23 May ⚠️ We’re in Act 1 ⚠️ – the blog post
I’ve been reporting that I think we’ve moved from the Opening Prologue of this mess into Act 1. These “early” warnings about a recession causing millions of jobs to vanish and how white collar workers will be hit the hardest may be the only warnings you get from MSM sources.
-“⚠️ We’re in Act 1 ⚠️” https://www.buzzsprout.com/1125110/12885167
Last December, I spent the holiday season working on Will You Survive a Job Market Crash?: Easy Tools & Strategies You Can Use in an Economic Crisis because I could see what was coming. At the risk of sounding like a broken record: if you wait to be officially told, “We art in a recession!” IMO, you are waiting too damn late. By the time the corpo puppet masters allow their media marionettes to get anywhere near the truth on a large scale, it’s too late for you to do much of anything to help yourself.
“Here’s how to prepare for a layoff—before it happens
Ready to be laid off?
You should be. According to the latest data from the Bureau of Labor statistics, the United States saw the highest number of layoffs in two years this March—and more job cuts may be on the way.” –https://finance.yahoo.com/news/heres-how-to-prepare-for-a-layoffbefore-it-happens-130031544.html published on May 21, 2023
Uh, really? Does this not seem “too little, too late” to anyone else? Layoffs have already happened. LinkedIn kept a running tally of them for a while and then gave up, I suppose because it was depressing and it contradicted their narrative that the job market was fine, fine, just fine.
🔮 Prediction alert: it will be this way with the economy, too. This supposed recession that’s over the horizon somewhere, that’ll hit in maybe Q3 or Q4 of this year – yeah, we’ll get the same bunk with that as well. Meanwhile, anyone with common sense knows we’re already in a recession and doesn’t need an official announcement given to them to accept reality.
“Get your affairs in order
Hopkins also recommended that workers attend to their finances before getting laid off; his clients often hold off on cost-cutting until they’re let go. That’s too late. ‘A lot of those bills are still showing up a month later. So the month you get laid off, you now have high bills, the next month you still have high bills, and you don’t have the income to offset that,’ Hopkins said.” -Yahoo Finance, Ibid.
Sounds like death, doesn’t it? GET YOUR AFFAIRS IN ORDER. Jeez.
Look: at the risk of sounding brutal, if you need someone to tell you to get your financial house in order in an economic downturn, you may not make it. Another brutal point here: WTF do you think is gonna happen to that artificially inflated housing market? 🤔 If someone was approved for a mortgage and their income goes kaput and the job market sucks, what next? It’s an F word alright: foreclosure. We saw that movie in The Great Recession, that’s for damn sure.
“Make your boss an offer they can’t refuse
If you’re convinced you’re heading to the chopping block you might want to go to your boss and propose a deal. Hopkins has advised workers to propose working part-time, which would maintain their employment status (and health insurance possibly) while the company sorts out its cost-cutting. It would also give you extra time to search for another full-time job.” -Yahoo Finance, Ibid.
Well, maybe. I mean that might work, but I sure wouldn’t count on it if it were my neck on the line. Usually when the company has decided you gotta go, you gotta go. They want your paycheck and benefits gone completely, not partially.
But this is what we get from the MSM. Try to watch your budget and see if the boss will let you stay part-time. Wowee zowee. Thanks a lot. 😒
*slips on tinfoil hat*
If a news outlet like Yahoo Finance was allowed on Sunday to straight up say, “Ready to be laid off? You should be” after all the months of hyping up the strong labor market and all these supposedly open jobs, IMO, it’s a sign that the power brokers have done what they need to do to run this economic jalopy off the road good and proper. I don’t think you’re gonna be able to fight The Fed and I don’t think there’s a Hail Mary Pass to stop what’s coming.
“Federal Reserve Chair Jerome Powell and former Chair Ben Bernanke will participate in a panel discussion today. Powell and Bernanke will attend the Thomas Laubach Research Conference in Washington, D.C. on May 19, 2023.
The Thomas Laubach Research Conference was established to honour the legacy of Thomas Laubach, famous economist, colleague, and friend, former director of the Division of Monetary Affairs and consultant to Federal Reserve Chairs Jerome Powell and Janet Yellen.” –https://www.financialexpress.com/business/investing-abroad-jerome-powell-and-ben-bernanke-to-participate-in-panel-discussion-today-3092890/
Oh yeah. Just who we need to take advice from – Ben Bernanke.
“Ben Bernanke is a former Federal Reserve chair, serving from 2006 to 2014.
As Fed chair, Bernanke oversaw the central bank’s response to the 2008 financial crisis and the Great Recession.
Bernanke succeeded Alan Greenspan and was replaced by Janet Yellen.
Bernake introduced several strategies, including quantitative easing, to boost the U.S. economy during the 2008 recession.
Critics argue that Bernake flooded the economy with too much money, contributing to inflation and increased debt.” –https://www.investopedia.com/terms/b/benbernanke.asp
Well that certainly sounds familiar and not just because I was alive and well in 2008. Flooding the economy with too much money . . . contributing to inflation . . . increasing debt . . . by Jove, it sounds like the current situation!
I think we’ve moved from the Opening Prologue into Act 1. What will Acts 2 and 3 look like? I dunno, but I have the sneaking suspicion that 2008 and 2009 offer a glimpse.