who could have figured all this out?
"The problem is people still don’t recognize the box that the Fed put us in. Because there is no interest rate that the Fed could put to fight inflation that the economy could withstand. If the Fed has to fight inflation, we not only have a massive recession, and a crash in the stock market and in the real estate market, but we have a much worse financial crisis than the one we had in 2008."
(Yeah, the $ will be done as well so thats: massive recession (think depression), a stock market crash, a real estate market crash, and worse financial crisis than 2008 and the fall of the $ combined).
"What would happen to the economy given all the debt we have if interest rates even went to 10%? What about 5%? I mean, we couldn’t even handle two-and-a-half percent in 2018. And the economy is in much worse shape now with a lot more debt than it was then.”
What happens to your credit card or mortgage payment when the FED raises interest rates to what it needs to in order to fight this? Oh and lets thrown in a lil more supply lines disruption when the Russians invade Ukraine and don't forget Oil prices will go through the roof and petroleum is used in 1000's of everyday products you don't often think about so what happens to their prices?
It's not about the Ukraine. It's about a lot of things, but mostly?
It's about a way to bury the West.
They don't have a deficit BTW, they're 600 Billion in the black. And the largest nuclear stockpile in the world I might add.
If you were them?
When exactly would you feel bold enough to take on your adversary?
They are ready. They know the ramifications and are more than prepared to accept the consequences. They are a people used to hardship, it's ingrained in them from centuries of having to live through hard times. They are used to struggle. Can you say the same thing about US with a straight face?
The dishwasher not working here is a crisis for goodness sake.
Like I said, Godspeed everybody, and always always always praise your God.
(You might wanna go read Job...maybe...yup).
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