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January RAGE Gauge: MEET the Scorched Earth Economy

January 20, 2022 By E.J. Smith - Your Survival Guy

By alvarobueno @ Shutterstock.com

Your Survival Guy’s latest RAGE Gauge is in, and it’s not pretty. What did you expect me to say? The coast is clear, the supply chain isn’t rusty? I’m Your Survival Guy, not the president. But here’s the deal. With Covid soon to be a distant memory and Biden’s presidency cooked, that should be good news, right? Not so fast. Because if there’s no “excuse” to pump trillions of dollars of “free” money into the economy because of some political virus and Biden can only get a pared down “spending” package passed, we’re left with what Your Survival Guy calls a scorched earth economy.

Trillions more in Covid rescue money is not going to resuscitate small businesses, most of whom used the Covid cash to feed their own families. The Covid cash was basically the government saying: “Here’s what your business is worth—all your built-up equity—take the check and leave.” Small businesses were bulldozed into a scorched earth economy. They’re GONE.

And Biden’s pared back spending plan, if he can pass one, will take years to build bridges to nowhere. That cash, whatever it ends up being, will be used for more of the same: NOTHING productive. Poof. Gone. No real improvement, just a stab or jab to buy more votes. What about that Republican red wave in November?

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Republicans need to show they have some backbone and stand up for America rather than get into a ridiculous war with the paper tiger Putin and recognize it’s CHINA STUPID. And I’m not talking about going to war to save Tibet or Taiwan. That’s not our fight. Our fight is with America’s corporate elites who have sold the country’s manufacturing base down the river on a boat to China. America is the Walmart of globalism, down on bended knee to the lord PROFIT China with immeasurable costs.

When Silicon Valley designs software and China makes products, what happens when China says, “Sorry we’re closed.” You can have the best architectural plans, but without builders, you’ll need to wrap yourself up in them to stay alive. Anecdotally, when Your Survival Guy’s gas stove broke, I was pretty desperate. What happens when there’s no one around to build stuff when China’s helping other countries?

Action Line: Covid and Biden are soon to be distant memories. Let’s not forget how much cash they burned or how much owners’ equity was lost in the scorched earth economy. Do you really think China’s going to be there FOREVER? It’s time to get serious. Click here to sign up for my free monthly Survive & Thrive newsletter and get serious about the road ahead with me.

P.S. REMEMBER WHEN?

“Behind me stands a wall that encircles the free sectors of this city, part of a vast system of barriers that divides the entire continent of Europe. . . . Standing before the Brandenburg Gate, every man is a German, separated from his fellow men. Every man is a Berliner, forced to look upon a scar. . . . As long as this gate is closed, as long as this scar of a wall is permitted to stand, it is not the German question alone that remains open, but the question of freedom for all mankind. . . .
General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization, come here to this gate.
Mr. Gorbachev, open this gate!
Mr. Gorbachev, tear down this wall!

—Ronald Reagan, address at the Brandenburg Gate, June 12, 1987

Who will stand up and FIGHT for AMERICA today?

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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E.J. Smith - Your Survival Guy
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