Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Mac (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

HITTING AIR POCKETS: Masses Choking – DEATH BY DEBT!

% of readers think this story is Fact. Add your two cents.


This article was contributed by Tom Beck of Portfolio Wealth Global.

There are no BOOM AND BUST cycles anymore, at least not in the way you were taught that they NORMALLY BEHAVE. Traditionally, credit contracts, then profits shrink, the stock market falls, and personal income dries up last, as companies are forced to lay off people. The response is, therefore, pretty straightforward in those cases: the banks expand credit, profits grow, the market recovers, and income levels flow once more, as companies hire.

This pandemic has changed all of that. Credit is ACTUALLY EXPANDING while income levels have gone down by 30%-40%, so spending FROZE AS WELL.

Washington understood this very quickly. It realized that with 20 million people effectively unemployed, it had to PAY A VISIT to its WELL of free currency, print trillions, and REPLACE THE LOST INCOME that millions of Americans already living paycheck to paycheck had been short on.

These programs are good until August, so expect the government to do INSTANT REPLAY and unleash another round of programs since the spending WON’T BE THERE because the income won’t be there.

As a society, we face a TOUGH CHOICE: do we let capitalism roam free, signaling to these 20 million low-income workers, who have very few market skills, that they need to REINVENT THEMSELVES and find ways to deliver value, digging themselves out of the hole, meanwhile subjecting them to poverty while the markets are supplied with an overflow of credit, creating reflation bubbles and enriching the ALREADY WEALTHY, or do we double-down on state capitalism and this DEFICIT-FUNDED SOCIALISM, which brings the debt restructuring nearer?

Courtesy: Zerohedge.com

There’s clearly A HUGE PROBLEM here since income drying up hurts the spenders first, those that are living paycheck to paycheck. Who can survive lower cash flows? THE DOMINATORS! They have reserves, their products are more essential, and they can tap credit sources easily. In turn, which people can withstand lower cash flows? Those with SAVINGS (that are not struggling, going into this).

GOLD is BEST-SUITED to withstand these shocks and you can see that it is performing better than all other asset classes in the above graph.

Unlike government bonds, gold is NEVER IN A BUBBLE. It is limited by nature and the inability to find large quantities of it. It is NO ONE’S counterparty liability and it NEVER gets destroyed. If you pass a gold eagle down ten generations, it will still be there, even 250 years down the road.

Courtesy: Zerohedge.com

The government is walking A TIGHT ROPE because at one point or another VERY SOON, the cost advantages of just printing currency will be less favorable than restructuring the debt!

For gold, that would be a key milestone since its relative value WOULD JUMP overnight.

Bonds will not be deemed safe anymore!

What we have here due to the RESTRAINTS OF COVID-19, is a baked-in DURATION MISMATCH between the lost incomes of 20 million Americans, who might be out of work for a full year and the size of programs, which HOWEVER BIG, can only last four months (Until August 2020).

Even if half of the workforce finds employment, the country is left with 10 million unemployed, which is how 2008 ENDED at its worst. In other words, the economy has CHOPPED-OFF the head of the monster and it isn’t looking pretty.

There’s NO DIVERSIFICATION among governments of Western societies: the U.S., Japan, Europe, and others are all PRINTING, so there’s a clear trend here.

They all feel that the END-GAME is approaching, so if debt restructuring is close at hand, why not PRINT NOW and forgive later?

GOLD IS GOING TO $2,000 very soon!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.


Source: https://www.shtfplan.com/headline-news/hitting-air-pockets-masses-choking-death-by-debt_06292020


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.