The FED just popped the biggest bubble in the history of man kind and we are about to experience one of the most dramatic down turns in history.
The question is what are YOU doing in order to take control of history and lead the prolotariate out of this endless market anarchy?
Look at this:https://www.wsj.com/articles/more-subprime-borrowers-are-missing-loan-payments-11652952602subprime loans are begging to default
This is the same kind of predetory borrowing that we saw in the 2008 financial crisis and these people, forced to choose between debt and good in the face of infaltion, obviously are choosing food.Fanne Mae expects economic contraction in the housing market.https://therealdeal.com/2021/04/20/fannie-freddie-say-housing-market-could-see-slight-hiccup/
Not only are subprime loans defaulting, but, the housing market bubble is finally about to crash; At historic highs the housing market bubble is about to crash and, of course, the poorest people are the only ones who are going to loose to this and massive monopolies like blackrock are going to get much richer.Food Shortages are about to occur
Ukraine and Russia are just the tip of the ice burg. Ukraine and Russia are responsible for a not so insignificant portion of the worlds exports of grains and if you haven't noticed sanctions on Russia and war against Ukraine are making global wheat supplies dry up.https://www.reuters.com/markets/commodities/indonesia-mps-seek-palm-oil-export-ban-review-industry-warns-storage-2022-05-19/
India has started Closing off to the global economy and egypt has as well and many other countries are about to follow as this becomes a cascading effect where each country is looking out for its own.
African nations are literally about to straight up starve. The sitution is extremely dire.
Economics say it could be 3 - 4 years before we bounce back, but, nowing the truth I think we are about to enter a straight up great depression the likes of which we have never seen and will not even remotely bounce back till 2030. As we all know this is because of the greater over arching system of capital and its mad dash for profits, but, the fed raising interest rates after lowering them in covid might have just done the trick.
Prepare for dark days ahead.