Jul 23 2020 20 mins 14
On this episode of WAM Tim gives his take on the complete collapse of the global economy on the horizon as the European Union (EU) calls for a $860 billion recovery pact. All the while, the United State is pushing forward a $1 trillion recovery bill.
Of course the stock market is being propped up by massive amounts of printing while at the same time leading to a quote unquote stronger dollar due to deflation. But that money will eventually reach the hands of the populace and lead to massive inflation all while the stock market inevitably continues to tank as the second wave shutdown takes hold of the country.
People seem to be on another planet when talking about the sustainability of the global economy lately. The fact is, this cannot sustain itself. Tim also talks about alternatives to relying on the system and becoming more self reliant.
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