Global Economy - What's About to Happen!

in economic •  10 months ago

I can't predict the future, but things are about to change! And with that change, many people, worldwide, will be financially devastated, while others will acquire incredible wealth.

How many times have you heard the phrase, "We can't keep kicking the can down the road?"

"Kicking the can down the road" translates to: "The problem is currently too big or too difficult to deal with."

So, what has been happening, over the past I-don't-know-how-many years, is kicking the can down the road! And by now, we may have already gone past the end of the road, and we're out in the woods somewhere kicking that can around, still thinking we're on the road.

If you're watching the stock markets hit records, almost on a daily basis, and watching sub-prime loans going bad, name-brand stores going bankrupt, unprecedented government intervention (QE/Quantitative Easing), automation, robotics and kiosks displacing minimum-wage workers, stagnant wages with higher mortgage and rent payments, record levels of student loan debt, credit card debt and commercial real estate debt - you gotta wonder, how much longer can this go on?!?

I'd have to agree with some of the experts, who believe a financial crisis is likely within months - maybe this year or 2018.

Actually, I thought it would have happened by now, but the financial and government magicians have pulled off the illusion of the millennium, an illusion that would make David Copperfield proud!

To the average Joe or Jane with a job, things might seem kind-of normal. But for those who have been laid off, those grads who can't find a job in their field, those who are losing their pensions, those who can't afford their mortgage or auto notes - well, the collapse has already happened to them, and they are experiencing their own depression - financially and mentally.

The "Grand Illusion" is the Dow, S&P and other markets. As long as those in control are able to keep those numbers up, it's sometimes hard to convince uninformed people of the dire situation we are all in.

If "what goes up, must come down" holds true for the DOW, then "Holy Shit, and OMG!"

Take a look at this - The DOW chart from a Google query, showing "max" time (history of the DOW)... (with my additions in red)

This could be the profile of a new type of dinosaur, the double-humped-back, giraffe-necked Dow-a-sauarus. And we all know what happened to the dinosaurs! However, in our case, we might be looking to the financial skies for an asteroid of credit and debt to come crashing down upon the entire global economy.

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Verry Interesting Article buddy 😊😊