The Unthinkable is Happening (Deleting Soon)
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The last few years have been very challenging for most Americans and citizens of the world. Many have seen their businesses completely fail or flourish. Most Americans are living pay check to pay check with almost 60% of all Americans having less than $1,000 as an emergency fund. We are witnessing an era of inflation, some would call hyperinflation that is making the costs of living increase and people think that things may go back down in costs however the unthinkable is about to happen.
We are seeing problems pop up all over the world that could make the supply chain issues that much worse forcing businesses as a whole close down and if that happens there may be more stimulus money being sent out.
However if there is less items for purchase and there is more money than items for sale, people will view the items for sale more than their fiat currency thus pushing up inflation even higher. This will make those in the middle class and upper middle class slip into poverty.
This could become a massive problem and we could really start to see a sell off in the economy and see stocks plummet as people cash out their stock portfolios for cash to buy items.
What is your economic forecast on this situation? Are we witnessing a collapse of the economy?
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