This is the best advice I can think of. Don’t spend money on people/groups/companies that hate you. Next cut all spending to the bone. Start killing your debt. Hard times are coming and some cash in the bank and in the mattress will buy you options when the world stops turning. It’s slowing but it is fixing to stop. Our politicians and our neighbors and our families have spent way more than was proper or moral. Eventually the bill comes due. This QE + zero / near zero interest party just delayed the 2008 hard recessions until it gets turned into a depression. I am not sure if I can find a chart showing it but GDP minus deficit spending has been low/negative for a while.
Appreciate if anyone can find a good chart showing it. In 2019 GDP increased 2.29% to 21.38 trillion but deficit spending was about 1 trillion or 4.6%. Without deficit spending GDP is negative 2.3%. It has been that way for way too long. We have had true negative GDP while borrowing 20+ trillion to hide it. That is crazy and the people are too stupid to understand. Imagine 10-20 years of negative GDP growth. That happened but we think we are better off.
[Hard times are coming]
Agreed
Well i’ll be damned..
Someone who gets it!!!!
The bush/mccain depression level event never did fully play itself out.
4 presidents, count ‘em...4
had the chance to bring us in for a soft landing.
They all failed.
Now, we pay the price.
I prepared many years ago and positioned myself to survive in the depressed economy.
I did not even consider it would get this bad.
We are going to party like it’s 1979!!!