Some thoughts,
SVM is greatly under valued IMHO. Based on a sever silver shortage for several years to come. Silver and gold have no counterparty risk.
Things that could go wrong shortly and likely will.
National debt exploding.
Govt. keeps on spending more.
Interest payments on National debt exploding. 100 BILLION right now before any more rate hikes.
I expect many banks are yet to fail.
Commercial Real estate facing possible bankruptcy over the next years as interest rates keep going up and refinance cost can’t be afforded.
Mortgage backed loans likely start to collapse with higher interest rates.
Student debt starting to be paid Oct. 1st. That is in 17 days in case anyone is counting. Many saying they will not pay. Good luck with your credit rating going down the tubes.
Bankruptcies climbing. Small business going to have a hard time surviving.
Auto’s are being reposed due to loan delinquencies.
Houses being reposed due to loan delinquencies.
Food and energy inflation hurting families.
Credit card debt at new highs. People not able to pay off monthly charges.
Buying auto’s becoming unaffordable.
Italy in trouble as well as Europe.
China having financial problems.
People unable to get credit to buy house.
Insurance rates going up dramatically due to all the losses. Some now going self insured.
Store theft out of control, will not be dealt with and it costs us more each day.
I lived through the prior depression and the potential increases I might have to do it again . People who never lived though one have no idea what is coming if it happens. Had to have coupons to buy butter, gas, tires etc.
I feel we are already in a recession and well could get into stagflation or a depression should there be a major shock.
Many people lost most of their property. My grandfather lost a tavern, grocery store, dance hall with a bowing alley and restaurant, Was able to save his farm.
The Fed has boxed themselves in and has no way out IMHO.
Those that position and prepare ahead will be much more likely to survive.
Boing X 2
