Thursday, April 14, 2016
Rumblings in the distance
It's said you don't have to be a weatherman to know which way the wind blows. You also don't need a crystal ball to see there's some potentially nasty stuff coming down the pike.
When the President and Vice President both meet with the Federal Reserve, something might be in the air. Even the questionable statistics from the government has been trending downward. While 2% economic growth was predicted, the number has been revised downward to almost nothing. Banks in Europe are in trouble.
It doesn't take much digging to find a multitude of troubling economic indicators.
The economy is not supposed to implode during an election year. Whoever is in charge at the time does everything possible to keep at least the appearance of a robust economy. If your party wins you have a few years to weather the storm before facing another election. If your party loses economic problems can be blamed on the other party.
Even more disturbing to me are the rumors of war. Historically, economic turmoil leads to military conflict. There are plenty to choose from right now. Things are heating up from the Middle East to Africa to parts of Asia. One bad move an any of those trouble areas could turn hot -WWIII hot.
As I see it, at the very least we are looking at some financial bubbles bursting. Look at the the connections between banks and a weakening fossil fuels sector. They could take each other down. That could be extremely disruptive.
Of course, I'm not a big fan of the banks or the fossil fuels industries. They won't be missed -in the long run. In the short run, however, expect to see some turmoil. Radical change always produces winners and loses. Let's do what we can to avoid being on the losing side.
Might be a good time to check out your preps. My lovely wife has been on my case to improve our food growing capability so that's one thing I'm doing to prepare. There are other things I'd like to improve but money and time are issues. Of course, I've been living at my bug out location for years.
With a high chance that things are about to get real, how's your situation?