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| -Signs, Portents, and the Weather- |
| Rising to the Challenge: Can This Be a Great Generation? |
| 2020-03-30 |
| [American Thinker] By now it should be fairly obvious that we are headed for an economic depression. Even small dips America’s economic activity produce recessions. The unprecedented lockdown of large parts of the United States will inevitably produce a depression such as we have not witnessed in our lifetime. This would actually be a lucky scenario. If the shutdown goes on much longer the result will be a severe economic depression followed by fiscal breakdown and the unavoidable societal upheaval. Please make no mistake: the federal government cannot legitimately finance this country’s closure. The fact is that it simply does not have the money to bankroll the gargantuan stimulus it has just approved. In fact, our government is broke and it only lives on further borrowing. If we keep going on like this, it is only a question of time before the buyers of US treasuries completely lose their faith and the dollar collapses in an inflationary spiral. When this happens, all hell will break loose. |
| Posted by:Besoeker |
| #5 New Debt is VITAL to mask the damage done by taxation of incomes. The debt lands in land costs so the establishment win. OK your wages gradually buy less and less, but they seem to ignore inflation in the inflation figures. |
| Posted by: Bright Pebbles 2020-03-30 15:59 |
| #4 Judging by Folks at the DQ Stockers at the grocery Vendors trying to keep my enterprise network up Window sales guys Rodeo techs Minimally functional. |
| Posted by: Skidmark 2020-03-30 12:04 |
| #3 The ones who went to spring break despite warnings, or who had coronavirus parties, or licked toilets, should get low priority for ventilators. |
| Posted by: rjschwarz 2020-03-30 10:45 |
| #2 Judging by the spring break videos from Fort Lauderdale? |
| Posted by: g(r)omgoru 2020-03-30 03:35 |
| #1 No, they're idiots. |
| Posted by: Skidmark 2020-03-30 03:21 |