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It is looking more and more likely we are going into a global recession…

What is happening…

• Central banks are raising interest rates to make credit more expensive to suppress inflation.
• When something is more expensive, people use less of it.
• When people use less credit, people buy less.
• When people buy less, there is not as much income for businesses.
• When businesses don't have as much income, they lay off workers, leading to higher unemployment.
• When more people don't have jobs, they can't pay their debts.
• When they can't pay their debts, houses and cars are repossessed.

What to do about it...

• Save up cash (at least six months, but better to be a year of living expenses).
• Sell just enough assets to pay down debt, especially debt that's secured with collateral (because it could be repossessed if you don't make your payments). And the highest interest debt, so income can be preserved.
• Cut your spending.
• DO NOT BUY more financial assets when we just started these rate increases. You are not getting a discount. 18 months from now, prices will be much lower, then you can get a discount.

Credit is drying up, possibly a stagflation environment, crypto will lose 20 to 40% of its value.

After inflationary periods, like the one we're in, central banks raise rates to suppress inflation. By the time they do this though, asset prices are so unsustainably high because of the abundance of credit, that once credit dries up, those same prices will come down.

I talked about this a lot, but there is a reason. I want you all to be secure financially. I don't want yall to go through terrible hardship. You have a little time, but not much.

I know people hate hearing bad news, but hope for the best and plan for the worst.

When did Noah build the ark? Before the rain, Before the rain.

Stay frosty people.

35% allocated to ph-fund