The Greatest depression is coming, are you ready?
- Thread starter ZNP
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
Do not buy the simplistic explanations for the market going down because Trump said something investors didn't like.
The facts are the facts.
1. Projected inflation for the US dollar is now estimated at 6.9% this next year. Now why would you hold onto bonds that are paying 4% if the money is deflating at closer to 7%?
2. Over the last 12 months the US stock market has gone up 0% while gold is up 40% in that same time frame. Foreign countries hold US stocks and bonds because they are money, they are liquid and they are appreciating. US stocks and bonds are not doing any of those things, gold is. So why hold US stocks and bonds? As a result they are selling at the greatest rate since WW2.
3. Consumer sentiment is an excellent way to predict the future. If people are optimistic it indicates they will be making big purchases, if they are pessimistic it indicates they won't. Right now consumer sentiment is at one of the all time lows. Sometimes this can be due to irrational depression just as you can have "irrational exuberance". However, with wars in Ukraine and Mideast, both of which involve nuclear superpowers fighting each other, and with the tariff war between the US and China, and with AI taking people's jobs there is nothing "irrational" about their pessimism.
4. We have close to 6% of workers in this country working two part time jobs at the same time. That is an all time high. This indicates that people are struggling to survive. The reason they are working part time jobs is so that the companies don't have to pay them benefits. We also have a big increase in companies going bankrupt year over year.
When we look at these four facts it is very clear the US economy is in a very bad way and won't recover any time soon. If this was all then it might simply be a recession. But the situation in China is much worse than the US. The two engines to the world's economy are the US and China. We are flying in an airplane that has just lost both engines.
Now when you understand all that gold going up 40% makes perfect sense. Think of gold as the parachute for when the airplane which is the global economy loses both engines. It is like the saying "I am a bomb technician, if you see me running try to keep up". If we had all of these facts but Gold had not gone up it would mean that the elites know something we don't. But having all these facts + gold going up 40% simply confirms what we have surmised, that the global economy is about to crash.
Notice that none of these facts have anything to do with a social media post by Donald Trump.
The facts are the facts.
1. Projected inflation for the US dollar is now estimated at 6.9% this next year. Now why would you hold onto bonds that are paying 4% if the money is deflating at closer to 7%?
2. Over the last 12 months the US stock market has gone up 0% while gold is up 40% in that same time frame. Foreign countries hold US stocks and bonds because they are money, they are liquid and they are appreciating. US stocks and bonds are not doing any of those things, gold is. So why hold US stocks and bonds? As a result they are selling at the greatest rate since WW2.
3. Consumer sentiment is an excellent way to predict the future. If people are optimistic it indicates they will be making big purchases, if they are pessimistic it indicates they won't. Right now consumer sentiment is at one of the all time lows. Sometimes this can be due to irrational depression just as you can have "irrational exuberance". However, with wars in Ukraine and Mideast, both of which involve nuclear superpowers fighting each other, and with the tariff war between the US and China, and with AI taking people's jobs there is nothing "irrational" about their pessimism.
4. We have close to 6% of workers in this country working two part time jobs at the same time. That is an all time high. This indicates that people are struggling to survive. The reason they are working part time jobs is so that the companies don't have to pay them benefits. We also have a big increase in companies going bankrupt year over year.
When we look at these four facts it is very clear the US economy is in a very bad way and won't recover any time soon. If this was all then it might simply be a recession. But the situation in China is much worse than the US. The two engines to the world's economy are the US and China. We are flying in an airplane that has just lost both engines.
Now when you understand all that gold going up 40% makes perfect sense. Think of gold as the parachute for when the airplane which is the global economy loses both engines. It is like the saying "I am a bomb technician, if you see me running try to keep up". If we had all of these facts but Gold had not gone up it would mean that the elites know something we don't. But having all these facts + gold going up 40% simply confirms what we have surmised, that the global economy is about to crash.
Notice that none of these facts have anything to do with a social media post by Donald Trump.