For the past few months I've been hearing August is when the shit hits the fan. Whether it be food price spikes, emptying shelves, unaffordable gas prices, riots, etc. August is when people have said it's all going to break. Which leads me to something I wasn't aware of because I'm not a finance guy, the bonds banks must hold required by law, Dodd Frank.
This post late last night by an a fellow crypto enthusiast highlighted the catastrophic state the banks are in and it looks like August is when it comes to head. Forced to hold a bonds that are declining in value so you are forced to buy more. You can see how this is not going to end well for all of us. I am going to re-post it in full for you to digest.
https://gab.com/NeonRevolt/posts/108530297984587680
Here is the analysis he is referring to.
Join a Credit Union while you can!
While crypto is seeing a small bounce, it won't last long. You can't eat crypto. You can't send crypto if you don't have internet. It won't die, but the pain of 2017 & 2020 is gonna be felt again.
Oh, and don't think you're safe in gold. Look at the gold chart for the past year.
(source - kitco)
No, what we are going to be entering is stagflation. Ask the Japanese how that worked out for them.
Godspeed everyone.