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Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Wednesday, January 18, 2023

Americans have a sick feeling that financial doomsday is just around the corner…

 


Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 


Worse than the Great Depression?

Some experts are predicting that the United States is heading into a full-scale economic collapse that is "worse than the Great Depression."

Covid economic destruction, runaway inflation, the threat of WW3, international trade wars and inept leadership are all driving factors to this unprecedented impending Economic Armageddon.

The U.S. Dollar is officially on life support...

Through international sanctions, Biden has given permission for Putin and Russia to abandon the dollar and has driven them into the open arms of China who is also looking for a way to destroy the power of the dollar.

Some experts predict that we could very well be looking at the DEATH of the Dollar...

...And if this happens America will be catapulted overnight into an era that could be much worse than the Great Depression.

Worst of all? Some say it could last 5-10 years and since the government will be bankrupt, Americans will be on their own to survive.

The fact of the matter is the United States could be on the verge of TOTAL economic collapse in the very near future.

Many Americans have a sick feeling in their guts that a real financial doomsday is just around the corner…



From Yahoo Finance:

 

Rising global food prices brought on by Russia's invasion of Ukraine and commodity shortages triggered by climate emergencies are threatening to “destabilize” economies around the world, a United Nations (U.N.) official warned.

 

The number of people acutely hungry have dramatically accelerated since the beginning of the COVID-19 pandemic. While 135 million people faced acute food insecurity before the pandemic, that number has more than doubled to 276 million over the last two years.

 

“It’s the story that keeps getting from bad to worse,” U.N. World Food Programme (WFP) Chief Economist Arif Husain told Yahoo Finance Live. “When the World Food Programme is setting records, that's not a good thing for the world. And we have been doing that since at least 2021.”

 

According to the WFP, 50 million people across 45 countries are already on the verge of famine. Another 345 million people are approaching starvation across more than 80 countries,

 


Experts predict we might see shortages at grocery stores again this year on a handful of items. Some will be more critical than others. Most of us will get by if there is a champagne or beer shortage, as is predicted.

Other items might affect our grocery budgets and meal plans. Those who frequently use vegetable oils (canola, sunflower, soybean, palm) should be prepared to substitute other cooking oils or stock up. Bread, beef, and canned goods (including pet food) are expected to be in short supply at some point. It might be beneficial to stock up on canned goods and flour and other ingredients to make your own bread at some point. Or stock up on supplies you need to freeze store-bought bread and beef properly. In our house, when beef prices get high, or if there's a shortage, we just drop beef from meals rather than try to stock up.

Produce we might find in short supply includes lettuce, corn and oranges. If you're an orange juice drinker, consider stocking up on concentrate. You can freeze orange juice, but it will take up much more freezer space than those small cans of concentrate. And even if you're family doesn't each much corn, a corn shortage will also impact the supply of products such as corn chips and corn tortillas. Also, products that have corn syrup as an ingredient, such as sodas and some salad dressings.

I haven't seen any published information stating when we will experience shortages of these items, and there may be others, so we can probably just be aware for now and perhaps stock up on your often-used items on this list if you find a good sale. If you want to read up on why we may have shortages of these items, see the following:

·         Start Thinking of Alternatives to These 6 Foods in 2023 — They’ll Be In Short Supply

 

·         8 Grocery Shortages You Can Expect to See in 2023

 

What's the Cheapest?

I've noticed a lot of prices changing at my grocery store. Usually you'd expect the larger packages to be cheaper on a per unit basis, but that's not always true. I'm finding that sometimes the smaller packages are cheapest, so I always check before deciding which package to put in my cart.
Kendra

Here are six things to know about grocery store aisles that will save money.

 

SIDEBAR

 


16 Inconvenient Truths About SHTF

 

Every year, the world seems to get a little crazier and a little more dangerous. Maybe that's why rich people are buying doomsday bunkers and stocking them with survival food.

If you have a doomsday bunker of your own, it’s important to stock it with foods that are not only nutritious and tasty, but also long-lasting and easy to store. In addition, they need to be foods that can be eaten right out of the package or at least require minimal preparation.

With all that in mind, what are the best foods for your doomsday bunker? Read on to find out...

16 Inconvenient Truths About SHTF


25 Best Hiding Spots for Valuables

Preppers know that the gear they are storing to live through a major disaster is more valuable than a stack of cash. But thieves and government agents know that, too. If you want to keep your valuables, you need to find the best hiding spots for them.

A few survival items such as a fire starter or a water purifier could mean the difference between life and death after a collapse. Creativity, ingenuity and a little skill can keep these items safe.

Here are some ideas for hiding your valuables. Use the ideas to get your own creative juices flowing. Take a look around your property and think outside the box...

25 Best Hiding Spots for Valuables


You may also like...

How to Hide Survival Caches on Your Property

 

 8 Top Foods for Your Survival Stockpile

 

Which foods are the best to store?

 

If they’re too costly you won’t be able to store enough. And a bad nutritional balance?

 

That could see you starve.

 

All while disaster could be around the bend...

 

Click Here to Discover ‘8 Top Foods for Your Survival Stockpile’ <<

 


Why do you need an emergency radio?

 

·         . Just 60 seconds of hand cranking provides more than 45 minutes of radio

Radios: Having a couple small, portable radios on hand is going to be a must. If there’s a disaster, you’ll need to listen to the radio to get news about what is happening around you….grab a TacRight Emergency Radio:

https://www.ebay.com/itm/185665101473

 

What is a go bag?...

 

Be Prepared for
Emergency Situations

When Disaster Strikes - Everyone Should Have An Emergency Survival Kit Ready To Go!

If there’s one universal lesson we’ve learned from 2021 so far, it’s that we should all be better prepared for emergencies, no matter who we are.

 

 Bug Out Kits-Choose Your Level

  • 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 

We offer several sized kits at:

PERSONAL SURVIVAL PACK-Tried N True ‘Save-Your-Butt’ Essentials

https://www.ebay.com/itm/185325277360

https://www.ebay.com/itm/255419941572

 

 

Free enterprise, limited government, individual freedom!

 

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

You Can’t Buy Life Insurance After You’re Dead

Not Prepared? 

That's Bad News...

 

You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

 

Support our efforts by shopping my storefront…

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A Smoking Frog Feature, Shallow Planet Production

 

 

 

 

Monday, January 9, 2023

Get ready for a wild economic ride

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

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?

Be Debt-Free This Year

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.

What Won't Happen in 2023

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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Support our efforts by shopping my storefront…

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