URGENT ECONOMIC UPDATE (and what I’m doing)
Bonds Breaking - Huge Warning Signs
(Listen to audio version of me reading👆)
One of the reasons I retired
I sent out a video yesterday 👆with a significant warning regarding the US economy, and incidentally, the global economy.
When I retired from playing professional hockey over 10 years ago, I often thought about these days ahead.
Honestly, it was one of the half dozen main factors of why I hung the skates up; I could see bad things coming on the horizon because of the way our culture and our country continued moving.
I realized that playing a game for cheap entertainment, getting myself hurt, and hurting others was not aligned with God's calling and mission for me.
I knew that I had to prepare.
I began developing my skills while learning how to invest and putting it into practice.
The great financial crisis marked a turning point
The world economy has been on life support ever since the decades leading up to that crisis, where we missed several opportunities to make necessary changes.
We failed to hold our leaders and banking cartels accountable.
Now, I can see the writing on the wall, and understanding money and how it became corrupted has been at the center of my focus over the past 12 years.
Currently, the bond market is in decline, and yields are soaring.
The yield on the 10-year Treasury is as high as it was in 2007 before the great financial crisis.
As yields rise, it means fewer people are buying our debt, eroding confidence in our economy.
This, in turn, affects everyone with variable rates and developing countries worldwide, forcing them to pay off their debts with increasingly scarce dollars.
Our debt-based system, where there's no intrinsic value backing the dollar, relies on continuous inflation by printing currency or adding digital digits to the system.
Paying down debt is not an option, as it would lead to a collapse of the entire system.
Consequently, the Federal Reserve and the US government have to keep printing dollars, devaluing the currency.
This is why I've emphasized the need to buy assets and why I support Bitcoin.
It's not only a means of personal protection but also a safeguard against the manipulations of fiat currencies that have plagued society for centuries.
The rapid decline of the bond market is alarming.
Expect banks and countries to face crises in the next few months.
Insurance buying time
This is the time to prepare and safeguard your financial future.
I am investing in Bitcoin, gold, silver, food storage, ammo, security, firearms, energy, and water.
Most importantly, build both digital and local communities with people around you, including ranchers, sheriffs, and farmers.
In any survival situation, the most important aspect is community, having like-minded people around you.
This will help you in the inevitable scenario when you fall short on some thing and you have the people around you to pick you up.
Godspeed as we face the challenges ahead; we will surely need it.
Stay strong,