@QJax
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With continued Inflation, rising gas, energy and food shortages, the incoming recession is poised to be even worse than the Great recession of 2008 Acording to ecomonist Peter Schiff who warns the FED cannot win the war against inflatiin without causing a recession, much worse than that of 2008 which followed the financial crisis. https://news.bitcoin.com/peter-schiff-warns-economic-downturn-in-the-us-will-be-much-worse-than-the-great-recession/ #finance #recession #inflation
6 comments
i heard of that too. pity. i dont know what will have if it comes true. money has no more value anymore
The best thing you can do is diversify any currency to have and buy some extra neccesities such as food, water toiletries etc, as the prices continue to rise, you will save money on what you bought before things get much worse
yes. i wanted to do that.. for now we have around 20kgs of sugar, rice and others. our problem is flour. is getting higher ang higher, and because of the situation, run out easily in some stories. eggs too. for milk its hard to stock up due to shorter life shelf,
Yeah flour and dairy, milk an eggs etc are getting more expensive because they are fresh, I stock up on powdered milk and UHT long life milk, tinned foods and dry grains, beans and rice at least will sustain life, while trying to grab some extra fresh foods
wow thats nice. i plan to buy more this next salary day. pity that it will be worse case in the next few mos. hope pandemic and wars will be over soon. maybe it will change the outcome of the market prices
I think its easy for governments to blame recession on the pandemic and war, an some of it is a result of this, but the majority is because of the over printing of fiat currencies. Best tp be prepared just in case though