Deflation Ahead

[Spectrism]

Just watching things degrade... employment, business sales, prices of commodities, money velocity.

I am thinking the financial system is swirling around the toilet. It has been bad a few years, but we haven't seen anything yet. Government has been papering over the harsh realities.

So, what's coming next? I think we will see drastic amputation of non-performing assets. Layoffs, company closings, department closings, restructuring, cut backs. Store shelves will begin to get bare as the cost of stock becomes burdensome. Debt holders will aggressively repossess non-performing loan collateral in hopes of flipping it. Real estate will drop. Precious metals will drop.

Get out of debt- or have enough cash on hand to cover any debt, and try to put away an emergency fund. Think about critical items you might need and that could become scarce.