Empires are born, and empires fall; governments come, and governments go; economic conditions rise, and economic conditions fall. History seems to repeat itself. There really is nothing new under the sun. I believe that we will be entering another bleak period. It is only a matter of time.
I am a firm believer that we will see an economic turn and one that could be catastrophic. We have seen debt rise dramatically and especially in the United States. Debt has become a worldwide normalcy. It will choke hold our economy.
The so-called experts have been trying to prevent the inevitable for years. It just cannot be done. You cannot print this much money and expect a crisis not to emerge. We will be going into a bear market. I just do not know when.
I have been watching the market and economy closely and listening to every side of the argument. I think one person who has his fingers on the pulse is legendary investor Jim Rogers who said, “when we have a bear market again, and we are going to have a bear market, it will be the worst in our lifetime.”
Money is debt and debt is everywhere. The collapse of the system is inevitable, but “the powers that be” will only prolong it with continued tampering. They cannot admit defeat so the central bankers will need to come up with a new rulebook. That rulebook will be redefining the system.
What is the new system? That is a great question. I think it is still in the works, but I think the Federal Reserve will make substantial changes. I think it starts with a government digital currency. I think they will also restructure the banking system to accommodate more control from the Federal Reserve. It will more closely resemble the desired approach of Alexander Hamilton’s approach to the first central bank.
The next few years will be very telling as to what the future holds but remain hopeful. You can still find financial freedom even amidst the chaos. I believe strongly freedom starts with your mind. Conquer your mind and you control everything. Freedom starts with coming to terms with the mind. Belief follows the conviction of your mind. Financial Freedom starts with renewing your mind and taking back control.
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