Post
Topic
Board Economics
Re: Fed and central Banks need to do something
by
Hydrogen
on 16/11/2022, 23:42:55 UTC
Becouse we have so many people in Western countries who don't produce anything real but all of them Are use to with quite Luxury life.
If Fed and central Banks don't reacue then all those people who Are use to with good life will struggle and that's not good.

RIGHT NOW my bank don't Even let me to make my credit card limit higher..wtf like something got to be done we are not use to with poor life and printers need to be turned on asap and need to find ways to reduce inflation still Even the money printers Are on.


Exactly right.

We no longer own the means of production, which will result in a huge deficit if dependence upon cheap foreign labor comes to an end. Which reminds me that I should be doing a lot more to try to be self sufficient in the event of an emergency. While there is no accurate means of forecasting what future supply chain disruptions might manifest. There is one surefire method of addressing the issue, which is to do everything possible to increase local production. (Or perhaps to live in a rural area with abundant hunting, fishing and foraging that is also independent for water and energy)

Future bank runs and restrictions on credit have been announced in various regions as potential prospects for the future. No one wants to admit the worst case scenario might materialize. And hopefully it will not. But perhaps it is always better to be prepared than unprepared.