Below are good summaries of what the world is seeing and doing as the Dollar collapses as the world’s business currency. The BRIC countries are moving quickly to create their own currencies and using Gold, Silver, Bitcoin, and Oil/Gas to bolster their strength. The US dollar is certainly being dropped quickly. If you still haven’t moved your money into Gold, Silver, oil, gas, and maybe….. Bitcoin (I myself still twitch slightly at this idea), you may want to do so this week. Gold, silver, gas and oil are still going to be the best bets I think.
Anyway the US economy is about to finally stop the 2 year down hill roll, and go 90 degrees off a cliff soon. All the economic alarm bells are sounding so we shall see. Either way buckle up frens. Aug. and Sept. are going to be very hot. May God protect us all and give us strength to weather the Storm.
https://indianexpress.com/article/world/us-recession-alarm-wall-street-8044870/
I follow commodities, stocks, etc.
With out typing a novel, I've had some theories that have been repeated in some podcasts I listen to so there's some validity to it. Disclosure- Am stupid ape that buys metal that goes down in value.
Cliffs:
Jack up fuel and fertilizer while creating shortages
Bad growing season
The dollar increases in value
Commodity prices go DOWN due to strong dollar
Farm contracts are to produce X amount at X price, which they can not due to the bad growing season. They pay penalties on the contracts.
Farms go bankrupt because they can't cover losses from costs and low prices
Bill Gates, China, and Blockrock buy up farms
Yes, logic tells us the dollar should collapse but it will continue to strengthen...at least for now.
Wicked
JUST A QUICK FYI … I spent the weekend driving all over fuking illinois corn country (soy bean and corn fields for as far as u can see for fuking hours). There will not be a shortage in corn or soybean this year. Those crops are doing hella good. This is gonna be a good year for those yields anyway. I have zero clue about wheat or rice.
If they can get it out of the field and get it processed