Can someone explain how 93% of earths wealth is actually debt? Who the hell do we owe?
(media.greatawakening.win)
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Everyone owes everyone else, but the world is largely broke. Anything measured in dollars or any currency that trades heavily in dollars (including BTC) is impacted.
BTC is not high right now. It's nominal. The USD has crashed (along with pretty much any other currency), people just don't realize it yet.
We are going to see massive debt collapses. People are going to lose their retirements. Social security will be "solvent" for political optics but the value of the payout will be meaningless (because QE is the man behind the curtain for all US policy since 2008).
Biden is going to pass his $15 minimum wage, and the GOP will clamor that it's going to tank the economy and the Dems will clamor that they are liberating workers, but the end result will be a $15 minimum wage with a dollar that is worth less than half of what it's worth today and de facto economic warfare on red states by blue states.
The banks will be bailed out because "liquidity" but in return they will be effectively nationalized (they already are, but only for the worse).
The end result (the real goal) is forcing the collapse of the Chinese economy. Of course their economy has already collapsed, but they have way more tools than the US does when it comes to fiscal policy. By forcing a globally visible collapse, the Powers That Be can step in and put China fully under heel.
So what should we do?
There’s a saying, “Expect the best, prepare for the worst.” What’s the worst that could happen? War, civil unrest, economic crash, foreclosures on debts, large scale unemployment.
The ideal way to be prepared would include being debt free, being fully prepared to live on very little, having some useful skills that can get you a job when times are hard, and general prepping.
Some people I know are blackpilled, others are embracing Big Brother. I moved a bit out of the way of things and bought some land.
Whatever you do, become politically active. Start at your lowest level (town board/school board), learn the process, meet people, and work your way up.