Someone points out that we’re already in a recession, even if nobody wants to admit it.
Let’s take a look at three key areas.
If honest numbers were being used, they would show that GDP growth has been negative for almost the entire time that Joe Biden has been in the White House. That would indicate that we are at least experiencing a recession.
And if honest numbers were being used, they would show that the unemployment rate in this country is sitting at about 25 percent right now.
Needless to say, that is absolutely horrible. And if the rate of inflation was still calculated the way that it was back in 1980, it would still be in double digit territory even though it has come down a bit. The official numbers that the government gives us are designed to make us feel good about things. But at this point things are so bad that the charade is falling apart.
Food costs are up. Energy costs are up. Housing costs are through the damn roof. If I didn’t already own property up where I live I’d be screwed because I couldn’t afford to purchase it today, and I made far more in my last year of military service than I did when I purchased the property back in the early 2000’s.
And the people with their hands on the levers of power are either in denial about everything, or they’re just flat out lying to you and shoving as much lucre into their bank accounts as they can before it all comes apart. You know it, I know it.
Just on housing costs alone I don’t see how we come out of this without some sort of massive collapse. When the average family cannot afford a home, there’s no incentive to keep pushing forward.
“If you look back to the Great Depression, the house was only three times the average salary. Now, it is eight times the average salary,” Smith said. “The car was 46% of the salary, the car today is 85% of the salary. And here’s the craziest part, the rent was 16% of the average salary, it is now 42% of the average salary.”
You have to make six figures to be able to afford a home in today’s economy. How many jobs out there make six figures? And if you were one of the kids who got suckered into taking on tons of student debt? You’re screwed. And yes, I said it exactly like I wanted to say it: SUCKERED. Most degrees aren’t worth the paper that they’re printed on, and people are taking out hundreds of thousands of dollars of student loans in order to get them.
These people are generationally screwed, saddled with debt that they will be paying for decades, all for a degree that has prepared them to cook fries at McDonalds at best. Most likely, it’s indoctrinated them with a mindset that will cripple their chances for success in the future, and twisted their minds so that they’ll never even question why everything they believe keeps turning into shit.
Do I have any answers? Buy emergency food. Buy ammo. Buy silver rounds, so that when the economy collapses you’ll have at least some sort of currency that you can use. You can buy gold if you wish, but when you want to trade your shiny metal for a bushel of food, how are you going to break that gold into small enough pieces to buy what you want?
Prepare yourself locally to weather the storm that’s coming. Whatever form America wears on the other side of the storm isn’t going to be what it is today. And I think that’s probably a good thing.
3 comments
More, please, and louder.
2025, amigo. I wasn’t kidding then. I am not kidding now.
Paper money always returns to the value of the paper. It can work if those who administer it are honest and mature, which means, of course, it never works in the long term. In short, we’re screwed.
In the ’70s as the dollar was collapsing due to killing the last vestiges of the gold standard allowing the skyrocketing LBJ and then Carter spending, they called times like this with horrible inflation and a recession at the same time “stagflation.” History isn’t quite repeating, so far. That was ended when some people with sense slowed the insane spending for a while. Today, that would require shutting down 50% or more of Federal agencies or firing that many employees, kicking millions of illegals out of the country and cutting millions more off welfare. Fat chance.
But don’t mind me. I’ve been expecting the Next Dark Ages “real soon now” since around 2006.
The coastal and overleveraged areas are the ones that will take the worst hit.
I’m in a moderately-priced house ($145,000 to buy in 2021). We used our cash to make repairs and upgrades for the long haul – chair lift to the basement, railings on all entrances, insulation. I figured that the dollar may soon be gone, but the house can be comfortably lived in, and we have room for a boarder or two.
Sufficient space in the back for a good-sized garden. May have to set up some deer alarms, that’s always a problem in OH.