We owe it all to clueless voters who cheated thereby electing the evildoers Biden and Bama!
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The average voter is much more heavily invested in a big government than they are in the stock market.
When the stock market crashes, big government keeps chuggin’ right along.
I don’t want to live like them, but it makes you stop and wonder, are we really any smarter than they are?
Of course, when the WHOLE economy crashes, like the great depression, even the government has very little to give except bread and cheese.
There is even an opinion piece at the WSJ regarding the possibility of a “black Monday”.
“Another Black Monday May Be Around the Corner”
“The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a steep recession and the risk of a repeat of 1987’s Black Monday.
Early in the pandemic, the volume of U.S. dollars in circulation soared. For two years starting in March 2020, the M2 money supply—a measure of the cash and checkable deposits in circulation plus savings deposits and other easily convertible assets—grew at an unprecedented annual rate of 16.5%. That is more than three times the appropriate rate for hitting the Fed’s 2% inflation target.
Then, in March 2022, the Fed changed course, first tightening the money supply by increasing the federal-funds rate and then introducing quantitative tightening. Between July 2022 and August 2023, the M2 supply contracted by 3.9%, the most extreme contraction since 1933.”
Of course, no one blames Biden (or his handlers) and his policies.
You have to live in a world with Beef cows, to have cheese. Bread takes wheat, which is out of the question without farmers growing it. They will give us bug rice, and bug cheese.