re: I’ve gone full Husss - the Fed is engineering a depression

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The Fed believes that lower and middle class, known to not be savers and a population known to be constantly struggling to escape debt, are now holding too much money?

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This doesn’t specify class but keep in mind lower and middle classes take up far more of the population than upper class. Also recognize the upper class invest free money while middle and lower just hold it in personal savings, so personal savings increases will skew heavily to those classes

LINK
Fed personal savings rate increased massively with stimulus checks (link)

There’s good evidence that these savings were temporary and have been pumping into the market now that the economy has opened up, driving up inflation. All of these savings will be gone soon of course bc like you said, these classes don’t save money long term. But there’s a lot of evidence that they did have savings considering people are still spending money heavily on “wants” rather than essentials despite the inflationary environment - bc these people can’t see that they’ll run of out money soon

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Inflation likely has peaked and is already starting to come down.

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Hardly.

Food prices will increase by 18%-20% by fall, national average for gas will reach $7./gal by year end, and heating oil/nat gas prices are set to explode as we head into the winter season.

A current shopping cart of traditional staple items at the grocery is roughly $300., and represents about a $75 increase in price since January 2022.
The $300 typical basket is essentially enough product to create 10 days of multi-purpose meals for the average family of four. That same shopping cart will be $500 by late fall.

The level of inbound inflation that is coming Americas way will be historic …. and it will become worse. The current initiatives to restrict access to fertilizers going on in the Netherlands and Sri Lanka? ... coming soon to America and you can bank on it. By the way, the Netherlands is the 2nd largest food producer on the planet behind the USA.

"Transitory" my arse. The Fed is trapped. Fed printing press goes "Brrrrrrr" .....

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Upperdecker .... what is your plan to ride this out?

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401k/Roth - keep making normal contributions. I have a long horizon.

Otherwise - trying to bank roll cash for the recovery and preserve my savings. Reduce expenditures where I can and bargain for pay increases. Prep for taking advantage of the recovery. Not investing additional money since I expect it to go down

Edit: but full disclosure I’ve never invested during a recession so there may be better strategies

Let’s piece a little more of the big picture together real quick: shutting down the economy allowed them to offset the inflation monster they were creating and then when things opened up BAM. They (Fed) now need to kill demand because they have absolutely no control over the supply side to keep their facade of credibility. They will continue to kill us through inflation AND deflation so the volatility will continue from here on out.

They also know that all these bills and credit the Fed lent the U.S. will never be paid because they have run out of tax payers to pay for it and the ones that are left are getting killed by inflation. Truth be known, tax receipts were awful this year but you never hear a word about it.

The global plan is to get rid of a large swath of the global population and steal their wealth and purchasing power before people can rise up. If they can’t get rid of them quick enough they at least need to come for the guns. Interesting we saw all the shootings under Obama, they stopped under Trump and are back again under the corpse in chief, eh? And no, I’m on neither side of the political spectrum but I am a Libertarian. Give me Liberty or give me death.

There’s always a method to their madness. Cutting out carbon is cutting out what we exhale and trees take in that then creates the oxygen we breathe in. Read between the lines: they want us eradicated. The only ones they want left are the ones they can easily control by giving them CBDC directly into their accounts and they are telling you this already with their “equity inclusion” BS.

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They (Fed) now need to kill demand because they have absolutely no control over the supply side to keep their facade of credibility. They will continue to kill us through inflation AND deflation so the volatility will continue from here on out.

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Yep, as postulated in my OP - Fed can’t fight supply side so must kill demand proportionally

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Truth be known, tax receipts were awful this year but you never hear a word about it.

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Masked by market doing well last year so tax volume was higher, but the future returns will be lower

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If they can’t get rid of them quick enough they at least need to come for the guns. Interesting we saw all the shootings under Obama, they stopped under Trump and are back again under the corpse in chief, eh?

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Possible

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Cutting out carbon is cutting out what we exhale and trees take in that then creates the oxygen we breathe in. Read between the lines: they want us eradicated.

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Alright you lost me baw. They’re cutting carbon emissions from industry, not people breathing. Cutting industry emissions gives us room to support more people on Earth

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A current shopping cart of traditional staple items at the grocery is roughly $300., and represents about a $75 increase in price since January 2022.
The $300 typical basket is essentially enough product to create 10 days of multi-purpose meals for the average family of four. That same shopping cart will be $500 by late fall.

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To put this in a different perspective, if Inflation were to somehow drop 50% by the end of the year that would mean we would still be looking at ~4%-~5%.

And let's be honest, if we were still gauging Inflation today by the same standards as 1979 we would have been looking at double-digit inflation for at least the last 2-3 months. While the bean counters can manipulate the data to attempt to show things as being not nearly that bad, the consumer feels the truth of it every time they buy something.

Precious metals do serve as a hedge .... against fiat currency manipulation. Best to own physical, but it's a bit late for physical as the current premiums are very high. As many authors have noted, the flow out of crypto and into gold occurred in Q1. Gold spot has pulled back (currently $1,741/oz), typical for it's seasonal pattern. I believe it will crack north of $2,000 within 8-9 months.

Thus far is has performed well, with a very manageable level of volatility:

I wish they’d just let us get nuked or go to Ukraine than a recession

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then why in the world are chemtrails being sprayed in the skies globally?

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Y’all had to trigger the crazy guy didn’t y’all?

https://twitter.com/unusual_whales/status/1546591773396332544?s=20&t=UPB3Fsk4Dk4TVLOWQur7iQ

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BREAKING: White House spokeswoman Jean-Pierre: I expect new CPI data to be highly elevated.

(Uh oh).

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