4 thoughts on “Uh Oh”

  1. We need a return to a “real”, asset based economy in general. Jim’s family survived the great depression by bartering. I’ll fix your truck for your beef, etc.

  2. The good news is, China isn’t aksing us to pay to get rid of their toxic waste in the form of lead and cadmium contaminated Xmas decorations. The bad news is that even if you do have the money to pay for luxury goods like washing machines, they won’t be coming across the Pacific to fill stores because the folks who ship don’t want to extend credit. After Christmas stores will start to empty. And close. The retail market will collapse, driven thus from devils bearing pitchforks; one called debt and the one called inflation and one called illiquidity. Where this is going to start hurting is places like automobile parts and disposables for hospitals, and in fact replacement parts for such products as aren’t disposable. Invest in machine tools and fabricating stock. In two years you’ll have a license to print money especially if you’re making parts for low end imports and work vehicles.

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