My thoughts on: The coming deflationary or inflationary collapse that will rumble the whole world

in #economics8 years ago

Hello All

Short bio about myself: I was a student at ASU recently graduated with a useless psych degree back in 2013 thinking all was well in the world until I started self teaching myself economics and to say the least it was probably the most eye opening information I have ever learned without the all the useless college debt which is where I will start my opinion story on this collapse.

Since 2008, the U.S. and the world has spiraled into mountains of debt with each country QE the heck out of their currencies and buying useless U.S. treasuries to shore up their balance sheets and create massive bubbles in their own countries to hide the mess while making the U.S. look good. I have read about the shemitah cycle and am afraid if my technical charts are correct even if the shemitah cycle was not falling on this year, demographics tell us that the stock markets should take a tumble around end of October-November time frame and we should start seeing declines of about 20%-30% per month. Negative interest rates are impossible because it would make the U.S. treasury bonds completely useless and countries will start dumping U.S. treasuries by the truck load pushing interest rates upward like a rocket. Unless the Federal Reserve or the Treasury's Exchange Stabilization Fund starts another QE program soon to push this collapse till next year I am 98% sure this will start end of this year signaling deflation following a huge inflationary QE program our central bank will do to combat the destructive deflationary collapse we will be in pushing precious metal prices through the roof after all assets take a tumble.

This is just my opinion of course but please feel free to share your opinions with me as well!
Take care brothers && sisters

Sort:  

pfffft...I been preparing since 2012 for this thing. Just put your wealth in Gold, Silver, and Bitcoin and you will be fine. Also keep a little cash at home since the banks will probably shut down for a time while they do the bail-in's on everyone's savings account.

Obviously stock up on a few months of food and get ready to hunker down.

If your unfortunate enough to be in America maybe pick up a gun and some ammo just in case.

Hey brother

I actually was not preparing for this until around 2015 when I started seeing all the volatility. I own some silver coins and a small generator guns and some storable food but that's about it. I think I should be more prepared to be honest but like the saying goes history never exactly repeats but it always rhymes .

i agree,but substitution is may not only precious metal,electricity(some types of storage) is also a good choice

Congratulations @any1else2005! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.22
TRX 0.21
JST 0.035
BTC 91725.82
ETH 3121.39
USDT 1.00
SBD 3.12