THE CRASH WILL BE SPECTACULAR

Was that before, or after Trump incited an insurrection and mayhem and engaged in a massive conspiracy to subvert democracy for which he now has been indicted at 91 felony counts?

 

they've been predicting an economic collapse since I was 14, and I'm 72.

The US Economy is a rubber band, and it will stretch and stretch. But, like all rubber bands, if you keep on stretching it it will snap eventually. But this rubber band is invisible and no one really knows how big it is. Apparently it's a lot bigger than most folks think it is.

 

It would seem that every time a problem pops up, especially a problem that the liberals caused, their knee jerk reaction is to blame conservatives, or the RNC or Trump followed by attempting to connect the issue to Russia, or China or racism or sexism or the other devil of the minute.

Never a response to suggest a solution (well, if one doesn't count killing all conservatives) or accept the responsibility.

People, we're in debt up to our nose holes, the POLITICIANS in DC have done this to us, and they aren't going to fix it until we make them fix it.

Understand?

 

India wants both worlds. They want to trade with China and want the protection of the US military from Pakistan, their greater enemy. What India worries about is Pakistan and China joining forces and India becoming the next Israel. PM Moti knows that with the second largest population, the economy is key, which is why they want US protection, immigration, and trade. They want Chinese trade but not the silk road format. They also trade with Russia and have bought Russian aircraft because it is cheaper than ours and just as effective.

India uses the rupee, and the dollar is used to show wealth in India, especially among the industrialists and the uber-wealthy like Moti and others.

 

These three banks you listed are heavily invested in both residential and commercial debentures and lending. But that is to be expected. And yes, inflation is a concern. But even with the inflation, our economy is showing resiliency with a continuous low unemployment rate and positive GDP growth. There is now evidence from the leading indicators that the recession is less likely for now and thus it is not proving your doom and gloom predition here.

Closing branches is normal when you want market efficiency. this is how capitalism works, and with technology, the use of the internet to do banking, and so forth, it is also to be expected and it appears the shareholders approve as the prices of their stock is going up, not down. That means there is demand for this stock as a good investment despite the negatives you are pointing out. It also shows the business leadership of those banks are taking the necessary actions to maximize profits, EPS, RIA, and other indicators shareholders are looking for. So, that is a bust for you.

 

Are you talking about the uprising of the people after the rigging of the US election?

By the way, have you noticed the rebranding of the Catholic Church?

 

We'll see.

 

If you think it's great, you're welcome. That's your opinion. Ostriches, for example, hide their heads in the sand.

A video for you of a prosperous america - "Russia At Risk? Does Moscow Have Homeless and Trash Like Los Angeles !?"



Have you seen it? Now you can say "these are bad people," "they want it that way," "things are actually much better".... and my favorite, "you're all lying."

 

What rigging would that be? and provide evidence.

No one else seems to have it. Not Trump, Not Lindell, Not Giuliani (he even admitted it), etc etc etc.

I'm sure Trump would make you VP if you have it.

But, of course,. you don't.

There isn't any.

Why is that?

There was no rigging of the election.

 

Back in 2019, Mike Podhorzer brought together thousands of former Obama administration officials, staffers, lawyers, human rights activists, and corporate executives and created what is now officially called the "democracy-saving conspiracy." Translated into human terms, it is election rigging technology.
The details of this enterprise were recently revealed by the popular Time magazine. "It all sounds like the ravings of a conspiracy theorist," writes journalist Molly Ball, "but it was really a secret conspiracy of wealthy and powerful people .... who changed the laws and voting rules, formatted the press and took control of the entire flow of information." https://time.com/5936036/secret-2020-election-campaign/

And all you have to do is say, "You're all lying."

 

Yep! The entire "Western World" collapse is inevitable. WHAT’S LEFT IS MOP-UP.
But wait, there is a hope - as thousands of Russians leaving the Putin's heaven, there are new openings. Let's go there before is too late!

 

Well, we are not in a major recession, we have a tight labor market, we have a positive GDP growth, so it is doing okay, not great. Yes, we have some issues, but that is mostly the effects of 5 decades of FED policy, greed, personal choices, and so forth. No one can have it all, but it is not the doom and gloom that you or certain MEGA conservatives say our economy is. It can do better, but most of that is beyond the control of the WH, Wall Street, mom-and-pop stores, and so forth.

There is homeless people in every country, even in Japan, China, Russia, etc. Even here. Homelessness here is more of a local issue than anything else. It is how our government works. There are some solutions, but the issue is, like everything else, more complicated than you understand. And even a great economy can have homelessness. But if you think that our homelessness will bring down our economy, then you do not understand, truly, what economics is, or anything else you post here.

 

Maybe you could try writing comments in a meaningful way?

 

Hmmm... That's your opinion. ...Ostriches, for example, hide their heads in the sand... I'm not surprised.

 

By any and every economic definition, we are not in a recession, and the leading indicators, for now, say a recession is not very likely. Those are facts.

 

The fact is when the author of the term GDP, Simon Kuznets says that to measure economo by GDP is idiotic, irrelevant to the real economy and applicable only selectively and in a very narrow economic reading. Now that's a fact. But you keep talking about GDP. At the same time referring to "economics".
The GDP figure is a trivial PR exercise to deceive the population. And I can easily prove it to you. But I think you know that.

 

There wont be a spending cut. Even when someone wins running on spending cut, they don't cut spending.

Stock up on food.

 

I've noticed that the pope engages in political ideology. Since his church serves people of all political ideologies, I think he would do well to spend his time managing the church organization.

 

History and our experience would say that you are correct.

 

That's true. But for the Vatican, the politics of plunder and sadomie is their way of existence. Look back at the historical processes of the Catholic Church - as soon as financial problems arise, the Vatican immediately begins to put together another crusade. Or look back at previous popes - for example, from the time of Borgia to the Hitler Youth Benedict XVI.
They're all like this.

 

We part ways with that hyperbole. Better get back to defending Russia..

 

Russia is doing just fine on its own.

 

GDP is a macro number. The Micro economic indicators also don't show a recession is looming. We, consumers, especially young folk, are spending like drunken sailors with consumer confidence as moderate towards the future. But GDP is the measure in which how well the national economy is doing. Two or more quarters consecutively indicates a recession, and the only organization that determines recession or not is called the NBER Business Cycles Index. In Simon Kuznet's time, he was an institutional economist, which means he believed in the role of the evolutionary process shaping economic behavior. It was complimentary to the Keynesian Economics of that time, although not such grandiose by Sir Beyand Keynes used to shaping economic policy and income of the nation. Specifically with GDP, Kurnets did not like counting armaments and financial speculation as net positive in the GOP wealth model, but it was included nonetheless because his research indicated as such through his econometric models. We mostly used GNP, Gross National Product instead of GDP. GDP is much broader than GNP which uses only those incomes within the national borders. But it is a measure of the national economy, which by general means, also allows a general belief that a majority of the consumers are also doing well. But micro numbers show the well-being financially, while macro numbers show the overall country's economic strength.

 

For the oligarchs yes, for the average Russian, not so much.

 

Then why do you defend it here with propaganda?