It does seem like the economy are very close to falling apart. Inflation is high and will continue higher but Federal Reserve sems to be powerless.
In our economy debt must grow. Only new debt can pay for old debt. At some point debt can not be repayed.
So a new system is necessary. Something with much more control over each individual. People have to live in fear so they do not revolt when their standard of living plummets. The few that are left because they do not want billions of people. Something similar to Chinas social credits. And only digital currencies so anyone will know they are watched in real time.
But Covid fascism is not working well enough for them.
So my question is, can war be a solution for them? A larger one where people feel that fascism/communism is nothing in comparison. Because i am spiritually told that some in the Biden administration want war.
Also please discuss solutions. If we have reached the limit for the debt economy can they through cooperation between the larger nations cancel debts without turmoil in markets?
It was one month, kid. Give it a bit.
Joe's asking for another 8 trillion...you think it's going to get better?
It will get better if the $8 trillion goes into the pockets of working Americans to improve infrastructure, education, and the lives of working Americans, and isn't used to give tax breaks to billionaires, or to blow shit up in a foreign country.
No, actually it won't, Dragonlady! Pumping that much cash into the economy will give us runaway inflation. We're already seeing it now! Prices are going through the roof. Didn't any of you liberals study Economics in college?
Prices are going through the roof because of shortages which are due, in part, to the pandemic lockdowns. You've had no people working for the past year due to the pandemic. Food processing plants have been shut down, and migrants workers can't come in through the closed borders.
Trump closed the South Border and didn't let anyone in to harvest the crops, so surprise!!! prices went up. Republicans really are that stupid. Sucks to be you!!!!
OPEC cut production of oil, because of the pandemic and the glut of oil worldwide, and now prices have gone up as a result and you blame Biden. Trump agreed to the productions cuts, because higher prices are good for business, and Trump is all about doing what's good for business.
Biden is shutting down the pandemic, getting everyone vaccinated, and getting schools re-opened, so people can go back to work. He's also trying to bring your infrastructure into the 21st Century in terms of nationwide broadband WIFI, road, bridges, infrastructure, and family care infrastructure - expanding public schools and early learning centers.
Day care and elder care is a HUGE issue for working families. Fortunately I live in a country where the government provides income supports and solutions for working families, and doesn't just leave them hanging. Well the feds do at least. Too many provinces have useless
dickheads . . . Conservatives as Premiers, running them.
It's long past time when American workers had mandated vacations, maternity leave, and sick days, like the rest of the first world.