Really? After 3 years of beating the drum, you finally put the drumsticks down? We didn't get the point after 2 years, but we did get it after 3.4 years?
That makes antisense.
Either you should have quit after the first month or you should keep going now. Nothing has changed between the second month of your doom posting and now, in either indicators of impending collapse or the common reception of your doom posting.
Do you really need to wake me up?
Well that link I posted said that 13.8 million people had been laid off from January to August, and that 15.8% of recent college graduates are unemployed, and the fastest growing group of homeless are 50+ because "no one" is hiring once you are older than 40. It also pointed out that they are trying to disguise this by instead of mentioning the use of robots and AI they use terms like advanced technology. It also pointed out that every time some company announced layoffs their stock price went up. People mistakenly think if the stock market is up that is good for the economy. 93% of all stocks are owned by the richest 10% of Americans. So the stock market going up does not impact the bottom 80%.
But look at the news, do they emphasize 13 million laid off or stock market is up? Do they emphasize 15.8% unemployment with recent college graduates or that the stock market is up?
Also know this, AI and robots had to be developed until they were able to replace humans. They have long ago made robots that can work in a factory or warehouse. After they make these they then have to test them in the job setting and make adjustments to get them to work just right. But once that happens you get the major layoffs. That is why just recently Amazon.com has announced their intention to replace 600,000 jobs with AI by 2027 which is barely more than 12 months away.
They also have to test the publics receptiveness. McDonald's is testing a fully automated restaurant. You can't come in and eat, it is all drive through. There are no humans at all and guess what, these stores are more profitable. They were concerned people would avoid them but it is just the opposite. Once you have the profit and loss statements that can prove the effectiveness, the next step is to invest the money to overhaul a restaurant and fit it with the robots. They are at that point. Owners who can swing the financing will begin making these changes nationwide.
But then think about Uber, Lyft and all these companies that provide taxi service and deliver food. We now have self driving cars in Phoenix and the Tesla's in Austin that are being tested and ready to roll out nationwide. They are also replacing truck drivers. So they have big warehouses that are right on the highway. They use a self driving truck to drive from one warehouse to the next on the highway. Then once they get to the local deliveries they use drivers. But according to the Truck drivers that portion on the highway is the best job for a driver, highest pay.
My point is they have robots and AI capable of replacing jobs, they have already trained the AI and robots to replace the jobs, and now they are in the process of testing them out. Once that process is complete it will be like a flood where the jobs are replaced. Simple return on investment proves they will gladly replace people with the technology.
So why is no one noticing what is going on?
1. When you layoff someone who is over 50 they will not go on unemployment (talking about the senior managers in Fortune 500 companies) they will instead take early retirement. People will start taking Social Security and that might also disqualify them for other benefits.
2. The 15.8% unemployment with college graduates will get worse and worse each year. Many of the kids who can't get a job get a temporary job as they continue trying, hence they don't show up as unemployed.
But regardless, the situation is not that bad in the US because of the tariffs. That is bringing jobs and investment into the US. However, it is horrendous in China and places being negatively impacted by the tariffs. This is the other problem with the US, no one cares about any other countries. They are too stupid to understand that the worlds economy has two wings with two engines. China is one wing and one engine, that engine is on fire. The US is the other wing and the other engine and that engine is leaking oil and almost out of fuel.
The proof is that the US dollar relative to gold is down 50% in one year.
If an inspector comes in and says you have termites it doesn't mean that tomorrow the house will collapse, but it does mean the house is going to be condemned and will collapse because they are not doing anything to address the problem with the termites.
Sell, put your money into silver, and rent. During the depression prices will plummet. 3 years from now they will be able to buy up at a tiny fraction of the cost today.
I wrote this on June 20, 2020. Silver was around $20 an ounce or less. Today it is $50. If people had moved retirement money to silver instead of seeing the value of their money losing over 50% in that same time they would have seen their investment go up 150%. But the window is closing.
39 And he arose, and rebuked the wind, and said unto the sea, Peace, be still. And the wind ceased, and there was a great calm. 40 And he said unto them, Why are ye so fearful? how is it that ye have no faith?
Right now there are many people freaking out, they have lost their jobs (13 million) or they lost their SNAP (40 million) or they can't find a job (15.8% of recent college grads) and the reality is they didn't listen to the Lord when He told them what to do and they didn't do that because they didn't have faith in Him. They did what was best in their own eyes and now they are in fear of drowning while those who listened and did exactly what the Lord said are sleeping in the hinder part of the ship, all is at peace.
