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Response to duforsure (Reply #3)

Thu Oct 11, 2018, 07:35 AM

5. Yup, yup, yup, you hit the nail on the head

I expected it a couple of years out yet, but this could be the beginning.

When you take out billions of dollars circulating in the economy (taxes on the wealthy) and give it to people who are already hoarding money (the wealthy), you are bound to have an economic depression of some sort.

On top of the money being taken out of circulation, you have a very weak middle class that has not seen a wage increase in decades (Actually, accounting for inflation they have experienced a wage decrease overall.) and has to borrow to stay ahead of poverty. Raising interest rates makes them pull back not only on borrowing but on spending. So the rich are hoarding wealth, the poor are broke and the middle class can't borrow and spend like they use to. Something wicked this way comes and it is coming for this corrupted and failing capitalist economy.

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Replies to this discussion thread
Arrow 8 replies Author Time Post
Ccarmona Oct 11 OP
C Moon Oct 11 #1
Hugin Oct 11 #2
duforsure Oct 11 #3
LineLineNew Reply Yup, yup, yup, you hit the nail on the head
Farmer-Rick Oct 11 #5
Achilleaze Oct 11 #4
saidsimplesimon Oct 11 #6
LovingA2andMI Oct 11 #7
Tobin S. Oct 11 #8
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