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https://preview.redd.it/9g8e42cwh2y81.png?758&format=png&auto=webp&s=df9182316f14e1c729a5b597f993f3c2876427b8

A number of other factors that is going on is house loans during the pandemic was "fought for" due to law. But now that is pretty much over, the banks are wanting to collect on that and current even when many can get employment.

Foreclosure activity shoots up 39% increase from the previous quarter and 132% higher than one year ago. https://www.linkedin.com/pulse/foreclosure-activity-shoots-up-nearly-40-from-end-/

Keep in mind, NINJA loan = No income, no asset loans started to kick back up. This was one of the many causes of the housing market collapse. This was meant to be illegal, but ya....

I would give a chart, but it is too early and there isn't any up to date chart on this that I can find.

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It is expected a lot of people are going to go homeless this year thanks due to this and other factors.

Important:

When you hear fuel prices, there tends to be a massive overlook on diesel. Between the 2, diesel is THE most important number. The fact is, your food, kids when they go to school, stuff you buy in stores, etc depend on diesel and not normal gas. Hopefully this will change to electric or something else over time. But for the here and now, even some ships use diesel.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emd_epd2d_pte_nus_dpg&f=w

https://preview.redd.it/tmrl5wwkk2y81.png?1308&format=png&auto=webp&s=bd6878ad348448b133c1ff36c6bdd11d292668c2

We are at higher prices than 2008.

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What does this all mean?

I can keep going on and on and on in showing how the market crash of 2007-2008 where it wiped out people's retirement and so on.

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There is 3 ways the gov can handle this.

1. Reward those who screwed over the poor by bailout. Same what happened in the prior bailout and what was the thing to caused crypto to really start
2. Another line of stimulus checks and this has proven to massively help the market. Instead of the money going from top down and just end up becoming bonuses or other things for the management and the heads of a company. This is a trickle up effect and it forces companies to compete with each other for your money. This is to include better worker rights, better products, better treatment of small companies, etc. Small hobby companies and other small companies tend to benefit the most compared to major companies since many give the personal touch, and aren't out to screw you.
3. Do nothing and just let the economic system collapse or maybe fix itself. IDK, maybe this is the right thing to do even with it having the highest chance of personal problems, deaths, etc.

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So, we never dealt with this in crypto. Like the last one was a major cause for it. And people turning to crypto isn't likely because that only really taken off when it had real value and that is what they were after. So I wouldn't expect just because the world has gone to crap, crypto will take off. However, since more retirement funds and other things are going to crypto. It is likely we will see injections into crypto, insurance companies investing into it, and so on. Depending on how it handles itself is depending on things.

This isn't financial advice or anything like that. Personally, I'm not buying just yet. I'm sitting and waiting on when a flat line happens. I don't expect a rush up to ATH any time soon because there is 0 indication this will happen. I feel there is a higher likely we will see a mostly flat line for a while and crypto will be even more forgotten than it is today. And IMO that is when it is time to buy.

But keep in mind even in those times if you want, there is wild swings and you can make some money if you time things right

https://preview.redd.it/mliei4vfo2y81.png?1496&format=png&auto=webp&s=f5d1468f7ec3fd907591ce5c7258ad155da64216

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(and note, we might be flat line right now. We might actually be seeing even bigger swings in the next 5 year where what happens this past year looks like a flat line)