Poor Man Survival
Self Reliance tools for
independent minded people…
ISSN
2161-5543
A Digest of Urban
Survival Resources
Get ready for a wild economic
ride
Shaky economic times -
Amazon CEO Andy Jassy announced on Wednesday the company will lay off 18,000
employees, which is 8,000 more than expected in the New York Times' reporting
from November. The number includes those who had been laid off in November.
Jassy said "several teams are impacted; however, the majority of role
eliminations are in our Amazon Stores and PXT organizations."
Get
ready for a wild 2023... We're in the eye of a financial hurricane... The year
of the hangover... A crappy new year for many folks... Biden is the villain of
2023
Key trends that will drive the economy &
markets…
Example, the mountain of global debt continues to expand, and the cost
of servicing it is suddenly skyrocketing due to higher interest rates.
Inflation, while starting to moderate, is still
not anywhere under control.
US Money Supply is now shrinking for the 1st
time in at a least 60 years.
And the rest of world is rushing to find ways to
de-dollarize trade.
Treasury
Secretary Janet Yellen says the U.S. will avoid a recession in 2023. So does
President Joe Biden. I wouldn't put too much stock in the economic predictions
of politicians.
Yellen and Biden didn't see the calamity of 2022 coming. And
neither even acknowledges we were in a recession last year, despite the fact
the Bureau of Economic Analysis confirmed that U.S. gross domestic product
("GDP") contracted in the first and second quarters... the textbook
definition of a recession.
The
late Nobel Prize-winning economist Milton Friedman… Using his framework, it was
easy to predict that prices were going to soar in 2022.
Friedman
understood that inflation is always caused by the same thing... a more rapid
increase in the supply of money than in the output of goods and services. Never
before in history had our nation's money supply increased so much so fast than
following the pandemic in 2020.
Friedman understood that it's difficult to get rid of
inflation once it takes hold. He explained that there's no easy, painless way
to cure it. The only way is to persist with a combination of higher interest
rates, higher unemployment, higher taxes, and a contraction in credit and the
money supply.
Using
Friedman's analogy, 2020 and 2021 were the party years. We were all happy and
drunk on the Fed's money printing.
In
2022, we began feeling dizzy and sick. We realized we "drank" too
much and that the party was over.
We
haven't gone through the real pain yet. We're now about to pay the price for
our excess.
You
can't bring down inflation with record employment.
Last
month, the Fed said the unemployment rate needs to rise to at least 4.5% from
today's near-record low of 3.7%. That means around 1.5 million folks will lose
their jobs as the economy contracts.
And
that means big trouble for our economy.
A
recession in the U.S. is all but inevitable this year...
The
best recession predictor just flashed a major warning signal. The spread
between the three-month and 10-year Treasury yields recently inverted.
Over
the past 60-plus years, this spread has inverted eight times. And every single
time a recession followed... with no false signals. It's the recession
predictor the Fed uses.
Opinions on a recession
vary
Concerns that attempts
by the Federal Reserve, as well as other significant financial institutions, to
take down a sharp rise in inflation will initiate a big economic setback have
become more prominent as the calendar turns to 2023.
The U.S. stock market is
on a path to its steepest annual loss in more than ten
years. Below are the three economic recession possibilities and
the likely market response.
A Quick
and Mild Recession
Numerous observers
believe the economy has sufficient inertia to develop moderately until at least
the beginning of 2023.
In November, U.S. firms recruited more employees than anticipated
and hiked salaries, mostly allaying fears of a recession.
The economy added 263,000 positions in November, exceeding Wall
Street’s estimates, while the unemployment rate remained unchanged at 3.7%,
keeping near a 50-year low.
As per Julia Pollak, chief economist at ZipRecruiter, this
significant softening in the labor market will not be accompanied by a
recession.
According to the forecast of the Congressional Budget Office, the
amount of employed Americans would increase from 158 million in 2022 to 174
million in 2052.
Pollak stated the economy ought to be content with even fewer jobs
added in the years to come. In the absence of an increase in the U.S.
population, their predictions foreshadow only 45,000 net job additions
each month during the next 30 years.
Mark Luschini, Chief Investment Strategist at Janney Montgomery
Scott, believes the stock market will likely drop before the recession’s
official start, with likely growth following it.
A J.P. Morgan strategist opined it will be difficult for the
economy to rebound from a recession in 2023, despite the fact many economists
believe it will be moderate and temporary, followed by a robust recovery.
“Swamp”
Recession Ahead
David Kelly, the chief global strategist at J.P. Morgan Asset
Management, said instead of plunging into an economic dive, such a recession
might be more akin to sinking into an economic swamp, indicating it would
be difficult for the economy to recover. This article appeared in The Patriot Brief and has been
published here with permission.
For the first time in history, the U.S. is
experiencing a confluence of three macro extremes all at once:
- High government debt to gross domestic product, like
the post-war 1940s
- Excessive stock market valuation on par with the 1929
and 2000 bubbles
- A resource-driven inflationary crisis environment
comparable with the 1970s
Things are about to get much worse...
I
predicted when Biden and his Leftists operators (the real people who are
running our country) got into power; they’d work on destroying the Middle Class
& our freedoms! The
Socialist-Dems were even more aggressive
this year in their mission to "fundamentally transform" this country.
As 2022
draws to a close, America is in a race against time. Can we survive the last
two years of Biden’s presidency? Have we reached a tipping point as a result of
his ineptitude and malice? Can we repair our world as quickly as Biden, or
whoever is running our country in place of our senile president, is destroying
it?
Biden
and his Leftist radicals know his term in office expires soon - and there's
still so much "transformation" to inflict upon America.
With the world getting
faster and crazier every year, there are some things that will never change.
And that’s why being self-reliant and taking personal
responsibility for one’s life is always so important.
Omnibus Shows
Congress’s Priorities: Authoritarianism and War
There are
dark economic clouds on the horizon. I believe we're about to enter a deep,
prolonged period of slowing economic growth. And things are going to get worse
before they get better
Communists Demoralize
America’s Blue Chip Firms Through TikTok Videos
SIDEBAR
First 9 Ways
on How To Survive the Coming Great Depression
Resolve to Stash More Cash This Year
You can grow savings faster than you might think. Why not
resolve to save more cash in the new year and enjoy the rewards of saving?
No matter why you are in debt, these tips can help pay that debt
off. With some dedicated dollar stretching and these smart money moves, you can
dive into a debt-elimination diet and become debt-free this year.
At the beginning of each new year, you read and hear a lot of
financial predictions for the coming year. In the interest of being different,
here is a forecast of financial things that will NOT happen this year.
The Beginner's Guide To Emergency Food Storage
Having a large food stockpile is one of the main goals of every
prepper. Unfortunately, many newbies think that all they have to do is run to
the store and fill a cart with canned foods. This is a costly mistake. You need
to take some time to figure out what foods to store and exactly how to store
them.
Most of my readers already know the basics of emergency food
storage, but I also have quite a few readers who are just getting
started—people who have never used any food storage methods other than their
refrigerator. This guide is my attempt to help them get started, and it's also
a good refresher for more experienced preppers.
By the end of this guide, you will know the basics of food
storage so you can start stockpiling the right foods in the right places to
ensure your family has something to eat after a major disaster...
The
Beginner's Guide To Emergency Food Storage
Be Ready For The Unexpected-Emergency Supplies
Available
Natural & Man-Made Disasters happen
frequently-Is your family prepared for the unexpected?
·
Emergency solar/hand cranked radios; First Aid
supplies, Emergency kits, 72-Hour Food Kits, Bug-Out Backpacks
·
Open M-F 9:30-5
@ Stor-Your-Stuff 151 N Blacks Corners Rd Imlay City 48444 [near 4th St] *While
supplies last-limited quantities.
Natural
disasters don't wait for a convenient time
And you shouldn't wait to prepare either. In some cases there is
little to no warning.
Prepare now to lessen the impact of disasters and emergencies
Remember: You can’t buy life insurance after you’re dead!
.
Super Emergency Survival Kit
- Solar phone charger
- 72-hour 4Patriot emergency food
pack [25 year shelf life
- 4Patriot Greens sample pack [Power
supplement]
- 3 Luna Nutrition bars
[assorted]+Sunmaid raisin pouch
- Cleaning Wipe Pack
- Steel River Emergency Tent
- Mini First Aid kit
- TRS 5N1 EDC folding tool
- 3-package
meal sampler
- Paracord
bracelet w/ compass
- Reusable
Face Mask
- Personal
Water Filter Straw
- 11-Piece
Emergency Survival Kit
And more…
https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466
Useful
Resources from our storefront-See new items!
You Can’t
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…
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portion of our proceeds is donated to charitable Veterans groups such as
Wounded Warriors & the VFW!
Support our efforts by shopping my
storefront…
6 comments:
Local retailers & even many solo online sellers saw a significant slowdown in sales over the holidays; we're seeing more layoffs also. What you've been suggesting [thanks to Biden] is happening.
Folks, a recession this year is virtually inevitable. Let me take this opportunity to remind everyone that recessions are a fact of life in financial markets.
About 125K US workers lost their jobs last year
Tech layoffs are happening at the fastest rate since the pandemic: last week Amazon announced plans to lay off 18K+ employees and Salesforce said it’s cutting 8K. Online styling service Stitch Fix said it would let go of 20% of staff, while struggling crypto lender Genesis slashed 30%.
Ever since bastard Biden took office, our country has been on a wild ride and frankly, we're sick of his incompetent crap.
We already see shortages at grocery stores this year on a handful of items. Most of us will get by if there is a champagne or beer shortage, as you predicted. All thanks to the idiot in the WH!
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