Ripped From The Headlines, December 30, 2022
"Worst Year In A Century" - Wealth Managers, Middle Class Pays Price For Inflation, Austrian Minister Says People Are Screwed - Read, Share, & Subscribe - SherlocExposes.com
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"Wealth managers are grappling with one of their worst years in a century after high inflation and a sell-off in stocks and bonds hammered returns.
The threat of stubbornly higher inflation presents a challenge to preserving wealth in real terms that has not been faced in decades, while the pain in markets over the past 12 months has undermined conventional wisdom around balancing portfolios between equities and fixed income.
'This year is one of the most significant years of wealth destruction in nearly 100 years,' said Renaud de Planta, who leads Pictet, the 217-year-old Swiss partnership, which stewards $635bn. 'Looking at it rather simply, many private investors could have lost more than a quarter of their real inflation-adjusted wealth.'"
"Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest.
Many low-income households, benefiting from exceptionally low unemployment rates, have found jobs and experienced wage increases that lifted income more than the cost of living, according to studies by the Congressional Budget Office and others. Many were also bolstered by federal payments during the pandemic.
At the high end, many households have seen big losses in stock and bond markets, but their income and savings were large enough that they were able to keep spending aggressively.
The middle has been in a vise. Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the CBO study. A growing share of middle-income households say they are having more trouble making ends meet, according to Census Bureau surveys."
Austria is preparing its military for the inevitable blackouts Europe will have to endure, defense minister Klaudia Tanner told Die Welt in an interview.
'The question is not whether it (the blackout) will come, but when it will come' – Tanner pointed out. She added that the risk of widespread blackouts has again increased significantly because of the war in Ukraine.
The Austrian defense minister also pointed out that 'for Putin, hacking attacks on Western power supplies are a tool of hybrid warfare. We must not pretend that this is just a theory. We must be prepared for blackouts in Austria and Europe.'
Tanner also stresses that 'one-third of citizens would not be able to supply themselves on the fourth day of a blackout at the latest.'”
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“Go Away 2022, Nobody Likes You” Friday, Ripped From The Headlines. Things To Ponder:
The Bomb Diffuser Guy Is Running… You Should Keep Up…
When the head of a 200+ year-old investment firm that manages over $600 billion dollars says this:
“This year is one of the most significant years of wealth destruction in nearly 100 years…”
You should be paying attention, right?
Look at what they say a bit later:
“With falls in almost all asset classes, the notable exceptions being energy and commodities, there have been very few opportunities for investors to avoid losses…”
What are you invested in?
When People Have Nothing Left To Lose… They Lose It…
That would be the middle class…
So, The Wall Street Journal says the quiet part out loud, and the example (poor, middle class, rich) looks eerily familiar:
It looks like the Class System from the movie 1984. Click Here To See It.
In the movie, the “poor” class was thought of as animals… hopeless, so they were given things to satisfy them in their “meager existence…”
The middle class was most feared by the upper-class elite because the middle class really had all of the power… so they were constantly distracted, under surveillance, and under psychological warfare…
So they wouldn’t realize it.
And the elites?
“They have privileges different than any other such as being able to temporarily turn off their telescreens, living in comfortable homes, having good food and drink (they are not bothered by rations of lower quality supplies that the other classes must adhere to), having personal servants and access to helicopters and automobiles. No other class may enter Inner Party neighborhoods without a very good reason. Despite all this, the Party is not immune to the rigid thought and behavior imposed on it, even though it originates within their own ranks.”
Sound familiar? When will people decide they have had enough?
The Question Is Not Whether A Blackout Will Come, But When…
That’s the Defense Minister of Austria… saying blackouts are inevitable…
But then she says:
“…one-third of citizens would not be able to supply themselves on the fourth day of a blackout at the latest.”
Doesn’t it feel like we just had that problem in the US?
Interestingly, her solution control mechanism is to have 100 self-sufficient barracks by 2025, capable of sustaining themselves for two weeks.
In addition, they would act as so-called “safety islands” and would be “points of contact for civilian helpers and law enforcement forces in an emergency.”
But how much help will the average person actually get?
Takeaway: DO NOT RELY ON THE GOVERNMENT IN AN EMERGENCY.
What Does This Mean?
The screws are being turned on your future… in the worst way possible.
It’s not “if” something goes wrong… it’s “when.”
How much longer can the shell game keep going until it falls apart?
Click Here to see what the BRICS nations think.
Your money is buying less, rich people are telling you that your wealth is being eroded, and we just got a preview of our future when things go wrong - massive gridlock throughout large chunks of the country.
None of this is good. YET, ALL OF THIS IS INTENTIONAL!!
Why Should I Care?
Remember this?
You should care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life every day, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind while we still have a window to help them.
A quick way to do that: Share this newsletter… heck, take from it, and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, and transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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