I had heard references to the economy imploding but not fully understanding the economics and triggers in play. Between your insight and the video link it makes sense. It is definitely a trapdoor situation for most of us. I’m so mad and sad and hope that corrections can be made to prevent our economy from imploding underneath us. And I’m glad the protector of the Getty domain, Marz, is on the mend again.
When Black Tuesday kicked off the Great Depression, there were a number of suicides among stockbrokers, bankers, and other wealthy elites. (According to WaPo, about 100 in November and December 1929.)
This time, that top one percent will hole up in their lavish enclaves while the rest of us line up at soup kitchens and sell pencils on street corners.
This is spot on. Even Powell is afraid of the wrath of tRump. When the house of cards fall, the people at the bottom will be left holding the bag. Shameful.
I was so impressed with this explanation on capitalism, I sent it to my investor to ponder! Ha!
I had heard references to the economy imploding but not fully understanding the economics and triggers in play. Between your insight and the video link it makes sense. It is definitely a trapdoor situation for most of us. I’m so mad and sad and hope that corrections can be made to prevent our economy from imploding underneath us. And I’m glad the protector of the Getty domain, Marz, is on the mend again.
When Black Tuesday kicked off the Great Depression, there were a number of suicides among stockbrokers, bankers, and other wealthy elites. (According to WaPo, about 100 in November and December 1929.)
This time, that top one percent will hole up in their lavish enclaves while the rest of us line up at soup kitchens and sell pencils on street corners.
And I nicked it.
This is spot on. Even Powell is afraid of the wrath of tRump. When the house of cards fall, the people at the bottom will be left holding the bag. Shameful.