Ripped from the headlines, October 17, 2022
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“We’re seeing buyers backing out“: This Dramatic Chart Reveals U-Turn In The Housing Market
Another Top Fed Official Says He Broke Central Bank’s Trading Rules… Invested In Chinese Bank
American Cities Are Preparing For The Worst And Bracing For ‘Stagflation And A Possible Economic Downturn”
Yes, ACTUAL HEADLINES.
Think about this for a moment: The Federal Reserve is the one controlling interest rates… and ANOTHER leader there is betting against the U.S…
You were told the housing market was “hot and wouldn’t cool down…”
Your hometown is preparing for the worst with the economy…
If this doesn’t give you pause, it should.
What does this mean?
Rules for “we” and not for “thee” is on full display with the Atlanta Fed President. If you did what he did, you’d go to jail.
He’ll either keep his job, or get another one.
You’ll also notice that the foundations of your life - where you live and what you live in - aren’t doing well.
You may also be saying, “well, cities can’t go bankrupt.”
We all thought that was true until Stockton, CA did.
Expect this to be the rule, not the exception, going forward.
Why should I care?
When the anchors of your wealth, and the people who generally control the outcomes around it, aren’t doing well and are nakedly corrupt and getting away with it, you should care.
Who is watching the watchers?
What should I do?
Watch the watchers. You won’t be able to sit on the sidelines anymore. If you do, poverty and serfdom are in your future… regardless of how much money you have.
Watch what they do, versus what they say.
What basic, practical skills do you have? You should brush up on them.
Now.
Plan, prepare, and look at alternatives, ASAP. Your future depends on it.
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