Forbes says if K Harris wins, Trump looses, USA is going into a depression
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BlessedPeace
Well-Known Member
Ronald Nolette
Well-Known Member
No mattere who wins America is heading for a depression.
1. $35 trillion federal debt.
2. Between SS, medicare, medicaid and interest on the federal debt- it absorbs $4.1 trillion dollars of the budget annually
3. Student debt is $1.7 trillion
4. credit card debt is $1.6 trillion
5. car loan debt is $1.8 trillion
6. mortgage debt is $20.2 trillion
7. State and local debt is $3.8 trillion
The housing bubble is bursting again.
Teh car market is collapsing- Ford and Chevy this year will lose close t0 $6 billion.
Real inflation is still around 8-9%
No, there is almost no road left we can kick this can down.
Forbes says it's too much taxation and inflation taking away spending power from consumers that democrats are going to make it worse if Harris is elected. Since Harris is a radical authoritarian socialist that makes sense.
I agree country has too much debt and taxation is just government stealing impoverishing more people, fueling more debt spending by people and government. The system is also ripe for a monetary collapse of the dollar .
So will it be an inflationary depression or deflationary depression.
I agree country has too much debt and taxation is just government stealing impoverishing more people, fueling more debt spending by people and government. The system is also ripe for a monetary collapse of the dollar .
So will it be an inflationary depression or deflationary depression.
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