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overtheedge
Member since May 2012
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Get Out There And Start Shopping: “No Possibility of Falling Back Into Recession” - Mac Slavo - ShtfPlan

"... get out there and start shopping!"

The politicians and economists are clear on this. The US needs all of us to consume and this means spend money you have or have access to aka credit.

I'm in complete agreement with Mac, politicians and economists on this.

A fiat currency system that utilizes fractional reserve banking must grow debt or die. Otherwise we will find ourselves failing to make enough profits to service debt.
Consequently, inflation is absolutely mandatory. Inflation reduces the spending power of hoarded cash. Cash in whatever is your country's designated medium of exchange infers by its very definition that it is "to be used as a medium of exchange and NOT hoarded." Hoarding is saving for a future use. So in an inflationary environment, the wise person would convert discretionary cash into tangible assets. These would include consumables, durables, commodities intended for productivity and capital assets. Inflation means every day is an on-sale day compare to months and years from now. And everyone loves a bargain.

Or save your money for an even rainier day. No need to report back on how well saving cash works out for you.

Note: One could presume that politicians and economists would prefer the public buys more consumables and less durables. It wouldn't be much of a stretch to assume that the "commodities intended for productivity" were confined to business supplies and not individuals stockpiling sheets of plywood, bundles of three-tab or plumbing supplies with the intent of DIY maintenance over the next few months/years.

Just my opinion, and it is subject to change as new data is analyzed, but I would assume that politicians and economists really want increased consumption of limited lifespan consumables. Now with ObamaCare in the wings, increased obesity and its side effects can be managed with medical/pharmaceutical best practices. So feel free to toss a couple more bags of chips (crisps) in the cart. Everything can be managed as long as we trust the experts.

So early to bed, early to rise makes a man healthy (ObamaCare), wealthy (effect) and wise (enough to go shopping).

Commented 4078 days ago

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Beginning of the headline :It’s not all doom and gloom out there. In fact, the U.S. economy is doing so well there is nothing to worry about any more, according to a new report from well known analytics firm Moody’s. Based on their detailed analysis, there is no longer any possibility of falling back into a recession in 49 of our 50 states: All U.S. states except for Delaware have escaped the possibility of falling back into recession, as they reap the rewards of strong private-sector employment and a burgeoning energy se... Read More

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