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You realize, federal debt to gdp is only about half of what it was after WW2? After WW2, US federal debt was about 125% of GDP, and right now it's about 75%.
Last I recalled, the US economic system didn't implode into a blackhole in the 40's or 50's. But the republican media will ignore history if it makes a sensational headline.
Originally posted by Marodi
You realize, federal debt to gdp is only about half of what it was after WW2? After WW2, US federal debt was about 125% of GDP, and right now it's about 75%.
Last I recalled, the US economic system didn't implode into a blackhole in the 40's or 50's. But the republican media will ignore history if it makes a sensational headline.
Really? I had no idea...75% still isn't good, but I really really hope this stimulus will work. As someone who had to pay off my credit card debt myself, I just hate the idea of adding on meaningless debt.
And why would inflation occur in a recession, which is typically marked by a shrinking economy, job loss, and lower prices?
Also, I'd watch your language - everyone's angry at President Obama for his "fear-mongering." I wouldn't want people to accuse you of the same thing.
Monetary inflation. Notice how food prices aren't budging even with all the rush to cash? What about gold? If no inflation, why is it approaching $1K/ounce?
Real estate and US stocks will fall in price. Used to be 43 ounce of gold to buy the Dow. Now it's under 8. That's over an 80% decline in the Dow. If that's not a market crash, what is?
Monetary inflation. Notice how food prices aren't budging even with all the rush to cash? What about gold? If no inflation, why is it approaching $1K/ounce?
Real estate and US stocks will fall in price. Used to be 43 ounce of gold to buy the Dow. Now it's under 8. That's over an 80% decline in the Dow. If that's not a market crash, what is?
I think the crash has just begun. The only thing is, I think it's what they want it to do because without any private investment, no private enterprise, the government can control every aspect of the economy.
I think this is all going exactly according to plan. Remember what Biden said, he talked about something happening shortly after the election that people might not like.
You realize, federal debt to gdp is only about half of what it was after WW2? After WW2, US federal debt was about 125% of GDP, and right now it's about 75%.
Last I recalled, the US economic system didn't implode into a blackhole in the 40's or 50's. But the republican media will ignore history if it makes a sensational headline.
Who cares, we are not the ones who will have to pay for this, or Stimulus II or free healthcare for all or global warming pay offs etc, etc, etc.
Thanks Kids
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