Hi Rob! Any good emails lately about the imminent collapse of the US economy? It’s March again!
>>Hi Rob! Any good emails lately about the imminent collapse of the US economy? It’s March again!<<
More than I can count. I am more convinced than ever that it is coming, but people just continue to spout - and believe - more and more outrageous lies and statements. Eventually, though, it will come down hard and fast.
We seem to keep taking bad news in stride without realizing things will have consequences. I am reminded of the Frank Sinatra character in the movie Hole in the Head. He is looking at losing his hotel and during the entire movie he is driving a nice Cadillac convertible, dating a swell chick and only in the background is he sweating bullets trying everything he can to come up with the cash.
It is only in the very last day that he sells his Caddy, puts the money on a horse race, wins big, but then on the next race loses it all. The next morning they foreclose and he is LITERALLY out on the street.
We are in the same boat. The world governments are putting up all the front they can, but the day is coming when they will sell the Caddy. And it will be too little, too late.
I have likened this to a hyperbolic curve. I thought we were started up the near vertical leg last year. It is looking like I was a bit early. The longer it takes for this to finally come down though, the harder we will crash, I believe.
IOW, I feel even more strongly than before, but I believe I was premature by a year or so.
>>It’s March again!<<
Oh, and if you were to look at our country (and the world) as it sits today through the eyes of someone last March, it would look considerably worse than it does to us now. It’s the old “frog boiled alive” sort of thing.
I have a feeling the great depression felt more like this at the time. I mean, after all, 75% of the people were employed. Right now, every person I know that has lost their job in the last year has either not found anything or found something considerably below what they were making in salary.
IOW, the collapse has not yet happened, but over the last three years it has gotten VERY bad. The collapse will follow soon enough.
Imagine where we would be if the government was not perpetually increasing unemployment benefits. Imagine where we WILL eventually be if they do. :(