Your Survival Guy’s latest RAGE Gauge is in, and it’s not pretty. What did you expect me to say? The coast is clear, the supply chain isn’t rusty? I’m Your Survival Guy, not the president. But here’s the deal. With Covid soon to be a distant memory and Biden’s presidency cooked, that should be good news, right? Not so fast. Because if there’s no “excuse” to pump trillions of dollars of “free” money into the economy because of some political virus and Biden can only get a pared down “spending” package passed, we’re left with what Your Survival Guy calls a scorched earth economy.
Trillions more in Covid rescue money is not going to resuscitate small businesses, most of whom used the Covid cash to feed their own families. The Covid cash was basically the government saying: “Here’s what your business is worth—all your built-up equity—take the check and leave.” Small businesses were bulldozed into a scorched earth economy. They’re GONE.
And Biden’s pared back spending plan, if he can pass one, will take years to build bridges to nowhere. That cash, whatever it ends up being, will be used for more of the same: NOTHING productive. Poof. Gone. No real improvement, just a stab or jab to buy more votes. What about that Republican red wave in November?
Republicans need to show they have some backbone and stand up for America rather than get into a ridiculous war with the paper tiger Putin and recognize it’s CHINA STUPID. And I’m not talking about going to war to save Tibet or Taiwan. That’s not our fight. Our fight is with America’s corporate elites who have sold the country’s manufacturing base down the river on a boat to China. America is the Walmart of globalism, down on bended knee to the lord PROFIT China with immeasurable costs.
When Silicon Valley designs software and China makes products, what happens when China says, “Sorry we’re closed.” You can have the best architectural plans, but without builders, you’ll need to wrap yourself up in them to stay alive. Anecdotally, when Your Survival Guy’s gas stove broke, I was pretty desperate. What happens when there’s no one around to build stuff when China’s helping other countries?
Action Line: Covid and Biden are soon to be distant memories. Let’s not forget how much cash they burned or how much owners’ equity was lost in the scorched earth economy. Do you really think China’s going to be there FOREVER? It’s time to get serious. Click here to sign up for my free monthly Survive & Thrive newsletter and get serious about the road ahead with me.
P.S. REMEMBER WHEN?
“Behind me stands a wall that encircles the free sectors of this city, part of a vast system of barriers that divides the entire continent of Europe. . . . Standing before the Brandenburg Gate, every man is a German, separated from his fellow men. Every man is a Berliner, forced to look upon a scar. . . . As long as this gate is closed, as long as this scar of a wall is permitted to stand, it is not the German question alone that remains open, but the question of freedom for all mankind. . . .
General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization, come here to this gate.
Mr. Gorbachev, open this gate!
Mr. Gorbachev, tear down this wall!
—Ronald Reagan, address at the Brandenburg Gate, June 12, 1987
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Get Off the Investment Roller Coaster: Have a Plan - September 29, 2022
- These 10 States Are Fighting for Your Liberty Retirement - September 29, 2022
- IN FOR THE LONG HAUL: Building Wealth with Compounding - September 29, 2022
- What Can We Learn from Hurricane Season? - September 28, 2022
- FOLLOW THE MONEY: Wealthy Americans Fleeing High Tax States Faster than Others - September 28, 2022