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In their desperation, to cling to wealth and power (that they created) central banks may have set a combustion process in motion that they can’t stop, one that may bring about even more ghastly consequences than the market troubles they sought to avert in the first place.
At the rate that our economy is currently slowing down, America may become an economic horror show a lot sooner than many people had anticipated.
You can spend more money than you are bringing in for quite a while, but eventually, a day of reckoning arrives.
With debt levels at all-time highs, 40% of those living in California and New York want to flee their states for tax havens and less socialist policies.
A surprisingly dovish turn by the Federal Reserve and intense new worries have rattled Wall Street, sparking more recession fears and concerns about a global economic slowdown.
Usually, the Federal Reserve is extremely hesitant to say that an economic slowdown is taking place. Now, they’re coming out and saying it.
Even mainstream economists are admitting that economic activity is slowing down.
There’s a difference between poor and broke. It would be nice if millennials now taught their children the power of debt, and how it can enslave a person. Hopefully, the next generation won’t make as many mistakes.
Sadly, we haven’t learned from our past mistakes, and millions upon millions of Americans will find themselves drowning in an ocean of red ink once again during this next recession.