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RE: WARNING SIGNS ABOUND FOR U.S. ECONOMY

in #economy7 years ago

Yes, we must increase productivity! The four laws are not enough. We have to eliminate the government and trade deficits. Let's let the President and his team deal with the government deficits, but it's up to you and me to close the trade deficit fam.

I believe the trade deficit and the dependency on the Federal Reserve Notes are the two largest threats to the security and future of this nation. Let's do something about it!

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I bet the deficit will rise to the limit
In October trump needs the votes of the democrats ore the government will shut down that's gonna be fun

The democrats need to give careful consideration when using the threat of forcing a government shut down. It may have the opposite effect that they hope for.

But the trump voters don't need the gov anyway
And the republicans did it too

Even if the government shut down and the market crashed, which is a long shot in itself, the downside of the crash could never go down to where it was before Trump was elected. The market would have to crash 20% just to equal out to where it was in November when Trump was elected. Plus, doomsayers like this author have been predicting a crash since 2009 when they called for a double dip recession. The market would have to lose 80% just to break the doom and gloom camps even.

So you saying there will be no problem with the economy that's what you mean
Now I am confused

How, on a day like today where the market goes up 1% like butter, could somebody question the economy? I don't understand, how you are confused. Have you seen house prices? Have you seen the stock market index prices? Have you seen your insurance bill lately? There definitely is no problem with the US economy. The US economy is made up of those entities which are doing so well. We had a problem with the economy in 2008 for 14 months or so, when housing prices were affordable. When stocks were affordable. When insurance was semi-affordable. Now, we are in the best economy the world has ever seen. Pick a side, low prices and less jobs, or more jobs and higher prices? We can't have it both ways. Thing is, there is nothing to stop the inflation that QE kick-started. The only thing that could stop the inflation train is nuclear war or a mass extinction virus. This train is rolling baby! There is no way to get back the money that the 1% made since 2009. They have all the money and they are keeping it. Thus, we are on the path to Venezuela. We might have a chance to level out, because we always have in the past, but we sure don't have a chance to get back to where prices were in 2008 because the inflation is way to extended.

The best action individuals can take is to get out of all personal debt. Starve the credit beast to death.