It doesn’t take a genius to see that the policies
of this administration are going to crash this economy.
Right, huge bubble + more regulation and Socialist policies = crash.
Hell, if he gets through even a quarter of the Green New Deal he’s talking about it’s game over. The entire stability of the dollar is dependent on the fact the dollar is the acknowledged standard for world energy (ie. petroleum) transactions. This in addition to the fact he’s talking in terms of hundreds of trillions with this thing.
When, not if, it crashes, I wonder what happens then?
The last omnibus/covid relief hasn’t hit the clock yet...we’re $30 trillion current debt. $159 trillion in unfunded liabilities.
This next covid bill will add yet another $2 trillion, war on the horizon...you get the point.
Our bonds are not being purchased by foreign lenders. The Fed reserve is monetizing our debt by placing it on their balance sheet.
I say all that to say this...a hike in taxes, rising fuel/oil prices will cause inflation to rise. Depending on the rate of inflation, the fed will hike interest rates. The cost to service the debt goes up...rock and a hard place.
The economic landscape does not look promising.
[It doesn’t take a genius to see that the policies
of this administration are going to crash this economy.]
True. However, those who voted for it will never figure it out. /preaching to the choir