Some would say I need to stop listening to the prophets of doom, but the truth is, they’re not spewing ignorable nonsense. The indicators are pointing in one direction, and as much as I’d love to stay positive, I’m finding it harder and harder as the days go by.
For all intents and purposes, we’re witnessing an economic contraction. Yes, some talking head might find specific things that look pretty good, but the GDP is moving in the wrong direction. A -2.4% might not sound like much to us, but let’s keep in mind this is only the beginning of the downfall.
JP Morgan recently put the odds of a recession at 60%, a number that even the most bullish voices are struggling to frame in a positive light. This morning, Anthony Pompliano reminded us that the Fed does have tools to avoid a recession and went as far as to suggest turning the money printer up to 11.
Let’s take a minute to appreciate the distance traveled. A libertarian Bitcoiner is now advocating for the money printer. Did anyone have that on their bingo card? I sure didn’t.
Anyway, here’s the deal.
Even if Trump were to reverse all his recent moves, the damage done to the economy won’t heal overnight. We’ve torched too many bridges, and the possibility of resetting relationships with other countries is slim to none. This might change when Trump leaves the Oval Office, but that’s another story.
Who could’ve seen this coming? Libertarians supporting more taxes and inflation.
MenO
Am amazed at the economic turn of events in this short time of Trumps reign…what we thought would be a good news to the American economy and the world at large has turn to a down hill decent. Am thinking Trump may have been offended from his first tenure and he’s trying to turn the aggression of his rejection into this tenure else I am still trying to understand his irrational decisions aside been of erratic personality
He's on a financial John Wick vendetta of sorts.
😂😂😂
It gotta be John Wick
There are plenty money for defense and conflicts but no money for school or healthy food for people hard workers in the countries.
there's never not enough money for war...
It's going to be challenging to fix relationship with other countries. I am sure the tariff has done quite damage in those that got heavily impacted. In indonesia, it's almost like a prelude to another financial crisis that could be worse than what we used to have back in 1998. With internal instability and military gaining more power around us and now, that tariff is like the cherry on top. With that news of tariff our local currency is weaking and that isn't a great sign.
I get the reasoning behind the tariff but the economy is too global and pulling it inwards may not be the whole answer to make america great again.
The very idea that we can build economic walls and put the "globalists agenda" back into a box, is so dumb.
There's not enough time to rework supply chains. I'm frustrated to no end.
If I can think of what is the only reasonable thing to do right now. It's to learn to work the land. Sounds crazy, but it really is not.
Working the land is definitely the way to go. My friend and I have started talking about it too. We'll have to learn some stuff or at least have some control over it. Some even asked me where to put money offshore rather than in the country since essentially, trusting the government and their aids are a bad move. Cold wallet btc and others might be a way out for some of us too.
Interesting times honestly,
Oh so Money printer go brrr again hehehe. Even Bitcoin fans want it now. That’s how bad things look, didn't think the day would come, who am I kidding, eventual
get yourself a 3d printer dude. make your own monies. be ahead of the curve.
perfect advice Meno, that's the best advice ever, we all gonna print our own cash, fk inflation 😎🤣
Well, maybe the solution is not through 3D printers yet. But perhaps, it could be possible through nano-replicators very soon.
this is something I'm looking forward to happen
Well, as long as you have the patience to wait at least 75 more years like Michio Kaku says or only 30 more years as James Burke says, and assuming you are still alive, then I don't see any problem with that.
i Believe I'll be alive in 30 years, but since tech has this nature of accelerating it could happen faster