The World Economy and Whats Going to Happen

economyI don’t claim to know a lot about economics and I am not into predicting what is going to happen, but occasionally things occur that I get concerned about.  This last week I have been watching what is occurring with the stock market.  Just yesterday, it dropped over 400 points, and there is no telling where it will end up tomorrow.

I see the disruption that is occurring in the Chinese economy and other strange things happening.  Like Warren Buffet who has always been against big coal is suddenly buying it up like crazy.  What does he know we don’t?

The precious metal market is a total mystery as to who is manipulating it. Silver is in the mid to high 14 dollar range and gold is between $1140 and $1145.  I talk to bullion dealers and they tell me they are having trouble getting stock.  What happened to supply and demand?  When the demand is high, don’t the prices normally go up?

Yesterday Canada officially entered a recession according to the Canadian government.  I see articles like the one from England today in major publications,  “Panicked super rich buying boltholes with private airstrips to escape if poor rise up

In this type of economy, anything can happen.  The stock market may return to normal tomorrow and everything is fine.  But I won’t want to bet on it, one way or the other.  Now I am not saying that the world is going to fall apart tomorrow, but I think it is a good time to check and make sure your preps are ready.  Our economy, world affairs and morality are gradually moving closer to a breaking point.

My advice is stay out of debt, get your food in and plant a garden if you don’t already have one.  You can have a fall/winter garden in many parts of the country.  Be ready just in case.

Howard

 

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