We haven’t had true economic growth for over two decades, and if you think we have, then you are simply relying on the government’s doctored numbers they want you to believe, and don’t know how to run the “true” numbers to discern what the truth is, the “real" GDP +/-.
Last quarter was worse than 1981 rate of inflation. That is how bad this is, and will get worse. This is going to make the 80’s look like the roaring twenties.
You talk about your great great grandparents, well welcome to the Great Great Depression.
True inflation is above 12%. What do you think setting interest rates above 12% to tame it will do with being $30 Trillion in debt? GOOD LUCK servicing the debt. What do you think interest rates will do to borrowing power for businesses to operate or customers to purchase? Hmmm, think that will throw an anchor off the bow, and bring the economy to an abrupt halt? Layoffs don’t allow mortgages to be paid or put food on the table, and we won't even talk about lower fertilizer production and the issues that will bring to the forefront, especially when during the last depression many still lived in the country still, where they had the means to grow some food and most importantly, had the skills to survive.
$30,000,000,000,000.00
Look at it closely. Uncharted waters. That is called passing the Rubicon where you’ll never be able to pay it back, which leads to your currency blowing in the wind.
USA DEBT/GDP = 128%.
Printing money only makes it grow, not retreat, and they won’t stop the printing presses. They can’t, and the FED has zero tools to save the collapse that is here.
Why do you think they want to start WW3 so bad?
When you cut energy availability / production, you cut the ability for GDP growth. For every unit of GDP growth, there is an equal unit of energy behind it. No energy equals zero economic growth. The Global Warming fraud scam is designed to restrict available energy that will in turn choke off GDP. You have to have energy for GDP to occur.
People laughed when I wrote the 32% unemployment article two years ago at the start of this destruction of the economy.
https://www.24hourcampfire.com/ubbthreads/ubbthreads.php/topics/14727501/1Well guess what, it’s now here where people are starting to really “feel it”, and it isn’t going away. We are on the back side of the mountain now, and it’s just a matter of how fast will the snowball roll to the bottom.
