Global Economy Is Sinking Fast, And It Will Take The U.S. With It
There are many signs that the global economy is not doing well. Many acknowledged this including the United States Federal Reserve.
Yet few are owning up to the idea that this is going to take the United States economy down.
One of the biggest signs is the consumer stopped spending money in December When the consumer stops spending, economies suffer. This cannot be escaped.
There are also signs out of Western Europe which shows that the global slowdown is spreading.
Click on image to read full story.
Good bye dollar welcome cryptocurrency!
Posted using Partiko Android
I saw this on zerohedge. Makes me glad I bought the silver dip.
Posted using Partiko Android
The only thing I think is missed here is that "global slowing" represents deflation.
When deflation happens, currencies decrease in supply and buying power increases, resulting in a lower price in commodities and stocks and other assets.
Some people think when economies slow, precious metals do well, but it's quite the opposite.
However, I do like the merits of PM I hold a bit of silver myself.
True that deflation will cause commodities to under perform. Yet central banks and keynesianism do not permit deflation. Debts and trade balances are very high. When people see the crisis it will already be to late to take a position in these markets. I surmise from sources that we have until after the next pres election to stack furiously.
Posted using Partiko Android
They typically do not but they also have a late reaction.
Good bye dollar welcome cryptocurrency!
Posted using Partiko Android
Fiat currencies actually do well during deflation.
I will just be happy to rid myself of the massive war machine fuelled by the fractional reserves.
I'm with you there.
About 112.28$ has been spent to promote this content.
Thanks for using @edensgarden!
You got a 35.46% upvote from @brupvoter courtesy of @steemium!
You got a 64.85% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!