There is no way any of us can really predict what exactly this will look like in real time, but like a regular hurricane, we expect heavy rains and gusty winds, for hours on end. And once the storm subsides, there's a lot of destruction and devastation (and even death) that takes time to sort out and recover from.
So, if we are to expect an economic hurricane...
We can probably expect financial markets to collapse (like heavy downpour rains). We can probably expect hyperinflation (those gusts of wind wiping out the value of the dollar and our savings - for months, maybe years). We can probably expect a lot of devastated average folks like you and me (losing jobs, assets, wealth and probably our minds too), and some won't make it out to the other side.
*sigh*
You know, people who live in Florida and in the Southeast prepare for hurricane season every year. They know what to do. They've seen it all before and recognize that if they aren't prepared for the impact, sh*t can go underwater real fast.
The billionaires of the world are warning us, in fact, we would argue that they are the architects of this storm that's been a'brewin' since 2008 at least. They've been dropping hints for years and distracting us with little shiny things here and there.
But fear not (and I mean that in the most literal way).
This isn't a time to be fearful. Although things may seem or feel scary, fear is paralyzing. Instead, it's time to take action. Like, right NOW. The storm is coming.
Do what you can to board up your windows (protect what's left of your wealth and get your finances in order), make connections in your community (to build resilience) and make sure you have at least a week's worth of food, water and safe shelter to ride out the storm.
At the end of the day, the canary loses everything unless it flies out in time. We still have a little bit of time, but not much and I hope that you and your family stay safe amidst the uncertainty. Reach out to me if you want some moral support. I'm here and we can try...together. We don't all have to go down with the ship.
Who loves ya? Me...and THANKS for listening to this episode and sharing it with someone you love.
Chow,
Michele