Final Edition for the Year
Date: 23 December 2024
Other News
This is our final edition for the year. After watching several ‘year-end’ videos from trusted sources, the consensus is clear: 2025 will be a rough year in global economics.
Robert Kiyosaki, a trusted mind in personal finance, shared a particularly pessimistic outlook. For strategies, see the “What Would I Do About All This?” section below.
Upcoming Event: Cedarhome Seventh Day Adventist Church will host my disaster prepping seminar, “Prepping for Normal People”, on January 19th, from 1 PM to 5 PM. This free event will include books and raffle tickets for sale.
Location: 28505 68th Ave NW, Stanwood
- Despite the FED’s efforts, inflation continues to rise, making their 2025 rate reduction plans questionable.
- A former Pfizer VP, Dr. Mike Yeadon, has gone public with claims about the dangers of mRNA therapy for COVID, raising concerns about intentional harm.
- Crypto predictions for XRP remain mixed, with forecasts of both crashes and skyrocketing prices—expect volatility.
- A federal bill, “End Hedge Fund Control of American Homes Act,” may disrupt the national single-family rental market, potentially leading to mass evictions.
Geo-Politics
- Israel continues its fight to free hostages and counter rocket launches, while Netanyahu faces corruption accusations.
- Iran holds an Italian journalist hostage, aiming to leverage this against the West.
- Speculation grows on why communist countries are rapidly increasing military strength, even surpassing pre-WW2 levels.
The Stock Market Watch
- The Dow dropped about 5% in December. A recession-based correction could range from 15% to 40%.
- The Dow’s strong year was driven by inflation and forced 401k investments, giving a false sense of economic strength.
- Some market watchers suggest the FED may not lower rates in 2025, risking further inflation and recession delays.
- A former BlackRock executive criticized Biden’s economic policies as either “incompetent” or “fraudulent.”
Metals Market Watch
- Metals initially dropped after the FED rate announcement but climbed back over the week.
- Silver hovers near $30/oz, signaling optimism for 2025 despite economic uncertainty.
The Usual Metrics
- Boeing warned of another 500 layoffs, bringing Q1 2025 total cuts to over 3,000.
- The U.S. Debt Clock has surpassed $37 trillion, raising alarm for potential financial collapse.
- The inversion chart is at 0.31; a climb to 0.50 signals imminent correction.
What Would I Do About All This?
Note: This is not financial advice, but here’s what we have done in our house:
- We got and stayed out of debt. I can share our exact plan if you ask.
- We converted most cash savings into hard assets, such as metals and real estate.
- For extra income, we considered low-cost, high-profit ventures, such as flipping items, but lack the time to pursue this.
- We educated our families on the steps we’ve taken and the reasons behind them.
A recent discussion with a day trader highlighted the inversion chart’s accuracy in predicting corrections. A financial reset is coming—are you ready for 2025?