We're heading into a full blown financial crisis.
It will either make you, or break you.
& that all depends on two things:
Do you ignore it? or do you prepare?
First of all I need to say...
1: I'm not a fkn doomer.
But there's some topics that I will mention in this article that would make it seem this way, but that's just the reality of the situation and I actually look at it all with optimism.
2: Am I an expert?
Fuck no, but I do put my own dollars on the line when I make decisions in the market and what I do in my life. I'm also aware we're potentially looking at a bit of relief and some green in the market where people may QRT this post to troll me but I'm not talking about this week in the market, I'm looking ahead, because yes, I like to conduct deep research to read and understand what's happening, and right now, a lot is happening, and it's not just the war on Iran.
But let's start with that...
## OIL, ENERGY, AND THE INVISIBLE TAX:
War in the Middle East, destroying key infrastructure, threats of destroying more, escalation, pretending there's deescalation, and the strait. It's obviously going to spike oil.
Higher energy costs are a stealth tax on everyone, and that ends up going through the entire supply chain making everyday people struggle.
This eventually leads to interest rates rising, people being squeezed, no longer able to afford their property and pass an affordability assessment for their property ending up on a standard variable rate which works out to be double what they were paying previously on their 1% fixed term rate they got during December... yh, it's NOT good.
Consumer spending suffocates because of this.
oh, and right now the US are doing everything they can to keep this down...
## SOVEREIGN DEBT DEATH SPIRAL:
The US national debt just cracked $39 trillion. Let that number sink in.
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