Posted on 03/11/2023 5:00:32 PM PST by CFW
Home Depot co-founder Bernie Marcus issued a strong warning for everyday Americans.
During an appearance on "Cavuto Live," Marcus discussed the devastating collapse of Silicon Valley Bank, urging Americans to "wake up" and understand that the U.S. economy is in "tough times."
"I can't wait for Biden to get on the speech again and talk about how great the economy is and how it's moving forward and getting stronger by the day. And this is an indication that whatever he says is not true. And maybe the American people will finally wake up and understand that we're living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn't look good," Marcus argued, Saturday
(Excerpt) Read more at foxnews.com ...
“And maybe the American people will finally wake up..”
Not a chance for the democrat part.
“Dem energy policies created inflation...”
Exactly! And far too few commentators in the media acknowledge this fact. The turd in the white house started it on inauguration day. The handjob Powell is just making it worse.
Soros? CIA?
“Was he on with Neil Cavuto?”
Mr. Langone, the co founder, is regularly on Fox and equally wise.
Recession = Your neighbor loses his job
Depression = You lose your job.
Recovery = FJBrandon loses his job.
> Paul Volker had a lot more wiggle room back in 1979. Now the Fed is trapped - bad options all around - with nowhere to escape.
options (as I see them):
1 create a distraction, as in a world war, or a civil war
2 print wheelbarrows of money (to be distributed in a manner TBD primarily to worthy and well connected friends of the government)
3 start a federal digital currency (to be distributed in a manner TBD primarily to worthy and well connected friends of the government)
4 start a social credit system and use it to disguise wage and price controls
the democrats’ conceit is that there is a big government managed way out of every problem, no matter how big the problem grows to be.
this conceit may soon be challenged as never before.
I think he meant depression.. I think that is the next stop on the biden train.
There is no alternative and won’t be in our lifetime
slo joe and co with with option 5. All of the above..
so far, our side has not taken the bait on some and the others are in the works.
With gold money, interest rates always would yield a positive return or the gold money would not be lent out.
> Look, the system was going to collapse anyway but mad money printing during COVID (and Russian sanctions didn’t help) ruined the dollar as a long-term reserve currency. The world’s bankers all know this. Right now, we’re just looking for an alternative system while the dollar is in the ICU.
If that is the case, then I imagine the next step would be either for the USA as a nation to sell off its assets (land, minerals, crops, etc) to its major creditors (China, China, and oh ya, China), or else (perhaps more traditionally) to renege on its debts and go to war with its creditors (China, China, and oh ya, China)
When I was young passbook savings was 3%.
Banks were paying .1 to .4% after madrasa educated Obama came into office. The Prophet would have used silver or gold money and a sack of gold coins would buy about the same number of sheep each and every year.
The dollar is not gold. It loses value every time I walk into a Walmart. The faster it loses value, the higher interest rates should be to prevent people with dollar holdings losing buying power.
Ironic that he was saying this on the Pillsbury Doughboy’s show. Cavuto hated Trump and rejoiced in his 2020 “defeat.” That means he was a Biden supporter and he’s part of the reason we’re all suffering now. He can ESAD as far as I’m concerned.
When interest rates are lowered, smart money massively buys commodities (and single family houses[which require less maintenance due to better materials than when I was young]).
Could prices be as high as they are if the total value of Federal Reserve notes was only adjusted after 1914 for population growth?
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