From Wall Street to Main Street, from debt spirals to land bubble. Three views show that a recession is the best possible, but a depression the most likely outcome.
This great crash should have happened years ago. The wakeup call was around the time that general trades slipped from the obscene millions into the insane billions.
This is one of the clearest breakdowns Iโve seen connecting the macro, real estate, and banking cracks into a unified picture. Youโre right โ itโs not just one sector failing, itโs the system cannibalizing itself. Resilience and local competence might be the only real assets left. Thanks for laying it out without sugarcoating.
This is good collapse commentary but it still misses the real fast-moving threat. Itโs not just rot in the traditional financial system. Itโs the shift from Software-as-a-Service to Employee-as-a-Service, where the very tools workers rely on will start quietly replacing them.
It wonโt look like mass layoffs at first. Itโll look like subscription costs going up. Suddenly the $30-a-month app becomes $300. Why? Because now it drafts your marketing plans, closes your sales leads, writes your code, files your reports. The software you used to help you work will simply start doing the work instead.
Bots donโt pay taxes. Bots donโt buy goods. Bots donโt hold mortgages or feed families. When regional economies lose their middle-class backboneโalready semi-propped-up like a stealth UBI through service sector churn and small business ecosystemsโthe collapse doesnโt play out like 2008. Itโs faster. Itโs quieter. Itโs irreversible.
We are not facing future disruption. We are already inside it. And the people most dependent on the old rhythms are the least prepared to see it.
Are they saying buy farmland now or wait till the price drops? If the real estate market is going to crash, prices will plummet but what about creditors?
Well, I have no assets, no accions in the stock market, only a few euros in my savings account, not enough to buy property in Europe, maybe a tiny piece of land somewhere else.... so, what should I do? Should I take the money out of the bank, keep cash, buy something? What can you advise to little people like me, with little money but much to lose?
Everyone should have at least three months of living expenses in a bank account or cash. Once that is secured then the person can research investment choices.
Great read! Hope it isnโt a depression. Have started looking into shifting some cash into precious metals. Question is how much cash on hand and precious metals? The gold to silver ratio is so high it seems like silver is undervalued compared to gold. Is there some guidance on value of metals to invest in? Also have personal accounts in three different banks/credit unions.
This great crash should have happened years ago. The wakeup call was around the time that general trades slipped from the obscene millions into the insane billions.
Capitalism is collapsing because it can't not. It's a pyramid scheme built on quicksand.
This is one of the clearest breakdowns Iโve seen connecting the macro, real estate, and banking cracks into a unified picture. Youโre right โ itโs not just one sector failing, itโs the system cannibalizing itself. Resilience and local competence might be the only real assets left. Thanks for laying it out without sugarcoating.
Thank you, Chase!
This is good collapse commentary but it still misses the real fast-moving threat. Itโs not just rot in the traditional financial system. Itโs the shift from Software-as-a-Service to Employee-as-a-Service, where the very tools workers rely on will start quietly replacing them.
It wonโt look like mass layoffs at first. Itโll look like subscription costs going up. Suddenly the $30-a-month app becomes $300. Why? Because now it drafts your marketing plans, closes your sales leads, writes your code, files your reports. The software you used to help you work will simply start doing the work instead.
Bots donโt pay taxes. Bots donโt buy goods. Bots donโt hold mortgages or feed families. When regional economies lose their middle-class backboneโalready semi-propped-up like a stealth UBI through service sector churn and small business ecosystemsโthe collapse doesnโt play out like 2008. Itโs faster. Itโs quieter. Itโs irreversible.
We are not facing future disruption. We are already inside it. And the people most dependent on the old rhythms are the least prepared to see it.
100% agreed, Eric.
I alluded to this in other pieces, but should have embedded it here, too.
Good pickup!!
Are they saying buy farmland now or wait till the price drops? If the real estate market is going to crash, prices will plummet but what about creditors?
Well, I have no assets, no accions in the stock market, only a few euros in my savings account, not enough to buy property in Europe, maybe a tiny piece of land somewhere else.... so, what should I do? Should I take the money out of the bank, keep cash, buy something? What can you advise to little people like me, with little money but much to lose?
I'll respond to your question in the next article, my friend! :) Hopefully done by Wednesday.
Everyone should have at least three months of living expenses in a bank account or cash. Once that is secured then the person can research investment choices.
The only thing I can add is I have $19G in a credit union and my credit card debt is now down to $750๐ฅน
Preparing as best I can...auto loan and mortgage are all that's left...50% equity...
You're WAY ahead of me, my friend! Love to read that!
Great read! Hope it isnโt a depression. Have started looking into shifting some cash into precious metals. Question is how much cash on hand and precious metals? The gold to silver ratio is so high it seems like silver is undervalued compared to gold. Is there some guidance on value of metals to invest in? Also have personal accounts in three different banks/credit unions.
The conventional wisdom that I have read is not to have more than 10% invested in gold.
Iโve wondered whether silver is the better route, too.
Metals arenโt my strong suit, tho. Definitely a weakness I need to address.
Great write up!
Thank you, Danielle!