Normal
All the respected economists and major investors who called the 2008 Great Recession all believe there will be a massive economic crash. How big? 1929 great depression level. I believe that as well. America is sitting on a few economic bubbles that we haven't seen before. By bubbles I mean a trillion dollars in size or bigger. America has a 5 trillion dollar budget so we are talking at least 20% of the economy.The student loan bubble is well over 1.5 trillion. Car loan bubble is about the same size. 30 years ago car loans went no longer than 24 months, rare occasions 36 months. Now its 5 years or more. There is a consumer credit card debt is monstrous. The corporate debt is almost 20 trillion. AT&T alone has a debt higher than most major nations (180 to 200 billion dollars). Most Ameircans are 1 pay check away from insolvency.Countries almost never go longer than 7 or 8 years without a recession. America has gone 14 years. The only way you can do that is if you artificially keep the economy up and its all smoke and mirrors and house of cards. China is also sitting on the biggest housing bubble in recorded history. They will be in a very bad way as well. The big difference between China and America is they know it and are working behind the scenes to minimize it. America isn't. America and China together is almost half the worlds GDP.My guess is America will go through a few things. When the economy crashes, we'll see a whole lot more mass shootings. Its what whte men do when they lose their shit. Blacks will suffer the most economically, being the most vulnerable. Homelessness will become the norm. We'll see whole families, usually single mothers on the streets. Prostitution will skyrocket and become nromalized. Women doing it as a side hustle to make ends meet. Both parties will be run by the fringe of both parties as people lose faith in the establishment. I think eventually it will be a far left government. The party willing to cut a check to the average people, even though the dollar will be worth a lot less will win out. And that are the Dems.
All the respected economists and major investors who called the 2008 Great Recession all believe there will be a massive economic crash. How big? 1929 great depression level. I believe that as well. America is sitting on a few economic bubbles that we haven't seen before. By bubbles I mean a trillion dollars in size or bigger. America has a 5 trillion dollar budget so we are talking at least 20% of the economy.
The student loan bubble is well over 1.5 trillion. Car loan bubble is about the same size. 30 years ago car loans went no longer than 24 months, rare occasions 36 months. Now its 5 years or more. There is a consumer credit card debt is monstrous. The corporate debt is almost 20 trillion. AT&T alone has a debt higher than most major nations (180 to 200 billion dollars). Most Ameircans are 1 pay check away from insolvency.
Countries almost never go longer than 7 or 8 years without a recession. America has gone 14 years. The only way you can do that is if you artificially keep the economy up and its all smoke and mirrors and house of cards. China is also sitting on the biggest housing bubble in recorded history. They will be in a very bad way as well. The big difference between China and America is they know it and are working behind the scenes to minimize it. America isn't. America and China together is almost half the worlds GDP.
My guess is America will go through a few things. When the economy crashes, we'll see a whole lot more mass shootings. Its what whte men do when they lose their shit. Blacks will suffer the most economically, being the most vulnerable. Homelessness will become the norm. We'll see whole families, usually single mothers on the streets. Prostitution will skyrocket and become nromalized. Women doing it as a side hustle to make ends meet. Both parties will be run by the fringe of both parties as people lose faith in the establishment. I think eventually it will be a far left government. The party willing to cut a check to the average people, even though the dollar will be worth a lot less will win out. And that are the Dems.
