Are We Having Financial Difficulties Or Are We Heading For Disaster?

What the smart people are saying

6 min readApr 27, 2022


I’ve been an armchair economist for as long as I can remember. I’m not a financial advisor and I don’t have formal training in economics, so everything that follows is my own opinion based on what I’ve read and understood, over time.

I believe we’re in for an economic thrashing like we’ve haven’t seen in our lifetimes. Let’s connect the dots.

Inflation is here with a vengeance. There’s two opinions on what the actual figure might be. The media and establishment suggest it’s somewhere around 8–9%.

But if you calculate the rate the way it was done in the 80’s, John Williams of Shadowstats.com indicates it might actually be in the vicinity of 16%. John has a reputation of being an honest guy.

I tend to listen to what he says. No matter how you look at it, inflation is crazy high.

Inflation is set to increase

The rate of inflation will get even higher. We’re not doing enough to stop it in its tracks. Typically we increase interest rates to reduce spending in order to offset inflation.

But many experts suggest we’re going into a recession. Increasing interest rates into a recession can make it worse.

Not only that, we’re not slowing our money printing and we are continuing to borrow. Gerald Celente suggests we are the greatest debtor nation in the history of the world. He’s right, we owe somewhere in the vicinity of 30 Trillion dollars.

The last time inflation was stopped, Volcker, the Fed chairman at the time progressively set the interest rate at 20%. It worked -but the economic fallout was a disaster.

I don’t think we have the fortitude as a country to endure federal funds rate set at 20% the way he did it back in 1980. My best guess is the Fed will try to raise interest rates and flip…




Just the guy next door, glad to meet you. Pull up a chair let's stir the pot together. Reach me at: lacks@mail.com.