I believe the US is on its way into deep
recession. I also believe the USD will
lose maybe a 1/3 value in a not so long
time-perspective..
Higher interest-rates are revealing un-
healthy bank patterns where banks have
managed the money borrowed from
savers in a way they seem have relied
on rates close to zero frozen for ages...
This is a ticking bomb, with paper
assets showing values that are no longer
valid, not possible to realize. Many
large banks have already gone bankrupt.
The BRICS-nations now take the lead
in abandoning the USD as the currency
in which oil but also other businesses
are dealth with.
They instead make businesses in their
own currencies, maybe planning for a
new common currency. They are also
buying up all gold there is, probably to
introduce a new gold-standard.
Right now there is an arguing against
the decline of the US economy. One
argue is a recent good job ratio report
which has come out, seemingly show-
ing a lot of new jobs added lately.
For this, one need to know:
It is a fact a lot of high-pay jobs have
got lost. The new jobs created are low-
pay jobs. Hence it´s easy to imagine
many people has taken on 2 jobs to
keep their level of living-standard.
The new jobs in the statistics are not
necessarily full-time jobs - worth to
consider.. One person can have gone
from 1 high-pay job to up to 3-4 jobs.
Actually this is common in bad times,
a higher employ-rate may rather be a
sign of an economy in down-slope.
Also: In bad times people tend to work
longer before a decision to retire. And
that will for sure affect the net-ratio.
Next issue; a huge part of the "result"
shown in the report, up to 50%, is
rather speculative, based on previous
experience of businesses leaving and
business entering the market over time.
The one for me most important aspect
though, is: you cannot relay on the cur-
rent US admin who deliberately are
mishandling the nation.
It has shown all evidence of fraudilent
behavior for 28 months & will continue
so even more as next election hastily
approaches..
Follow independent financial advisers
and journalists who are not bought by
the establishment. I recommend listen
to Peter Schiff, who has been proven
right for decades when establishment
"got it wrong".
/Björn Hellman
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