Agree, US is a credit card country. Even if those people that has $$$, they will still will use credit to pay for stuff. There are too many American living on pay checks by pay checks.
You mean credit card to credit card.
Agree, US is a credit card country. Even if those people that has $$$, they will still will use credit to pay for stuff. There are too many American living on pay checks by pay checks.
Agree, US is a credit card country. Even if those people that has $$$, they will still will use credit to pay for stuff. There are too many American living on pay checks by pay checks.
Hi horse,I read a couple of stories in the media a few months ago that people in Florida were reputed to have been filling up their gas tank to full to go line up at the food bank.
The food bank in America story is interesting because, well, it is an economic story, such numbers probably not reflected accurately in the official story they want us to believe.
What happens to labour in the developing world? The labour market is characteristic by unemployment and under-employment.
When we see bread lines, we can safely assume one or the other is in effect.
Also, what about the future if the robots are coming for our jobs? The third world labour conditions, affectionately known as shit holes countries by our most favourite president, of unemployment and under-employment has the real potential to be a permanent feature of the system.
The most curious part of this picture, it appears the 1% not bothered by this at all, perhaps the reason being the 99% have no clue what is going on.
Remember the Occupy Wall Street Movement? I remember those protestors so vividly, because they knew they had to protest, but could not explain anything.
The financial crisis of 2008 precipitated by the Lehman Brothers collapse was the real game changer, that planted the seeds that will eventually change the world.
Its time for China so start unloading those forex reserves before it become worthless paper and buy more gold or commodities
Hi ansy1968,Hi horse,
What is so worrisome as you said is the elites doesn't care, well they control the media and they gaslight Trump and his supporters, fomenting this culture war.
Horse had it occur to you that there might be a huge migration crossing to Canada from the US, your version of Mexico, I think you may need a wall ASAP
The financial crisis of 2008 precipitated by the Lehman Brothers collapse was the real game changer, that planted the seeds that will eventually change the world.
That financial crisis, and it remedy which was Helicopter Ben doing his Quantitative Easing thing, exposed the system for what it was, which was the financial shenanigans of Wall Street introduced systemic risk into the entire financial system and economic system, and the cure of QE probably is worst than the disease.
No clean up of Wall Street has ever happen. Them bankers and traders still playing the same game. It was not like how the CCP postponed the Ant Financial IPO. At least the CCP will try to do something about such unusual risks, but not in America.
No way Jose.
The USA survived this 2020 financial crisis, but just barely. The next crisis who knows what would happen, the US Dollar could collapse. But crisis like these do not come around often. Give it 5 to 7 years before we start seeing clues of when another one can hit.
There is time to adjust whatever you want to adjust.
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Its time for China so start unloading those forex reserves before it become worthless paper and buy more gold or commodities