We're in a private debt crisis that could lead to the next economic collapse!
- Thread starter signalmankenneth
- Start date
Airstrip One
Completely Effed
What's good for the goose is good for the gander.
Taft2016
Verified User
Well this is what happens when Kenny wanders away from his two usual libtard webnews clearing houses.... he actually finds something worthwhile.
The reason we have a government indifferent to the severity of public debt is that they've been elected by a public indifferent to the severity of its own private debt. It's an equation that's certain to lead to colossal failure.
As the higher unemployment rates are increasingly becoming the new norm since 2008, the private debts accumulated become increasingly in danger of going into default. And prior to defaulting, they are run up dramatically due to the account holder being out of work...
Other than a precipitous stock market crash, what will be the fallout from such a collapse? Interest rates may hit the double digits at that point. Will cash become king?
The reason we have a government indifferent to the severity of public debt is that they've been elected by a public indifferent to the severity of its own private debt. It's an equation that's certain to lead to colossal failure.
As the higher unemployment rates are increasingly becoming the new norm since 2008, the private debts accumulated become increasingly in danger of going into default. And prior to defaulting, they are run up dramatically due to the account holder being out of work...
Other than a precipitous stock market crash, what will be the fallout from such a collapse? Interest rates may hit the double digits at that point. Will cash become king?
This can only be news to uninformed low information voters who believe that a nation can be run on nothing more substantive than hope and change.
The reason for increasing debt and mortgage malaise is simple; there aren't any jobs out there. A growing economy built on sound economics will resolve these issues. It won't resolve the lunatic hunger for revenue and debt in Washington.
That can only be solved by educated intelligent voters realizing that the nanny state is a failure and needs to be dismanteled. Given the last two elections and media malfeasance, I won't hold my breath that this looming debt disaster doesn't become another painful reality of Obamanomics.
The reason for increasing debt and mortgage malaise is simple; there aren't any jobs out there. A growing economy built on sound economics will resolve these issues. It won't resolve the lunatic hunger for revenue and debt in Washington.
That can only be solved by educated intelligent voters realizing that the nanny state is a failure and needs to be dismanteled. Given the last two elections and media malfeasance, I won't hold my breath that this looming debt disaster doesn't become another painful reality of Obamanomics.
Taft2016
Verified User
The history books of the 20th century are full of shoulder shruggers who failed to recognize crises until their fortunes were reduced to wheel barrows full of paper they could only exchange for a loaf of bread.
We have a president determined to crash the system, bankrupt the wealthy, and rebuild the system on a model he deems to be "fair." Look around you here on this forum... how much support do you think he'll have from these "life losers".... who sit at home all day cranking on the internet while their wife runs off to support the family with a job in a supermarket?
What are you doing while your "wife" works?
