Hi fellow Lions,
Today I wanted to talk about my thoughts behind this crazy economic situation we are in.
Overdue Correction
The loom can be a little scary, can't it?
I think one of the things that's likely is that we are in for a bit of a rough patch in terms of the economy and how things are going. I think this is and has always been inevitable but the timing of it is what has been the thing to look out for.
I'm certainly no economy or finance wiz, but I have been around the block a few times at this point and lived through various shit-shows. The first one was 2008 and I was caught off guard that's for sure, because, like many, I wasn't paying as much attention to that stuff as I should have. I had a bunch of money in a stock account, relatively speaking for my income and age, but lost 60% of it in a few weeks. It was absolutely brutal, and taught me that you should, at the very least, pay attention to how these things are comprised. I've since paid more attention that's for sure!
One of the things that has bothered me for years, while I took advantage of it of course, was the incredibly low interest rates for things. It is almost impossible to think of a 2 or 3% interest rate on something like a mortgage because that's a lot of money the banks are lending out. Sure there is plenty of reason to appreciate and want that low rate, but sadly it also makes good business sense to have a 4 or 5% interest rate as a business. When banks were getting away with insane 0% interest rates for a lot of things for so long, there is for sure trouble ahead. It's not sustainable to have that absolutely bottom of the barrel rate, and nor should it be. I know that there is an argument to be made against interest rates and lending period, but that is a different conversation.
These, and many other factors, have been looming over our heads for a really long time. The conspiracy realist in me has been thinking that it's been intentionally pushed off for one reason or another. To wait for a CBDC and a financial feudalism system? Or is it something more nefarious? It's easy to go into deep rabbit holes of all the ways in which there are a number of people who are hell-bent on enslaving and destroying humanity for one sadistic reason or another. At the same time though, one of the most important things to remember is that those people eat each other with envy and feuding. I doubt it's THAT sophisticated and organized because everyone is cutthroat and is always stabbing each other in the back.
Are we just at the level of greed, upon incompetence, upon bad decision making, upon time? There are a lot of factors converging and I think of it like taking a sinking business and trying to straighten it out. There are a lot of people who are employed by a sinking business because it's keeping them afloat, while at the same time hemorrhaging money. The US economy is for sure at that stage, and could likely also be the global economy. There are so many levels of corruption and greed that it's incredibly difficult to fathom.
Has this always been the plan, to bring it to a slow and controlled demolition? Or is it because the current American President, Trump, has been a businessman his whole life and also has Elon with him, who is also at least a savvy business man (as much as I dislike or don't trust either of them, they are competent in the business realm thankfully) taking that sinking ship and cleaning it up to be sea-worthy again? These are certainly things that we will be able to look back on in a few years and put some context to. Right now, it's yet another historical economic melt down that's occurring in my lifetime. I'm up to 3, and I'm not even middle aged! Lol.
Really crazy shit that's for sure LOL
What about you, what do you think is going to happen with the economy? Is it going to straighten out or are we headed for an even deeper depression? Let me know in the comments!
-CmplXty. Real human written content, never AI. All pictures are mine unless otherwise stated
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