Is the world headed for a recession? It seems like that is all people are talking about. Today news seem to say look out recession as China slowdown deepens. Every body knows that China is a major economy probably the biggest in the East for sure. What happens if this country slows? All the surrounding countries that depend on China will also slow. Doesn’t take a genius to figure that out.
So what exactly would the next recession look like anyways? One thing that will probably most likely happen is all those corporations that were hiring will stop. Most likely it is going to be deflation that hits first. This is why interest rates are at 0, to stop this deflation. Let’s take a look at housing. Remember a few years ago when house prices were soaring higher and higher. All this was cheap money going into real estate. Now all the cheap money is flowing around in a big circle. Government to the bank and then to business and then to stocks and right back to the government. You and me sure ain’t getting any.
Look out Recession as China slowdown deepens
Right now as I am writing this article Germany just skirted recession by a heartbeat. Europe and South America are all in the same boat with border line recession. The U.S. Fed is pumping billions into the banks. Banks are teetering on a debt implosion and if people start losing jobs they won’t be paying their car loans and credit card debt. If house prices topple which I fear they might do in a recession then the mortgage market will crash. Homeowners will be hand their house back to the banks.
Hey I remember the 70s kids. Believe me it is not fun to watch your house sink in value when you owe a big mortgage and work is slowing. Natural events like recession are needed to sustain the capitalist system and purge the playing field. There has not been any purging in many years and already this expansion is a new record. It’s going to pop kids and when it does it is going to be nasty. Very nasty.
Silver and Gold
This is a great time to start protecting you and your family with some silver. It is the cheapest it’s been in years compared to the cost of living and when the financial collapse happens Silver will explode in value. You should be buying some every month and keeping it near. Physical silver is what you want. Through history in times of turmoil silver has always been sought after as a safe haven to protect your wealth.
I am not a doomsday advocater by any means and I certainly hope they can figure out this mess. It’s always good to be prepared for an emergency and we here at Zoomers News recommend you start saving some silver coins every month. Get them at QuickSilver with their monthly purchase plan. They have an automated system that will send you your silver coins on auto pilot every month. Just sign up and order what your budget will allow. Get yourself some insurance right now before it is too late. Already the yield curve has broken through the recession warning. There has been a recession 100% of the time in the past when this has happened. Believe me, this time will be no different. It is time to take action.