First, take a look at the handful of articles at the top of ZeroHedge, as of 8am CT:
Stagflation is not good, first off. It's kind of the worst situation.
From a big picture perspective, we may be witnessing the combination of macro trends/reports that could result in the beginning of the economic implosion many of us believe is part of the Precipice.
Tensions are already high with the illegals aggregating in metro areas, agitators stirring up college campuses, inflation sucking the life out of peoples' take-home pay, escalating threats of WW3, etc. (all of which is true, but perhaps overblown by the MSM to create fear).
Extra painful financial pressure on the current situation will result in an exponential negative impact, in my opinion.
Is this the moment? The beginning of the acceleration downward economically? The financial implosion?
If it is, prepare for people snapping, and for the overall level of civility to decline rapidly. Many of us are prepped... it's the un-prepped who pose the greatest threat. As for me, I have two piles of stores... one for my family, and one to help others so that they can hopefully avoid devolving and become active threats to others. We have to get through this together.
We have all been waiting for an event to get the public part of this party started.
Each day/week/month/year delta we expect "something" to happen.
Now imagine what "they" are going through and are always expending ammo against a ghost.
When it does happen they will be weak and ripe for picking.
The USA should float a Quadrillion dollar line of credit. It is interest free and will be paid down over the next 1000 years. People in vital jobs should be paid entirely with the new currency. Then the balance of jobs are paid with a declining percentage with the old currency. So the US runs parallel currencies over the next 20 years. Each new year 5% of the float of the old currency is removed. The old currency will still be attractive because it is physical cash and as the float is removed. It regains purchasing value. This is an idea for when the Deep State is removed. Once this Quadrillion dollar LOC is up. Each State can start designing huge MEGA projects that will employ many people but there is a ceiling on how much each individual can earn. So the new opportunities are spread evenly.
The 5% float that will be removed each year will be forewarned that portions of their capital will be cancelled. They will be offered an olive branch to put that dark capital towards a future light project. Thus if they align themselves with a large Co-operative project. They will preserve their equity in a project that is beneficial for Humanity.
When it happens, big banks will close overnight. That is the litmus test. As long as trucks roll and food and gas is delivered, Americans will not notice how bad things are. But if businesses cannot secure loans to meet payroll, then that will be when the worm has turned for the American economy. And by bank closings I'm not talking about some regional bank unknown to the the rest of America, I'm talking about JP Morgan, BOA, Citi, etc.