Banks are estimating 65% odds, people are dumping us Treasury bonds, there is reporting of a purposeful weakening of the dollar, and I’m seeing the first price hikes enacted. Any suggestions for how to prepare for the shitstorm that’s coming?
Banks are estimating 65% odds, people are dumping us Treasury bonds, there is reporting of a purposeful weakening of the dollar, and I’m seeing the first price hikes enacted. Any suggestions for how to prepare for the shitstorm that’s coming?
Beans and rice in 5 gallon food safe buckets.
Same with all staple foods. Flour, cornmeal, oil, salt, etc.
I mean, good for having some staples, but that’s not really planning for a recession. That’s more planning for an extended natural disaster or full on collapse of society.
You’re far better off spending your money on things that will improve your likelihood of staying employed (or getting new employment) through the recession, the price of those staples will be affordable as long as you have any income.
Getting a secondary job in a less-likely to be impacted industry and getting trained up now, or taking specific courses at a local college focused on a secondary skillset will be the most useful.