Quote:
Originally Posted by Luke_Wyatt
If Trump were to pull a miracle and win I am willing to bet we would go into a recession and he wouldn't pass anything through congress.
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I realize that no one listened to the post I put up yesterday as it is quite long, but within it, it explains that the world recession actually started 50 some odd years ago due to the consumer living off of credit and not actual dollars. The reality is, one day that credit will come to a dead halt and no one will have cash to buy anything as most people are cash poor and even if they have savings, they won't be able to get to it. There is only xxxxx amount of physical "real money" in the world but there are xxxxxxxxxxxx dollars (I forgot the exact number he said in either case but it was billions and trillions consecutively) in "plastic" aka credit in the world, which, at the pace America and the world is going, we have very little time left for the pace to continue. We cannot keep printing money as monetary value will continue dropping and the "monetary velocity" is shrinking exponentially.
Now if you add all the personal "credit"
(aka using money, but not having "real cash" to reimburse the creditor) along with all the quantitative easing (aka borrowing money due to fact that the "standard monetary value has become ineffective" due once again to "credit") America has taken in the last 12 years. We as a country (as well as the world) are already in a colossal recession and we don't even know it yet, until that day that we go to the ATM and there is no money, we go to use our credit cards, they don't work, etc. etc.
So you see Mr Wyatt we are already in a deep recession and we don't even know it yet.
The key is to plan in advance folks, if you don't want to or don't have the time to listen then please just go to Agora Inc. get their newsletters. No I don't work for them, LOL, they just have been quite informative for myself in past years, and what will get us through this huge hurdle to come, (no matter who is in the Oval Office) will be our own due diligence before it even happens.
My Bio Page - Florida - Miami/South Florida
