Money on tap is inflating asset prices. The rich won’t suffer from this. The middle class will.
The Federal Reserve already owns one third of US mortgages.
The IMF is promising funds everywhere claiming to helping countries suffering from climate change, making loans, driving more countries into bigger debt.
100% of GDP is commonplace. Money is not backed to gold.
Homelessness is rife, yet the rich are getting richer.
Now more lockdowns are being announced.
Restaurants are collapsing. And smaller retail businesses.
Jobs are going. Over 60% of people work for small/medium sized businesses.
Suppliers. Delivery drivers. Global supply chains. Factories. The growers, The farmers.
Airlines. Pilots. Cabin crew.
Cruise Lines. Tourism. Travel. Hotels. Millions of jobs to be wiped out. Taxi drivers.
Conferencing is a vast industry – now closed. Clothing sales tumbling with home working.
Vacation sector dead. Weddings imploding.
Theatres closing. Amusement parks. Medical and dental are not booming.
Stock markets will crash. Real estate will crash.
Get your debts paid down. Prepare for the worst while hoping for the best.
2021 will be a bad situation. What’s coming will be bad. He hopes he’s wrong.
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