meltdown simultaneously.
The entire system is starting to crumble all around us, but most people still believe that things will “return to normal” at some point.
Personally, I would love to see things “return to normal”, but unfortunately it appears that is not likely to happen any time soon.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. In addition to my new book I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.
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I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.
Article cross-posted from The Economic Collapse Blog.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
JD, don’t be so sure that there will be elections on November 8th . . . or anytime after that.
The Globalists and their Deep State infrastructure understand very well that they cannot relinquish the political power they have obtained with so much difficulty.
Pray to God Almighty the Creator, Giver of Life!
In my state of Idaho the building of apartments complexes is on steroids. They are building many large apartments complexes all over the city of Idaho falls.