The signs for the next crisis multiply
Some people long for a crash and think that a “reset” could bring relief for our corrupt and suffering world. The chaos and the monetary devaluation would bring the proud world and our disgusting bosses down and we would be free at last.
The truth is that nobody can prepare adiquatly for the things that are about to come. As a christian I say: find Jesus as long as there is still time. He is the strong fortress in the middle of a waving sea.
Some preparations could be helpful for everybody if the system breaks down:
- stay in touch and help each other
- reduce your dept as much as possible
- have some food and water at home
- stay away from the wild crowd
- be informed and study various sources
- care for your body (activity and good food)
You may ask why I expect a crisis – or better: a crash in the very near future
The FED and the European Central Bank tightened their monetary policy in the last week which is good. But people and nations always need more money to pay back their old depts. House and car sellers depend on the willingness of their customers to borrow money, otherwise nobody could afford their products.
The concrete signs are:
- FED interest rates as high as 2008 (before the financial crisis) with more increase ahead
- ECB will stop buying government bonds in december
- groth of global dept , especially in the western hemosphere (Government dept)
- Global growth is expected to edge down over the next two years according to the World Bank
- global power relationships are changing
- more weapons around the world
- unpredictable world leaders