Be Aware and Prepare - Part 2

in #economy • 8 years ago (edited)

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In part 1 of this mini-series, I talked about military war and the huge toll it would take. Please read the full article at https://steemit.com/war/@ajain/be-aware-and-prepare-part-1 before proceeding to this article as it provides a context to the whole series.

In part 2, I want to highlight the economic war that has already been in making for decades against the common man but we were probably not paying attention. So let's look at the real data and not the data and the spin that media portrays (that will be the subject of third part of this series).

  1. New home sales - down
  2. Existing home sales - down
  3. Pending home sales - down
  4. Personal income - down
  5. Personal expenses - down
  6. Auto sales - down
  7. Retail sales - down
  8. Fresh graduate job fulfillment rate - down
    9 Restaurant foot traffic - down
  9. No. of retail stores - down
  10. Movie ticket sales - down
  11. Bank Liquidity - down
  12. Manufacturing jobs - down
  13. Durable goods sales - down
  14. IRS tax receipts - down

Let's look at what is up:

  1. Health insurance premium - up
  2. Unemployment rate - up
  3. No. of people moving back with their parents - up
  4. No. of people on food stamps - up
  5. Student loans - up (now exceeds credit card debt)
  6. Credit card debt - up
  7. Auto loans - up
  8. Household debt to GDP - up (although lower than 2007 recession)
  9. Non-mortgage debt - up
  10. Home prices - up
  11. Wealth gap between rich and poor - up
  12. Trade deficit - up
  13. National debt - up
  14. Auto inventories - up

Additionally, following bubbles have been created (nobody really knows how to spot a bubble)

  1. Stock Market - all time high (with all-time high P/E)
  2. Cryptocurrencies - all time high
  3. Bond market - all time high
  4. Housing market - all time high (higher than 2007)

So what does it all mean?
First, you are squeezed from both ends - lower income, higher expenses.
Second, you are forced to have a more uncertain future (unfunded social security and medicare).
Third, you are forced to participate in the bubble only to have it burst before you can get out.

So essentially, your survival depends on welfare and with that scenario, there are only two things you can do - rebel or be a slave. Neither scenario is what a human should have to make a choice on.
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#war #prepare
8 years ago in #economy by
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     8 years ago  

    Yes its certainly true that the cost of living is rising but wages etc are not keeping up. Very true that there's bubbles everywhere.

    But even within the stock market there's bargains to be had (mining stocks) and buying precious metals gives us some hedge.

    Like most people I'm carrying a decent amount of credit card debt but the silver I hold is worth far more than it (even at these suppressed prices).

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       8 years ago  

      Then you are doing better than 98%. To hold physical assets such as silver, gold, etc. is the preparation part of it. But even that will go only so far. Stay tuned for the series on preparation.

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