A Huge Recession Is Coming
As the American empire declines and loses allies, the economy is projected to free fall.
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The Wall Street Journal posts “Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns”
The Wall Street Journal posts “Consumer Angst Is Striking All Income Levels”
AP posts “Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy”
“Yesterday the (stock) market was down 850, today it’s down 700 points”
-Steve Siebold
Why The West is Going into a Recession:
The thing most people don’t understand is while the US is quickly losing it’s dominance, it is still a massive economy in a globalized market. If the US goes into a recession, and it will, every country will feel it to some extent except nations that aren’t as connected in the globalized market. The US has avoided recessions in the past with policy change after policy change, always skimming the edge - but it’s clear with the new administration, the new objectives to extend the longevity of imperialist dominance, the tariff war, and our allies quickly turning foe, this is no longer avoidable. The above articles touch on the near-future relation of the US economy, but something that’s been going on for a while that has contributed to this is the fall of the US empire. The US has been losing its geopolitical and economic dominance since the Russia-Ukraine War. Arguably I’d say it has been since 9/11, as the grave error of lashing out towards the entire world (especially the Middle East) has just made much of the world hate the US, but without a question the biggest turning point was the Russia-Ukraine War, as it was a sign of force by BRICS nations against the West. Another turning point was the Israeli genocide of Palestine starting October 8th, 2023, which further rallied the world against the West, particularly Israel and the US as it’s closest ally. With BRICS pushing it’s own trade currency and most of the world rallying against the US and it’s violent, fascist projects in Ukraine and Israel, the world has made it’s decision on who they want to do business with.
Ultimately, it is no surprise this was the conclusion. The fall of empires leads to two main options - either they give up and hand over independence to the nations they exploited, which is what the UK did after the failed attempt to force the American colonies to give into their control, or they violently lash out and become more fascistic as they decline, as we saw with Germany and ancient Rome, and like we’re seeing with the US. The issue with the latter option, is all it does is turn more and more against the declining empire, and worsens the effects for those living in and outside the declining empire. It won’t stop the decline, it may slow it to some extent, but it will make the fall much more inevitable. You can’t bully the world, especially most of it or it’s biggest superpowers, and honestly expect to survive long. It’s like trying to pick fights with the whole school, or the biggest guys, and wonder why one day they all decided to jump you.
Americans, as a fellow American, it’s about time you accept that the West (especially America) is and always has been the bad guys geopolitically.
How To Survive The Recession:
The following advice will be a combination of advice from me and Steve Siebold who gave his tips on his TikTok. For those who don’t know, Steve is an author who has self-admittedly stated he’s known Trump for half his life and referred to him as a sociopath, and has worked in the Bush administration. Now, usually I wouldn’t quote people whose worked with the system and believe in the individualist “anyone can get rich” mentality. However, his advice is solid information that can help many with surviving what’s to come.
The following quotes will be from Steve Siebold.
“You’re not gonna hear this from the government because consumer spending is what controls 70% of the economy. And if the government comes out and warns against recession, more people will tighten up and consumer confidence will go down.”
“Please hold onto your money!”
-Steve Siebold
-For those on Social Security:
“I’m not trying to scare you, prepare for delays in checks, because they’re gutting social security and they can’t continue it.”
-Steve Siebold
-If you can afford it, don’t do it!:
“Stop spending money, stop making purchases you can’t afford. Please don’t buy a house if you can’t afford it. Please don’t put things on credit cards if you can’t afford to pay the whole thing off every month. Please don’t do that because it’s going to get bumpy and they don’t care about you.”
-Steve Siebold
I would also stress avoiding going out to eat, limit gas usage, cut back on any substances you take, and so on. Cut back on everything.
-Build an emergency fund:
“I want you to build the biggest emergency fund you can! Ideally 12 months of money. So if you make 50k dollars a year, you need a 50k dollar emergency fund. 100k dollars a year, 100k dollar emergency fund, etc.”
-Steve Siebold
He is basically trying to stress saving almost every dollar you can without going homeless or starving. An emergency fund is the only thing you can worry about if you are low income since this is the only way to ride out the longevity of a recession.
-Cancel your subscriptions:
“Cancel them for now, you can get them back later… I know it’s $20, $10, whatever it is… It’s gonna add up over time.”
-Steve Siebold
-Get a library card:
“Get a library card.. I check out books all the time… they have games in there for kids, they have a whole DVD section… it’s all free.”
“For now, make that your entertainment system.”
-Steve Siebold
I’d stress this as well, a library card will allow you to check out movies, get games, read books. It may not be instant for some or give you access to newest releases, but it’s a good way to pass the time while saving money.
-Sell off old stuff you own:
“Go through your old clothes, your attic, your basement, everything you can. You’re probably sitting on thousands upon thousands of dollars that you don’t know… Go on Facebook marketplace and sell it there, go on Ebay, sell it on whatever platform you want - you can probably bring in several thousand dollars.”
-Steve Siebold
This is a hard one because many people would hate to part with things they’ve built an attachment to, but if you feel you can let go on specific designer items or items of value to bring money in during a time of financial struggle, it’s best to bring the funds in to survive the coming recession.
-Stop donating to charities:
“I know this is controversial, do it for now - now, you are the charity!”
-Steve Siebold
This I want to say I agree with to a degree. This point largely applies to people who are either poor or lower-mid middle class. Stop donating to charities - if you can’t stabilize yourself, you can’t help others financially. This is why during a time of recession, building a collective of people who can feed and assist those in need is of the highest priority. Mutual aid only works best when hundreds are involved in it and its assisting many in the most dire need.
Plus, anyone who knows about charities, knows that most charities take a significant percentage for themselves before it gets to those in need. This is also why mutual aid groups are necessary, especially ones connected to socialist, anarchist or communist groups.
-Stop Tithing
“Stop giving the Church 10%, the 10% is not going to get you into heaven… They’re not going to take you in, they’re going to leave you on the street, they’re not going to feed you, if they do then go ahead and pay them the 10%.”
-Steve Siebold
For most religious institutions, paying them part of your hard earned income is not going to be reciprocated in any financial or material way. They will leave you to suffer. This applies to most Churches, some mosques, and some synagogues. You need to know which religious community is giving back to its people, and which is blatantly lying. Plus, as a Muslim, it does not apply to the poor to donate when they are already under serious suffering.
-Start a business:
“You say “what do I do, I don’t know what to do?” It doesn’t matter, the tax system in this country that Reagan changed in 1986 is all for starting small businesses - it’s all geared towards small businesses. You don’t have to make a profit. What you’ll want to do is be able to write off part of your apartment, part of your house, when you use your car, your dry cleaning - all these write offs you have to reduce your tax bill so you can have more cash than before… You should be paying half what you do in taxes, because you have write offs. This is legal, all legal… Rich people do this everyday guys.”
“If you can’t do a business, side hustle! Uber, Lyft, it’s not a ton of money, ok, I get it, and it’s a pain to do… but if you take all that money and dump it into an emergency fund, it adds up pretty fast.”
-Steve Siebold
I know this one is very controversial for my fellow Marxists, but it is the truth. There is legal loopholes that anyone can exploit in taxes, and we should be using them so the government isn’t stealing more from us. There is no logical reason for us to be giving the government this much in taxes when we know too well that our taxes are largely going towards bail outs and war. Sometimes fighting the system means using loopholes to outmaneuver the system from stealing what we was too unaware of to outmaneuver. (Also if you plan to start a business to make use of tax loopholes, check into Wyoming and Delaware registration offices. Those states keep your personal information from access by the public).
Additionally, with a recession quickly approaching our door, it’s important to make as much money as possible to further our longevity. If you got specific skills you know you can monetize, do it. If you have access to products you can easily supply and sale, do it. If you’re good at graphic design, use a print on demand company and sell on a website. As long as it’s you doing most of the labor, you aren’t a capitalist - even with that, there was and still is class traitors. If you are set in your political ideals, you shouldn’t be worried about sacrificing them even if you become wealthy. Ultimately the movement has always needed highly devoted members who make a lot of money for the cause, that’ll never change. What matters is if your values are genuine and serious enough that nothing will change them - not even a serious amount of money.
-Stop discretionary spending:
“Stop going on Amazon, for now, you can do it later… Stop going on Amazon and buying stuff you don’t need. If you don’t absolutely need it, don’t buy it.”
-Steve Siebold
If it is not rent, food, gas, or a necessity to survive - don’t spend on it. Same goes for going out to eat and going to theaters.
-Stop investing in your 401k & Roth IRA:
“That’s terrible advice, I love the Roth IRA, it’s fantastic - but - YOU NEED LIQUID CASH! If this thing all goes to hell, and it looks like it’s going fast, you’re gonna need cash… If this is all just exaggeration, you can take all that money you collected for an emergency fund and dump it into your Roth IRA and have a bunch more money for retirement.”
-Steve Siebold
In times of serious financial struggle in the country, it is significantly better to have physical cash or accessible cash, than to have stored cash in an investment firm. You’ll need cash at an instant if things go into the red.
-For my Marxists:
During this recession, there will be no excuses for individualism. I’ve been saying for years that the only way we’ll be able to survive in America is by networking and building collectively - well since Covid that’s become more of a necessity than ever, and now with the recession it’s either we collectively work together or suffer significantly.
We need to build strong communities and networks in order to stabilize each other, and then build programs and structures to assist those in need around us.
I can not stress this enough, please begin building and planning for this recession immediately. Work together, save as much as possible as a group, and organize programs for yourselves and your communities.
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This work is licensed under a Creative Commons Attribution 4.0 International License