Well as an American worker I would say this, how motivated do you think we’re going to be with stagnated wages the last forty five years and a reduced standard of living? Do you think American workers should bust their asses off for minimum reward or incentives? You sound like a boomer or what I like to refer as the arrogant traitorous duplicity generation.
I can’t wait til the United States collapses as hordes of aging arrogant self centered boomers will be seen scrounging around for food being lucky occasionally if they find a can of cat food to eat. I’m so sick and tired of the ignorance, sycophantic nature, or arrogance of the older generations in this country.
Truth be told it is the arrogance, stupidity, or ignorance of the older generations that has effectively put western civilization’s entire existence in jeopardy with their constant short sightedness. When future history is written your generation will be known as the worst generation to have ever walked this planet.
Looking at recent payroll stats being released today the United States has almost 98 million people not in the workforce at all edging closer to 100 million. Part time jobs also seems to be on the rise where quite possibly might be the only job growth in the country. Part time and low wages, what’s not to like? This must be the robust growing economy of the United States that I always keep hearing about.
Still waiting for this dam to burst as you can see the leaks coming from the system of control everywhere.
Larry Kudlow the new economic advisor of the Trump administration that is an ex Jew converted to Catholicism, of course concerning economic or monetary policy once a Jew always a Jew.
If I bet “down” and I’m right, then I’m going to have bigger problems. Up is the only way forward and I don’t think you or I will live to see a complete loss of confidence by the sheeple.
The banks have the tools necessary to flood the system with money to literally force stocks higher in lieu of simply buying shares outright, if necessary. I believe that is what Yellen was referring to. And Bernanke states that rates couldn’t rise because cheap money is here to stay, which backs Yellen’s statement. If the market goes down, it’s because they want it down, which means it’s only temporary (shearing the sheep) and therefore any dips are buying opportunities.
Hotel California is their best tune. A lot has happened since the time of Greenspan, Bernanke, and Yellen where it is becoming significantly harder to prop up this debt fueled illusory service economy of the United States where once it runs its course economic collapse is all but guaranteed. That’s why I created this thread as a sort of illustrating archive on our road eventually to the economic abyss.
It’s quite simple really, financial debt along with the devaluation of money is crippling the United States economically, as it spirals out of control overtime which is all but guaranteed a hard correction is unavoidable where economic collapse is inevitable. There’s nothing the Federal Reserve or anybody can do about it. There is no political cure, solution, or reversing the problem either. There is no feasible way to dig ourselves out of this financial black hole.
We live in a real time dying empire where its last dying gasps will be horrific and will be felt globally. I surmise that this economic collapse will be soon. I estimate sometime between 2019-2025 the latest.
It’s largely why I don’t worry about anything because I already know how all this ends.
A financially indebted Japan last year has been forced to buy up 75% of all Japanese government bonds as of 2017. Just another nation on the road to financial ruin much like the west. One wonders when the Japanese markets will explode down. A friendly reminder Japanese markets are completely dependent on American and European markets predominantly.
S&P still dropping along with the rest of the markets in the United States as a looming trade war with China is being proposed. Tariffs on China are estimated to be 60 billion dollars worth.
The goal is to have a 100 billion dollar trade deficit reduction with China.
Here have a funny Chinese rap music video. (Pretty hilarious and stupid that it hurts.)
Who cares about devaluation of money when it takes 10x less time to earn a pound of sugar than 100 yrs ago? Old people used to say “I remember when bread was a nickle!” Yeah, but how long did it take you to earn that nickle? Grandpa picked cotton for 10 cents per bag, so maybe he could buy 3-4 loaves per day, but a minimum wage worker today could buy 20 loaves easily even though the bread costs 20x more and the average worker wouldn’t have enough room to store all the loaves he could buy.
Dollar devaluation is a meaningless concept. What is meaningful is how many hours need to be worked to buy something.
Yup and every time there is a financial hiccup, everyone flocks to the safety of the yen. Japan absolutely cannot print enough yen to devalue it and, I swear, if japan sunk into the ocean and ceased to be a country, its currency would reach infinite value instantly.
The more they print, the more need for more printed money to keep the value down. The only way to devalue a currency is to accelerate printing eternally… and it’s possible that the acceleration itself would need to accelerate just to hold the value down. Every yen or dollar or euro printed necessitates the printing of another or else there will be a shortage of currency to pay back the interest on the old money.
Why can’t debt not grow unbounded forever? Compound interest added with declining wages and income along with rising costs. There also develops a sort of revenue crisis to which a government can’t fund itself also. Eventually economic deflation, hyperinflation, or combination of both will take over and completely decimate the entire financial structure. This is where we are currently.
Well as an American worker I would say this, how motivated do you think we’re going to be with stagnated wages the last forty five years and a reduced standard of living? Do you think American workers should bust their asses off for minimum reward or incentives? You sound like a boomer or what I like to refer as the arrogant traitorous duplicity generation.
This must be the robust growing economy of the United States that I always keep hearing about. 
