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No, is not you......when you all experience SOCIALISM you will know that it feels the way it feels now a days!!!!! Get ready because is coming soon to your HOME!!!! If Trump STAYS!
I already think I know where the next bubble is: student loans. I think it was $1.1 trillion last I checked (may be higher now). I think that's about double what I thought the TARP bailout was.
And college costs keep going up and up while the value of degrees go down. It's going to burst. They may attempt to try "free college" legislation to stop it, but I don't think even that will stop it (plus, even if it does, it will hurt us somewhere else.)
It already is a bubble. But I don't think downstream implications would be anything severe like 2008.
The Fed could do a College QE. But I highly doubt that.
The economy isn't isolated to the banking system. Come on... You really can't understand the concept that when someone doesn't have to make their mortgage payments because the Federal Reserve $2 trillion QE bailout of GSE MBS let them off the hook, they spend that money on other things?
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I know of no one having their house without payment. It may be. And if so, then the rest of the economy will gain.
False. QE that can't be unwound dilutes the value of the $US.
The economy isn't isolated to the banking system. Come on... You really can't understand the concept that when someone doesn't have to make their mortgage payments because the Federal Reserve $2 trillion QE bailout of GSE MBS let them off the hook, they spend that money on other things?
False. QE that can't be unwound dilutes the value of the $US.
I already agreed with your first comment.
QE is only one of many factors that influence the value of the USD. Raising/rising interest rates is far stronger.
I suspect that unwinding QE will have some affect somewhere, but don't think it as important as the interest rate effect.
For a healthy economy you need a strong manufacturing base, something we've given away to many countries including communist China. If war ever breaks out with them, which is not much of a stretch to think it could, will we even be able to produce our military hardware in the numbers we'd need to? Not to mention we are losing our ability to make things, fathers used to teach their sons trades which doesn't happen enough any longer because the jobs have gone overseas and to Mexico.
As for the unemployment there's no good way to come up with an accurate number. It is not even close to being as low as the government wants us to believe. Fall off the unemployment rolls, you no longer count and there's no way for the government to know who is still looking for work or who isn't but gave up looking because they knew there were no jobs available where they live. And of course we have millions of Americans who would love to work full-time but are relegated to part-time status because they can't find a full-time job. Companies love keeping workers at part-time status to create two classes of workers, those who receive benefits and those who don't.
I believe at some point, employers and the government will reach a "truce" where the government will cover things (via our taxes) rather than employers providing the benefits. People will cheer, till the government decides to cut benefits to the disabled, etc that they don't think worthy of living (see Down Syndrome genocide via abortion in Iceland) and then they'll cut healthcare, etc off to those that don't agree politically with whichever regime is in power.
I'm hoping to head them off before this point is reached and expose both Big Business and Big Government.
Indentured Servant’s post #163 should be printed out and taped to every American’s forehead.
I know this. I'm still trying to figure out how to expose this and crash, but not totally, the fake economy so that Wall Street and the globalist elite finally suffer losses and can no longer make money off our back. The best way I can think of is to try and convince people to artificially reduce their standard of living (meaning that they aren't doing it because of necessity, but because of free will). This would help stop the buying on debt and also reduce purchases. Wall Street would take a BIG hit but we'd be more insulated as we'd be used to living on less. Wall Street's goal is to get us to go spending loads of money and even going into debt to keep purchasing so that they can keep the charade going.
Then we need to pounce and abolish the Fed. The stock market will be in the toilet. Actually, likely headed down the pipes of the toilet, but, this time, unlike the crash of 2008 and the perhaps even unlike the crash of 1929, this time, Wall Street will be the loser instead of us average folk taking it for the team.
The major difference with China compared to Weimar is productivity. You don't go down the tubes with continuous productivity growth and relatively low inflation. Of course Weimar was the opposite. Zimbabwe is simply a story of governmental malfeasance. China having raised the lot of hundreds of millions of their people in a relatively short time means that they are doing something right.
And much of their success IMO is due to their more aggressive and secretive use of their fiat. This is real QE for their people. No, I don't think it can or will go on forever. And as their central command turns their now advancing economy towards its people as we did post-WW2, they will support themselves more through conventional consumerism.
China's authoritarian government will not let things get good enough for the people to actually be well off. Then they'd be able to toss out the tyrants in power. Thus, at some point, they'd do something to try and keep their people from getting richer but try and send all the money to the leadership. And, when that happens, things will go bust. And they have something in their favor that would speed up them getting rich: the leadership has nationalized most, if not all, of the country's corporations already.
The way they can keep surviving is by stealing OUR technology and patents. If we stop them, they REALLY take a tumble.
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